The country’s economy is closely associated with the European economy and is receptive to rise in interest rates of the US Federal Reserve (Fed), reported Daily Sabah. “Most of Turkey’s growth stems from the projects carried out with Europe,” Zutt said.

Speaking of World Bank’s support to Turkey’s economic sectors, he said: “We are supporting the Trans-Anatolian Natural Gas Pipeline Project (TANAP). We are working with the government to expand the Natural Gas Storage Facility in Lake Tuz. We are also working on energy transmission, distribution and the renewable energy sector.”

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