Turkey Growth 3rd in G20

Turkey has occupied the third rank among the 20 major economies as to economic growth after its average growth reached 5% during the first quarter of 2017, aawsat reported. In the presence of officials and ministers from 26 states and before the inauguration of Izmir International Fair, Turkish Economy Minister Nihat Zeybekci said during a news conference on Friday that Turkey achieved a 5% economic growth and expected the average to exceed the 5% in the second quarter, 7% in the third quarter and 5.5% by the end of the year. The Turkey-Russia business forum was held on Friday in Izmir with the participation of 500 Turkish businessmen and around 250 Russians to discuss cooperation opportunities between the two countries and possible ways to reinforce ties. Russian Energy Minister Alexandre Novak said that Turkey is a major trade partner, noting that Russia and Turkey are working on reinforcing cooperation in all sectors, especially agriculture, transportation, industry, construction and funding.