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Turkey Japan Nuclear Plant Deal


May 2013
Turkey signed on May 3 a $ 22 billion deal with a Japanese French consortium to build Turkey's second nuclear plant in the city of Sinop along the black sea.

Turkey 1.8% GDP Growth


September 2012
According to a release by OECD published on September 13, 2012 the GDP in Turkey grew in the second quarter of 2012 by 1.8% compared to a decrease of 0.1% in the first quarter of 2012.
The Turkish grows of 1.8% equals the 1.8% growth of China in the second quarter of 2012, compared to a growth of 1.6% in the first quarter.


Turkey Credit Rating Downgrade


May 2012
The credit rating agency S&P downgraded on May 3, 2012 Turkey's long term rating from positive to stable expressing concern about the Turkish government debt.
The Turkish prime minister Mr. Erdogan reacted angrily to S&P's downgrade, "From now on we do not recognize you as a credit rating agency anymore".







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