Over $ 15 Billion Portfolio Inflow to Turkey

President Recep Tayyip Erdogan made statements regarding the economy. Erdogan said, “There has been a Portfolio inflow of over $ 15 Billion to Turkey in recent months.”

President Recep Tayyip Erdogan, made statements on Turkey's economy. Erdogan said, “There has been a Portfolio inflow of over $ 15 Billion to Turkey in recent months.” Emphasizing that it is understood how important production and product diversity are during the coronavirus epidemic process, President Erdogan added the following words to his statements: “During the epidemic period, we saw the importance of research and development in production, export and trade, market and product diversity as well as strong health infrastructure. With the increase in vaccination, the stones will settle down as the epidemic declines worldwide, and the momentum achieved by our country will increase even more.” Erdogan said, “Turkish companies differentiate themselves with their quality products, competitive prices and reliability against their competitors. Our country's share in global exports exceeded 1 percent for the first time as of the January-October data of last year and reached 1.03 percent. The number of companies founded in 2020 increased by 20 percent despite the outbreak has reached 101 thousand 318. Investors who rely on Turkey will continue to earn from now on as they did until today. In addition, we continue to update our Customs Union agreement with the European Union.” Stating that they aim to achieve a quality growth structure for the country's economy, Erdogan said, "We aim for our economy to achieve a long-term sustainable and quality growth structure. We have left behind an intense preparation period regarding our reform agenda. We will soon share our comprehensive reform package with the public. We will make Turkey an important player in the value chain.” Erdogan also said, “One of our main goals in the economy this year will be to maintain price stability. I am absolutely against high interest rates. I know our friends are angry, but sorry, if I am the president of this country, if I am the president, I will continue to explain this. Because I do not believe that the country will develop with high interest. I believe that thanks to the trust and stability we will build, we will significantly get rid of the great interest burden.”