Mr. Andrew N. Vorkink

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  www.atid-edi.com/fnarchive/bw20070110.htm - [Cached Version]
  Published on: 1/10/2007    Last Visited: 3/28/2007  

  "Financial markets have reacted positively to his appointment," said former World Bank country director Andrew Vorkink at the time."The World Bank feels he will be an excellent governor for the important period ahead" he added.

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  www.pashacorporation.com/wordpress/?m=200603 - [Cached Version]
  Published on: 3/1/2006    Last Visited: 7/11/2007  

  Andrew Vorkink, head of the World Bank office in Ankara, said, "Turkey's employment rate grew at less than 1% a year in the past decade, which is far less than what is needed.Its employment rate in 2004 was 46.1%, and for women 24.3%, compared with European averages of 64.8% and 57% respectively.
  
  Creating more jobs was also critical to Turkey's image as an EU candidate country, Mr Vorkink said.

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  finntrack.co.uk/finntrack.com/financial_centre/principl - [Cached Version]
  Published on: 3/1/1995    Last Visited: 5/24/2009  

  World Bank: Banking Sector Development in the Period of Change - EU Perspective . Remarks of Mr. Andrew Vorkink, Turkey Country Director Delivered at 2nd International Finance Summit Istanbul, December 2, 2004

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  www.e-turchia.com/Arretrati/Turchia_Oggi_arretrati_2006 - [Cached Version]
  Published on: 10/2/2006    Last Visited: 2/7/2008  

  During the ceremony to mark the loan's signing, Andrew Vorkink, country director for Turkey, said that the World Bank was pleased to help the Turkish government in expanding its gas storage capacity and in the construction of the first storage facility in underground salt formations (the most flexible type of gas storage which can respond to gas demand faster than other types). "Natural gas storage facilities constructed under this project will help keep the cost of natural gas more stable across the seasons, give better security of supply, and encourage the construction of gas distribution networks, Vorkink continued.

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  www.biforum.org/SEEFarchive/news_archive19991015.htm - [Cached Version]
  Published on: 1/3/2000    Last Visited: 1/30/2001  

  13.00 Andrew Vorkink, Country Director for Bulgaria and Romania, World BankMarcelo Selowsky, Chief Economist, World Bank
  
  13.30 Werner Koepf, Vice President, General Manager Europe, Middle East, Africa, Compaq Computer EMEA BV

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  www.e-turchia.com/Arretrati/Turchia_Oggi_arretrati_2005 - [Cached Version]
  Published on: 10/12/2005    Last Visited: 2/7/2008  

  Turkey has the potential to be the tiger economy of Europe, said both the IMF Representative of Turkey, Hugh Bredenkamp, and the World Bank Country Director for Turkey, Andrew Vorkink.
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  This is the first time in the past 70 years that serious policies of finance have been brought to Turkey, said Bredenkamp, while Vorkink voiced his opinion of a transition from a crisis-stricken community to an affluent society.
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  Vorkink comparing the rate of income growth of Turkey with those of Malaysia and Korea, two tiger economies of East Asia, specified the rate of per capital income in the two Asian countries have grown at the pace of five percent for the last 30 years whereas this rate in Turkey has remained at two percent: "The per capital income in Turkey was greater in comparison to that in Malaysia and Korea thirty years ago.If the same rate of growth had been kept persistent, the rate of per capital income in Turkey would be two and a half times bigger."Ireland and Spain, the two countries that Vorkink describes as European tigers, experienced the same course of events, he added and the mobilization of the financial sector can make Turkey a tiger economy in Europe."This potential exists.Turkey can be the tiger economy of Europe in the next decade.The combination of efforts can free the tiger of Turkey."Turkey is the country that displayed the most impressive performance among other growing economies over the last few years.Such an impressive performance will continue to develop the standards of living and offer new job opportunities.The Turkish banking sector has made tremendous progress in improving its technological infrastructure and individual credits, said Vorkink, expressing his disappointment at the low level of success in the field of insurance.

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  www.biforum.org/archive/news_archive19991018.htm - [Cached Version]
  Published on: 1/3/2000    Last Visited: 9/18/2000  

  Among the 650 participants are the World Bank's chief economist Marcello Selowski and Andrew Voerkink, director for Bulgaria, EBRD's vice-president Charles Frank, Ronald Freeman of Salomon Smith Barney, professor Geoffrey Sax.

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  www.euromoneyconferences.com/customer/emc/emcprogramnot - [Cached Version]
  Published on: 11/24/2001    Last Visited: 11/24/2001  

  Andrew Vorkink, Country Director, World Bank

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  Published on: 10/10/2006    Last Visited: 1/24/2007  

  Andrew Vorkink, Turkey Country Director of the World Bank, noted that the direct foreign capital rate is on the increase while also stressing that ‘hot money' income has been on the decline for the past year.
  
  Vorkink, who says that incoming ‘hot money' during the first half of this year was 80 percent lower than last year, added: "On the other hand long-term investments and the incoming direct foreign capital are on the increase.These developments indicate that foreign investors no longer see Turkey as a country of short-term investments; they have begun to think that Turkey has become a country of long-term investments."
  
  Vorkink discussed Turkey's economic situation just a month before he will hand over his post.Having mentioned that the International Investment Consultation Corporation's meetings have coincided with a period when Turkey is subject to global fluctuations, he said ‘big investors' claim they will continue investing in Turkey even during such an unstable period.Vorkink also guesses that over 15 billion dollars of foreign investment will come to Turkey and anticipates that this number will increase next year.
  
  The International Monetary Fund announced last month that it is going to raise the share quotas of South Korea, China, Mexico and Turkey in the Fund by approximately 1.8 percent.Taking this as a sign that Turkey has become an elite country, Vorkink said: "The IMF chose four countries including Turkey from among many developing markets.By doing this, it has confirmed that Turkey is becoming a developing global power."
  
  In his position with the Southern European Region division of the World Bank, Vorkink feels he has a perfect grasp of the present economic and structural situation in Turkey, Bulgaria and Romania.He added, "Turkey possesses a more powerful economic infrastructure, administrative capacity and a more functional judicial system than Romania and Bulgaria, the two countries preparing to become members to the EU next year."
  
  "If Turkey manages to keep on with its reform process, in ten years it will have economically grown three times more than the EU; and at the end of such a positive process, the EU will no longer refuse Turkey," Vorkink said.
  
  Vorkink also said they have been providing the government with technical counseling on how to increase the employment rate and that the new package for raising employment, which is about to be completed, contained four significant elements.
  
  He suggested that the first improvement should be on the continuation of macro economic stability.The second on improving the business environment, the third on establishing flexibility in employment market and the fourth in the efficiency of educational and technological investments.
  
  He also stated that he considers it natural that the financial institutions in Ankara may be moved to Istanbul as Istanbul is undoubtedly the center of regional financial institutions.
  
  Andrew Vorkink wants to stay in Turkey
  
  When his term ends in November, Andrew Vorkink will leave Turkey.He then plans on giving lectures at the American University in Washington.He noted that he likes Turkey very much and he wants to come back next year to work as a professor.

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  Published on: 7/26/2003    Last Visited: 7/26/2003  

  You might remember that in May this year, when the World Bank Country Director Andrew Vorkink paid a visit to Bulgaria, he highlighted two problems that needed special attention.First he said the judicial reform, and second - the privatisation of Bulgartabak.Mr. Vorkink added that the Bank would want to see a stable progress in the solution of these specific problems, so that negotiations on the launching of PAL 2 loan can go on successfully.

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