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FinancialNews


  • 30-08-18

    Turkish economic infrastructure strong enough to face challenges

    (MENAFN) The Turkish economic infrastructure has sufficient strength for the elimination of challenges, as affirmed President Recep Tayyip Erdogan.

    It comes after the United States decided to slap Turkey with sanctions as well as additional tariffs.

    "They want to put pressure on us by using the economy," the Turkish president stressed in a speech at the Media Oscars Award Ceremony.

    The Turkish lira has been suffering as it begun losing its value against the US dollar following the US move in doubling tariffs on steel and aluminum imports from Turkey.

    During the event, President Erdogan further emphasized "it is impossible for us to step back with such threats."

    Erdogan then added "there are structural problems to be solved in Turkey's economy. We already know them and we are working on the solution."

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