Turkey invests in development of country’s Black Sea region

Business Materials 19 November 2013 13:52 (UTC +04:00)

Baku, Azerbaijan, Nov. 19

Rufiz Hafizoglu-Trend:

As part of development of the regional economy, 230 billion liras will be invested in the Black Sea region of Turkey , Haber 7 TV Channel reported on Nov. 19. .

According to the TV Channel, investments will be made in such cities as Artvin, Giresun, Gumushane, Ordu, Rize and Trabzon.

The report said 30 billion liras of the total investment will be made in the development of the public sector and 200 billion in the private sector of the cities.

As the Turkish Economy Minister Zafer Caglayan said earlier, the country has all the conditions to stimulate economic development.

The official exchange rate on November 19 is 2.0201 TRY / USD.