Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 10/12/2019 11:35 
08.11.2019 11:12 News >> Turkey Enters Rebalancing Period: Finance Minister

Turkey Enters Rebalancing Period: Finance Minister

Inflation rate to drop 12% as of end of this year, and to single digits in 2020, says Berat Albayrak.

Preliminary indicators show Turkey has entered a strong rebalancing period, the country's finance and treasury minister said on late Thursday.
In the last 15 months, Turkey after facing three major currency attacks took measures to lift the economy, Berat Albayrak told a gathering of business people in the Black Sea province of Ordu.
These attacks tried to reduce the value of the Turkish lira against other major currencies (U.S. dollar, U.K. pound, Euro) so as to rise the inflation rate and collapse the Turkish economy, he added.
However, Turkey came out stronger from the attacks and took measures to prevent a similar situation in the future, he said.
The inflation rate which rose to 25% last year, has dropped 8.55% now, he recalled.
"It will drop to below 12%, which is our target, as of the end of this year, in 2020 we will see single digits."
He went on to say that Turkey posted the highest current account surplus in its history in August at $5.1 billion.
*Writing by Gokhan Ergocun from Istanbul -



        Latest News
4 Killed, 2 Injured In Czech Republic Hospital Shooting 11 minutes ago...
Attacker remains at large, police say.
Croatian Top Diplomat Due In Turkey For Bilateral Talks 26 minutes ago...
Gordan Grlic Radman to be in Turkey on Wednesday to discuss bilateral relations, Turkey's EU accession process.
Algeria Election: Who Is Running For President? -19 minutes ago...
Algerians will head to polls on Dec. 12 to elect new president.
Oil Prices Up With Positive US, China Trade Talks -19 minutes ago...
Trade talks are 'heading in a good direction,' White House adviser Jared Kushner says.
European Bank Backs Turkey's Maritime Industry -19 minutes ago...
EBRD loans $17.5M to operator of Tekirdag port on Sea of Marmara to improve efficiency, expand port capacity.

 
      Top News
Algeria Election: Who Is Running For President? Algeria Election: Who Is Running For President?
France: Unions Vote To Extend Strike Amid Deadlock France: Unions Vote To Extend Strike Amid Deadlock
Albania To Boycott Nobel Prize Awards Ceremony Albania To Boycott Nobel Prize Awards Ceremony
Malaysia's Embassy In Turkey Launches Tourism Campaign Malaysia's Embassy In Turkey Launches Tourism Campaign
Israel's Harshness Fanned By West, Arab States: Erdogan Israel's Harshness Fanned By West, Arab States: Erdogan
2 Senior Terrorists Among 5 Neutralized In East Turkey 2 Senior Terrorists Among 5 Neutralized In East Turkey
'4,000 Square Km Cleared From Terrorists In N.Syria' '4,000 Square Km Cleared From Terrorists In N.Syria'
'4,000 Square Km Cleared From Terrorists In N.Syria' '4,000 Square Km Cleared From Terrorists In N.Syria'
Hamas Chief Arrives In Turkey As Part Of Foreign Tour Hamas Chief Arrives In Turkey As Part Of Foreign Tour
Turkey Condemns Deadly Terrorist Attack In Kenya Turkey Condemns Deadly Terrorist Attack In Kenya