The program was revealed by the country's Treasury and Finance Minister Berat Albayrak under the theme, 'Transformation begins.'
"Turkey has shown a very impressive resilience, flexibility, and recovered and stabilised from the financial crisis of last summer," says Ed Parker of Fitch Ratings.
Turkey's President Recep Tayyip Erdogan says he can't accept that some countries have nuclear-powered missiles and other states are prevented from having the same weapons.
President Recep Tayyip Erdogan has marked the Muslim religious festival, Eid al Adha by reiterating his determination to fight against terrorist attacks and economic attacks targeting Turkey.
President Recep Tayyip Erdogan said on Thursday he was determined to lower interest rates to targeted levels and described recent comments on falling central bank forex reserves as aimed at creating negative sentiment towards Turkey.
In January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.
Turkey's Treasury and Finance Minister Berat Albayrak unveiled the country's new economic plan that he said will reign in inflation, spur growth and cut the current account deficit.
Turkey's President Recep Tayyip Erdogan said Turkey came under a "heinous economic attack" after statements from the United States. But he said Turkey would weather the attack and stay its course.
China is looking to reshape the global economy in its image. Turkey has a unique role to play in both ensuring the success of the project, and maximising its future economic prosperity.
In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into junk territory. Turkey slams the decision accusing the agency of "incorrect timing."
In spite of multiple political and security crises, including an attempted coup last July, Turkey's economy has proven to be more resilient than many predicted. Analysts say reforms put in place in the early 2000s have helped.
Supported by the sharp drop in food inflation in April, Turkey's consumer price index rises 6.57 percent from last year, providing more space for Turkey's Central Bank to cut interest rates further.
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