October 8, 2008

Turkish Premier Welcomes Energy Agreement With Czech Republic

Text of report in English by Turkish semi-official news agency Anatolia

Ankara, 8 October: Turkey's Premier Recep Tayyip Erdogan welcomed the energy agreement signed [on] Wednesday [8 October] between Czech Cez and Turkey's Akenerji companies, expressing his hope that it would contribute to relations between the two countries.

Following delegation and tete-a-tete meetings, Erdogan and his Czech counterpart Mirek Topolanek held a joint press conference in Ankara.

Erdogan thanked Czech Republic for its continuing support for Turkey's EU bid and said he believed this support would continue after Czech Republic resumed the rotating EU Presidency in the first half of 2009.

Erdogan said as of 2007 the trade volume between the two countries was 1.5bn US dollars and expressed his expectancy that it would reach 2bn US dollars by the end of the year.

Erdogan invited entrepreneurs from the two countries to cooperate in the fields of energy, tourism and construction.

Energy agreement

Czech Cez and Turkey's Akenerji companies signed a strategic partnership agreement based on equal partnership.

Initially Cez will pay, 303m US dollars for 37.4 per cent shares of Akenerji.

A press release issued by Akenerji said the two companies planned an investment of 3bn US dollars and increase their electricity production to 3,000 MW until 2013.

Originally published by Anatolia news agency, Ankara, in English 1321 8 Oct 08.

(c) 2008 BBC Monitoring European. Provided by ProQuest LLC. All rights Reserved.