Turkey owes FDI boost to EU relations, Babacan says

Economy Minister and chief European Union negotiator Ali Babacan said all Turkey's assets had become more valuable since Dec. 17, referring to an increase in investor interest in Turkey following a EU Commission decision to launch negotiations on Turkey's full membership in the bloc, set to start this October.

Speaking to CNN Türk yesterday, Babacan said the increased level of foreign investment in the Turkish banking system is not worrisome but, on the contrary, a promising development.

Read the rest of the article on Turkish Daily News

See also:

• Turkey's EU dream dealt double blow as Chirac and Merkel raise doubts (The Guardian)
• Talat entreats EU leaders to drop recognition push (The New Anatolian)
• Schröder: EU’s turn to honour its promise (Hürriyetim)
• Greece supports Turkey in EU but reminds of conditions (Turkish Daily News)
• 'EU Membership is a Significant Tool for Modern Civilization' (Zaman)
• Chirac on collision course with Blair over Turkey in EU (The Telegraph)