Government of Turkey
Turkish President Recep Tayyip Erdoğan on Nov. 30 again rejected the idea of raising interest rates.
"With the new economic model, we reject out of hand the policy of attracting hot money with high interest rates," Erdoğan said in an interview on state TV.
"We will support production and exports with lower rates," Erdoğan stated.
Main opposition Republican People's Party (CHP) leader Kemal Kılıçdaroğlu on Nov. 30 called on the government to take steps to ease the loan pressure on farmers and tradesmen.
"Agricultural Credit Cooperative is choking the farmers with 71 percent interest," Kılıçdaroğlu said, speaking at the CHP's parliamentary group meeting.
Metin Gürcan, a founding member of the opposition Democracy and Progress Party (DEVA), has been arrested and sent to prison over political and military espionage pending trial.
Gürcan, a former soldier, was detained on Nov. 26 in Istanbul as part of an investigation launched by the Ankara Chief Prosecutor's Office.
Turkey delivers the first phase residences and shops to the earthquake victims in the western province of İzmir, President Recep Tayyip Erdoğan said on Nov. 26.
"After the İzmir earthquake, we decided to build a total of 5,074 residences and 353 shops. We promised to start delivering them within a year," Erdoğan said, attending the earthquake housing delivery ceremony in İzmir.