Albayrak: We Are Taking Firm Steps In The Journey Of Economic Transformation

Albayrak: We Are Taking Firm Steps In The Journey Of Economic Transformation Minister of Treasury and Finance Berat Albayrak said, "We are taking firm steps in the journey of economic transformation." Minister of Treasury and Finance Berat Albayrak poster on his Twitter account regarding the economic recovery. Stating that the 'V' type recovery continues in his post, Minister Albayrak used the following statements: “We are taking firm steps forward in our journey of economic transformation with the aim of more production and employment and more export. V-type recovery continues, employment is increasing, export growth continues, the share of domestic vehicles in automotive sales has exceeded 50%.” Commenting on the export data for October, Minister Albayrak noted that despite the pandemic conditions, a period in which exports gain strength day by day and break new records within the scope of the YEP targets. Albayrak pointed out that the ratio of exports to imports, excluding gold, was 95.3 percent, and that imports excluding gold decreased 5.1 percent in the last 10 months. Albayrak noted the following: “At this point, I find it useful to emphasize that a significant portion of our non-standard gold imports is free of charge and does not create a financing need.” Noting that inflation is below February levels despite the cost pressure caused by the pandemic, Minister Albayrak noted that their goal in 2021 is to reduce inflation to a single digit.