Berat Albayrak

The total volume of the investment funds in Turkey has exceeded 150 billion Turkish Liras ($22 billion), and the number of people and entities investing in them has reached 3.1 million, according to the Settlement and Custody Bank of Borsa Istanbul (Takasbank).

The Turkish economy is expected to bounce back to a record 5 percent growth next year after contracting 3.8 percent in 2020, the Work Bank said in the latest issue of Global Economic Prospects report.
"The economy is expected to return to growth in 2021, on the back of gradual improvement in domestic demand," the bank said on June 8.

Turkey will continue to back investments that will reduce imports and increase exports, said Berat Albayrak, the country's treasury and finance minister, on June 8.

Turkey is working on a comprehensive "employment shield" package to support jobs in the face of the coronavirus fallout, said the country's treasury and finance minister on June 5. 

Berat Albayrak told journalists in Istanbul, the country's commercial capital, that the issue of employment will top Turkey's normalization efforts.

The Turkish government is making preparations for an economic package to boost employment, Treasury and Finance Minister Berat Albayrak has said.

"The Family, Labor and Social Services Ministry is in a very comprehensive study on employment. We will also provide coordination support," Albayrak said on June 5 at a meeting with media members and economists.

The three largest Turkish state-owned banks have unveiled new advantageous loan packages in four categories in a bid to help stimulating the economy as the country relieves the effects of the coronavirus pandemic.

Turkey is seeking to end 2020 with a positive economic growth rate despite negative forecasts due to the coronavirus crisis, the country's treasury and finance minister said on May 27. 

Turkey will be one of the least affected countries by the coronavirus outbreak in employment and growth, Berat Albayrak told national broadcaster TRT.

Turkey is set to enter a new period in which domestic production will be prioritized, said the country's treasury and finance minister on May 20. 

"We will further protect and support all of our industrialists who take responsibility for domestic production," Berat Albayrak said in a virtual meeting with top Turkish business officials.

The swap deal limit between the central banks of Turkey and Qatar has been amended to $15 billion equivalent of the Turkish lira and Qatari riyal.

According to a statement from the Turkish Central Bank (CBRT) on May 20, the move aims to facilitate bilateral trade in respective local currencies and to support the financial stability of the two countries.

The worth of Turkey's Economic Stability Shield package launched to curb economic fallout from coronavirus has hit 240 billion Turkish liras ($35 billion) so far, the treasury and finance minister said on May 13.