ANKARA (AA) - Turkish Prime Minister Recep Tayyip Erdogan said on Sunday that Turkish government would do what the new program required for 2005-2007 by complying with fiscal and monetary discipline.
Erdogan, CHP (main opposition Republican People's Party) leader Deniz Baykal, Industry & Trade Minister Ali Coskun and other senior officials attended the opening session of the General Assembly of the Union of Chambers & Commodity Exchanges of Turkey (TOBB) in Ankara.
Delivering a speech in the session, Erdogan said, ''this government enacted many structural reforms in the shortest time that had not been seen before in the history of Republic.''
Mentioning figures on economic developments, Erdogan said that Turkey had a bright future. Stating that Turkey has started to make important transformation in its economy, Erdogan added that foreign people came to Turkey for investment.
Erdogan said that they reduced real interest rates from 34 percent to 10 percent, stating that nominal interest rates were decreased from 70 percent to 17 percent.
''We reduced inflation rate from 34 percent to 8 percent. Turkish economy is growing day by day,'' he stressed.
Erdogan indicated that annual growth rate was 9.9 percent, stating that Turkey was included in the fastest-growing countries of the world.
He added that Turkish economy's foreign trade volume reached 164 billion U.S. dollars in 2004.
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2005-05-08