Member states of the Union for the Mediterranean

Turkey ‘would not accept’ Greece-Egypt Mediterranean deal

Any delimitation of the Mediterranean between Egypt and Greece will not be acceptable if it affects Turkey’s national interests, Prime Minister Ahmet Davutoğlu has said.

Davutoğlu’s remarks were published on Dec. 7 in the Greek newspaper To Vima, in an interview given at the end of the third High-Level Cooperation Council meeting between Greece and Turkey in Athens on Dec. 6.

Some 32.5 bln fled abroad on fears of Grexit

By Leonidas Stergiou

The amount of capital that was transferred out of Greek banks between late 2009, when the extent of Greece’s economic troubles started emerging, and ended in June 2012 as confidence in Greece began being restored, amounted to about 115 billion euros, a recent National Bank of Greece survey showed.

Turkish PM to visit Greece amid oil, gas tensions in Cyprus

Turkish Prime Minister Ahmet Davutoğlu will visit Greece for two days beginning Dec. 3 amid tensions over energy deposits in the eastern Mediterranean.

The two-day talks between Turkey and Greece are part of confidence-building measures launched in 2010 to improve relations between the Aegean neighbors.

65 percent of Turkey’s tourism facilities need to be renewed

Some 65 percent of tourism facilities on Turkey’s coasts need to be renovated to compete with other facilities around the Mediterranean, even though nearly half of Turkey’s hotels are less than 10 years old, according to a recent report by the Touristic Hoteliers Association of the Mediterranean (AKTOB).

Problem-maker

Miscalculating the capabilities, resources or probable course of action of their opponents can pose serious difficulties for a political leader. While trying to make the best use of an opportunity, a political leader may become cornered by their mistakes or failed undertakings.

President Erdoğan hails new gas deal with Algeria

Turkish President Recep Tayyip Erdoğan has hailed a new 4.4-billion cubic meter natural gas deal between Turkey and Algeria.

In an official visit to the Algerian capital of Algiers, Erdoğan praised the agreement between the national hydrocarbon company of Algeria and the Turkish state-owned oil and natural gas pipeline company BOTAŞ, who extended their agreement for 10 years.

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