Berat

Sliding in opinion polls amid a severe economic crisis and a surge in coronavirus infections, President Recep Tayyip Erdogan of Turkey is looking unusually embattled these days. And now his administration has been hit by a roiling corruption scandal that some say has a fin de siècle aura about it.

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.

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.

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.