Babacan: "EU reforms will continue"

Speaking to reporters on the way to Ankara from Oman, Foreign Minister Ali Babacan said that the ruling Justice and Development Party (AKP) had focused on issues including preparation of a defense for the AKP closure case, forming a new Constitution and continuation of the European Union reform process. Concerning economy, he said that the flow of direct capital into Turkey will decrease in 2008. Undoubtedly, the global economic fluctuation will have an impact on the flow of direct capital into Turkey, said Babacan, adding that Turkey's domestic issues will also have an impact on capital flow into country. Direct capital that entered Turkey in 2007 was $22 billion, Babacan said.