Albayrak

Turkey is expected to post an economic growth figure for the past year, Treasury and Finance Minister Berat Albayrak forecast yesterday.

"We will end 2019 with a historic soft landing in terms of gross domestic product," Albayrak said at a meeting with journalists in Istanbul, adding that inflation will keep being a major indicator for 2020.

Treasury and Finance Minister Berat Albayrak has predicted that the Turkish economy grew by 5 percent in the fourth quarter of 2019.

Turkey will stabilize the inflation rate at single digits by improving competition in goods and services markets and enhancing production, the country's treasury and finance minister said Jan. 3.

"Fight against inflation will be our top agenda in 2020," Berat Albayrak said on Twitter, underlining the year-end inflation rate was below the government's target.

Value added tax (VAT) on furniture has been slashed from 18 percent to 8 percent, Treasury and Finance Minister Berat Albayrak has announced.

Turkey has completed the infrastructure of financing model that will help low income groups and minimum-wage earners to buy homes at favorable terms, Treasury and Finance Minister Berat Albayrak has said.

Turkey and the U.S. are determined to reach a $100 billion bilateral trade volume, said Turkish Treasury and Finance Minister Berat Albayrak on Sept. 9.

The state-owned Ziraat Bank has provided a total of 1.9 billion Turkish Liras (around $346n million) of financing to farmers under the "greenhouse farming loan package" that was launched in February by Treasury and Finance Minister Berat Albayrak.

Growth and employment target set out in the new economic program will be overshot as the economy will show a stronger performance in the second half of the year, Turkish Finance and Treasury Minister Berat Albayrak said on July 5, addressing the 7th Ordinary General Assembly of the Association of Financial Leasing in Istanbul.

Turkish Treasury and Finance Minister Berat Albayrak has welcomed the latest consumer price data, saying that inflation will decline to single-digits in the period ahead.

Turkey's inflation rate will again drop to single-digit levels by the end of the summer months, according to Treasury and Finance Minister Berat Albayrak.