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Turkey

 Flag of Turkey
Last reviewed: 27 January 2009

Country information

ECONOMY

GDP:US$378.4 billion in 2006 (US$361.5 billion in 2005)
GDP per head: US$5,202 in 2006 (US$ 5,016 in 2005)
Annual Growth: 7.4% in 2005 (8.9% in 2004)
Inflation: Year-on-year CPI as of March 2006: 8.16%
Major Industries: Automotive, textiles, iron & steel, clothing, electrical machinery
Major trading partners: Germany, Italy, France, UK
Exchange rate: 2.27 New Turkish Lira - 1 Pound Sterling (as of 27 January 2009)

Following a three-year $10 billion stand-by agreement with the IMF which ended in May 2008, the European Bank for Reconstruction and Development (EBRD) has recently also decided to lend to Turkey.

The AKP has maintained tight fiscal policies and pushed through unpopular structural reforms. Future challenges to the reform process include; correcting the current account deficit, addressing above-target inflation and public debt levels, and decreasing the large informal economy.

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Contacts

Turkey

Address:

Embassy of the Republic of Turkey
43 Belgrave Square
London SW1X 8PA


Consulate General
Rutland Lodge
Rutland Gardens
London SW7 1BW

 

Telephone:

(020) 7393 0202 (Switchboard)
(020) 7393 0222 (Ambassador's Office)
020 7235 1959 (Military)
(020) 7235 6968 (Press)
(020) 7235 4991 (Commercial)
(020) 7235 2743 (Economic)
(020) 7245 6318 (Financial & Customs)
(020) 7839 7778 (Cultural and Information)
(020) 7724 1511 (Education)
(020) 7823 1632 (Religious Affairs)
(020) 7591 6900 (Consulate General)

Fax:

(020) 7393 9213 (Ambassador's Office)
(020) 7393 0066 (Chancery)
(020) 7591 6922 (Consulate General)


Email: turkish.emb@btclick.com
Email: turkishconsulate@btconnect.com

 

Website: www.turkishembassylondon.org
Website: www.turkishconsulate.org.uk

Office hours: