Minister Albayrak: Brexit does not Affect Turkey

Minister Albayrak: Brexit does not Affect Turkey Minister of Treasury and Finance Berat Albayrak said Brexit does not affect Turkey, answered questions at the international investor meeting organized by Citi. According to the report of Bloomberg HT, Treasury and Finance Minister Berat Albayrak used the expressions, "Let me tell you there is no such thing", in response to the question of capital control at the meeting where he addressed international investors. Stating that actions will be taken to reduce inflation below 5 percent with the steps taken in energy, Minister Albayrak announced that October export data will be high. Minister Albayrak said that the epidemic losses in tourism in Turkey will have an impact on the Turkish lira. Albayrak pointed out that there was also capital outflow from Turkey, reminded that they have seen a similar trend as Russia and Brazil on depreciating currencies. Commenting for Turkey's credit rating, Minister Albayrak also said that the current rating of Turkey matches reality. Albayrak said, “In this period, global companies need a partner like Turkey, neutral against foreign companies, shock resistant, reliable and dynamic.”   “Brexit does not Affect Turkey” At the meeting, Minister Albayrak answered questions from foreign investors about Turkey's risk on Brexit, he said: “The UK is the second largest export market in the EU, after Germany, and our third largest direct investment partner. Aside from what will happen between the EU and the UK, we are meeting with the authorities even if there is a no deal Brexit. Negotiations are going well. We will mutually have better economic relations with Britain in any case, apart from the EU-UK relationship. So in summary Brexit does not affect Turkey. ''   Minister of Treasury and Finance Berat Albayrak, said the following regarding Turkey's economy: “Turkey offers strong production base for investors, trained human resources, its strategic location and logistics infrastructure along with unique opportunities ... Turkey's rapid economic growth, strong and large market with a GDP that tripled in 20 years and the middle class with increasing purchasing power. Turkey, in addition to the Ease of Doing Business Index quickly progress to the forefront, also provides many advantages for foreign investors.”