Albayrak

Firefighting teams are struggling to battle a massive fire that erupted in a two-story commercial establishment and further spread to three adjacent buildings in Istanbul, the local media has reported.

The fire, which broke out on the roof of a sports facility in the Ataşehir district on Sept. 5 for reasons yet to be determined, rapidly escalated with the influence of strong winds.

A CHP branch with a poster asking: "Where are 128 billion dollars?" Photo: CHP Silivri Branch

The CHP has been organising a campaign about the fate the Turkish Central Bank reserves on social media and later put up the banners on its buildings and billboards.

The eyes of the whole world are focused there because of the new, dangerous tensions between Athens and Ankara, RTS writes, referring to the Greek media.
Athens is demanding the deployment of American forces.

The Turkish economy has a strong structure to weather the effects of the fluctuations in the exchange rate level, Treasury and Finance Minister Berat Albayrak has said.

"The exchange rate goes down, it goes up. What is important is that Turkey manages all this volatility in a controlled way," Albayrak said in an interview with private broadcaster CNN Türk on Aug. 12.

Turkey is affected by global capital movements as much as other countries, the finance minister said on Aug. 12, referring to the Turkish lira losing ground. 

"Turkey is affected much less than before from exchange rate volatilities," Berat Albayrak told CNN Turk.

Albayrak stressed Turkey is managing fluctuations in a controlled manner.

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).

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.