Fog blankets Seydisehir town as two hikers are seen on the top of Kupe mountain in Konya, Turkey on December 25, 2015.
ECONOMY, TURKEY, WORLD2011 09 12
Turkish economy grows 8.8% in Q2
Turkey grew 8.8 percent in the second quarter of 2011 compared with the same period of the last year, the Turkish Statistics Institute (TurkStat), announced on Monday.
According to the TurkStat figures, Turkish economy became the second fastest growing economy in the world after China, which recorded a growth of 9.5 percent.
Growth projections were around 7-7.5 percent for the second quarter.
Data released by the TurkStat show that Turkey’s Gross Domestic Product (GDP) in current prices was up 19.2 percent to 318.4 billion liras ($176.8 billion) year-on-year in the April-June period of 2011 while GDP in constant prices grew 8.8 percent to 27.9 billion TL ($15.5 billion).
In the first quarter of 2011, Turkey grew 11 percent, outpacing even China to become the world’s fastest growing economy.
With these figures, Turkey has become the fastest growing economy in Europe ahead of Estonia, which expanded 8.4 percent in the second quarter.
A man takes a selfie as water sprayed meters into the air, freezing to form icicles after the freezing cold in the neighborhood of Muradiye led to the explosion of a water pipeline at the Sarimehmet Dam in Van, Turkey on December 25, 2015.
A man walks on snow passing by trees of which the branches got frozen Bitlis province of Turkey on December 22, 2015.
A handout picture made available by SpaceX on 22 December 2015 shows SpaceX's Falcon 9 rocket successfully landing upright at Cape Canaveral Air Force Station, Florida, on 21 December 2015. Private space flight company SpaceX successfully returned a rocket to Earth following a satellite launch on 21 December after two earlier attempts failed.
Project to generate $4 billion in exports, Turkish ambassador to Uganda says.
DO YOU KNOW?
Safranbolu Houses, featured in the UNESCO World Cultural Heritage List, are being restored by the Housing Development Administration of Turkey.
Government Takes Care of Traffic Accident Victims
The government now covers all medical expenses of those injured in traffic accidents.
Investing in Farmers
Turkey increased agricultural investments in the past 10 years from 1.8 billion TL to 9 billion TL.
Double-lane roads save 1525 lives
The number of people who were killed in traffic accidents dropped to 4,041 in 2010 from 5,566 in 2000 thanks to 13,500 more kilometers of double-lane roads, which saved 1,525 lives a year on average.
Record Growth in Technology Sector
The Turkish technology sector grew 19.4% in 2010, closing the year with 17.5 billion TL revenue.
World Leader in Transit Passengers
Carrying 18 million passengers in the Asia-Europe transit corridor in 2010, Turkey saw the highest increase in transit passenger numbers in the world.
Every student has Internet Access
Every school in Turkey now has ADSL internet connection.
Public debt ratio lowest in Europe
The ratio of Turkey’s public debt to national income has dropped to 28.2 percent from 61.4 percent 10 years ago.
- Turkish economy grows 8.8% in Q2
- First Turkish built helicopter takes test flight
- Turkish field hospital gives life in Somalia
- New high-speed train line launched
- Turkish-made cabs in New York streets
- Control your computer without mouse or keyboard
- First Turkish observation satellite launched
- Turkey wins first-ever world title in volleyball
- James Bond to be shot in Istanbul
- Turkish swimmer sets new world record
Scholarship to Returning Academics
The Scientific and Technological Research Council of Turkey now offers 3. 250 TL monthly scholarship to returning academics who complete their Ph.Ds abroad.
5000 more licensed tourist guides
The number of licensed tourist guides has risen to 12,517 in 2010, from 7,658 eight years ago.
From Electricity Importer to Exporter
Turkey increased electricity production from 31 thousand to 45 thousand megawatts in ten years and started selling electricity to Georgia, Syria and Greece.