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News 16

Chamber praises Turkey’s private sector role in rapid growth

Turkey's private sector contributed much to Turkey's 8.5 percent economic growth last year by creating 1.3 million new jobs, says Hisarcıklıoğlu, chairman of TOBB. Support for SME's is a must for sustainability, TÜSİAD chairwoman Boyner adds

Workers are seen at an assembly line at a rubber plant in Istanbul in this file photo. Turkish businesses keeps creating jobs despite global woes, Hisarcıklıoğlu says.

turkey's private sector contributed vastly to the country's impressive growth rate in 2011 by creating 1.3 million new jobs, the chairman of the Union of Chamber and Commodity Exchanges (TOBB), Rifat Hisarcıklıoğlu, said yesterday.

"Turkey's economy grew 8.5 percent in 2011. One should not forget that this was achieved at a time when European economies were plunging into crisis one after another and the Middle East was in political turmoil," Hisarcıklıoğlu said in a written statement. The Turkish Statistical Institute (TÜİK) said yesterday that the Turkish economy grew 8.5 percent in 2011 overall, and 5.2 percent in the last quarter of the year.

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