Turkey ranks fifth in imports made by Monaco

Speaking to a banquet which was given in his honor, Prince Albert II of Monaco said that Monaco has realized that Turkey enjoys a developed economy. Stating that they aim to boost commercial, economic and cultural relations with Turkey, Prince Albert II said, "Our chamber of economic development initiated commercial relations with Turkey in 2005. In 2007, the Principality of Monaco realized that Turkey enjoys a developed economy. Afterwards, we turned our direction towards Istanbul." Prince Albert II added that Turkey ranks the fifth in the imports made by Monaco, which are clearly shown by figures of the year 2011.