Babacan: we would not have permitted EU to come to this point – January 26th 2012

Turkish Deputy Prime Minister Ali Babacan said Thursday that had Turkey been an EU member, they would not have permitted the EU to come to this point of crisis

Speaking on a TV program in Davos town of Switzerland on Thursday, Babacan said that the most important item on the agenda in Davos was the economic crisis in Europe.

Things in Europe are getting tougher and problems are getting bigger. There is a need for urgent solutions of problems in Europe. This is an issue on top of our agenda in Davos, Babacan stressed.

Participants in Davos meetings often mention Turkey and the rational steps being taken in our country. Such positive remarks on Turkey please us a lot, Babacan stressed.

Touching on an Armenian bill recently adopted at the French Senate, Babacan said that they were closely watching the process.

If the bill becomes a law and all channels against it have been blocked, we will surely have things to say and do on the matter, Babacan underlined.

Yazıcı invites Branning over for tea – January 27th 2012

Customs and Trade Minister Hayati Yazıcı yesterday invited Katharine Branning, author of the book entitled “Yes, I Would Love another Glass of Tea: An American Woman’s Letters to Turkey” over for tea. Yazıcı will have breakfast with Branning tomorrow morning, whom he defines as the one who has ever described tea in the best way. After reading the book, Yazıcı decided to meet with her. Branning accepted Yazıcı’s invitation to have breakfast also consisting of special tea varieties from the northern province of Rize. Reportedly, Branning will share her analyses about Turkey and Turkish people with Yazıcı during the breakfast. Branning says that tea symbolizes hospitality and dialogue in Turkish culture.

Having a cup of tea for us the Turks is always a great moment.

World Bank Chief economist for Europe and Central Asia praises Turkey’s economy – February 2nd 2012

Indermit Gill, World Bank Chief Economist for the Europe and Central Asia (ECA) Region, stressed the great potential enjoyed by Turkey. Speaking at the presentation of a report entitled “Golden Growth: Restoring the lustre of the European economic model,” Gill said that Turkey’s integration with Europe has revealed the rich economic potential gained by Turkey in the last decade. Gill stated that there has been a decrease in commercial ties between countries such as Poland and Czech Republic and the EU, but Turkey maintained its ties with the EU. “Turkey’s exports have improved to a great extent. Now Turkey is capable of exporting to the entire world,” Gill said.

Pravda: Turkey’s defense power grows at a pace to be envied – February 1st 2012

An analysis entitled “Turkey’s defense power grows at a pace to be envied” which was written by Yuri Mavashev and published on English edition of the Russian daily Pravda warns Moscow. The article stresses the importance of Turkey’s success in weapon production, saying, “Turkey is a traditional partner, and even more traditional rival at Russia’s southern borders. This 70,000,000-strong country is part of NATO, and the Turkic and Muslim people in Russia are the subject of Turkish “courtship.” Russia should be concerned about the strengthened power of the Turkish army that is already one of the top ten in the world. Today, the Turkish army is the most organized, numerous and powerful state institution. Turkish army of half a million soldiers is the largest in size after the United States in the NATO military bloc. The Ministry of Defense of Turkey has five divisions: Air Force, Navy, The Army, Gendarmerie, and the Coast Guard.”

Turkey is not a threat to Russia. Turkey is a close neighbour of Russia. Russia is a close neighbour of Turkey. No problem.

Turkish FM calls for more cooperation in the Balkans – January 31st 2012

Turkish foreign minister said Balkan countries needed to develop new mechanisms of cooperation to solve their issues.

“Let us put our own efforts in place instead of waiting for the European Union to solve the problems”, Ahmet Davutoğlu told Tuesday an informal meeting of foreign ministers of the Southeast European Cooperation Process (SECP) member states in Belgrade, Serbia.

Davutoğlu said the SECP needed to adapt to the changing circumstances in the region and develop “a new mindset” to tackle today’s problems.

Financial times praises revival of Turkish Lira – January 23rd 2012

In an analysis entitled “Reviving the Lira,” the Financial Times daily over the weekend stressed the recovery of Turkish lira. “The skies were dark over Istanbul on Friday, but for the Turkish central bank the clouds have lifted. After a titanic struggle to defend the Turkish lira – which involved spending some $15bn of reserves and increasing effective interest rates from 5.75 per cent to around 12 per cent – the pressure is off, at least for now. The lira has strengthened from its low point last month of about TL1.92 to the dollar, trading at around TL1.82 on Friday – and interest rates have come down,” the analysis wrote, adding, “One big factor in lifting the sense of siege is improved sentiment about emerging market risk across the world; another has been the central bank’s own steps.”

Prime Minister Erdogan awarded by the most prestigious Polish award – January 23rd 2012

Prime Minister Recep Tayyip Erdoğan has been deemed worthy of the ‘Gold Statue 2012 Special Award’ by the Polish Business Center Club (BCC), which is considered the most prestigious award in Poland. Deputy Prime Minister Ali Babacan received the award on behalf of Erdoğan during a ceremony which was organized at Warsaw’s National Opera House. Erdoğan sent a video message to the ceremony, saying that he believes Turkey and Poland would make major contributions to their regions and the global economy by merging their powers and through more cooperation and more solidarity, and that the two countries would set an example for others to overcome economic crisis. “I would like to thank the president, executives and all members of the BCC for presenting me the Gold Statue 2012 Special Award on behalf of myself, my country and my nation. The friendship, collaboration and cooperation between Poland and Turkey dates back to many years”, Erdoğan said.

Babacan addresses TÜSIAD general assembly – January 19th 2012

Deputy Prime Minister Ali Babacan has attended the 42nd general assembly of TÜSİAD, the Association for Businessmen and Industrialists of Turkey

He said that the EU members should formulate a common financial policy for the euro zone crisis to be defused.

The judicial reform was another topic Babacan took up when he addressed the general assembly.

He said many of the things the government wanted to change in the judiciary had been blocked by the judiciary itself and it was after the constitutional amendment in 2010 that the road was cleared for reforms. He said further that it was imperative Turkey be raised to the level of higher standards and it should be done with determined steps, adding that Turkey could neither be a first rate democracy nor among the first 10 powerful economies in the world unless it became a state of law in the true sense of the word.

Yours sincerely,


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