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  • 27-10-20

    Turkey's economy will overcome 2020

    (MENAFN) A senior official in Turkey stated on Monday, October 26th, that the economical situation in Turkey is seeing some improvement which has led him to believe that the country's economy will rise above 2020 with minimum damage.

    Industry and Technology Minister Mustafa Varank, during a conference with business officials in Turkey's western province of Denizli, noted that according to extracted information on the production, and manufacturing industry, in addition to exports show very good potential.

    Varank highlighted that demand had started to increase across the nation for new investments, which also led to some improvement in the real estate division, with a 30 percent year-on-year increase for the first eight months of 2020.

    He also indicated that performance in September and October has surpassed the pre-pandemic period: "Electricity consumption in our organized industrial zones is increasing steadily every month."

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