Turkish President Recep Tayyip Erdogan is holding a meeting with representatives of the world’s largest companies in New York on Monday to discuss investment opportunities in his country.
The Turkish newspaper Daily Sabah reported that “the meeting, scheduled to be held on September 23, will be attended by representatives of 20 of the world’s 100 largest companies.”
The newspaper added, “An investment conference will be held at the headquarters of Goldman Sachs investment bank in Manhattan, with the participation of Turkish Finance and Treasury Minister Mehmet Simsek and Central Bank Governor Fatih Karahan.”
The newspaper reported that “the Turkish government expects to increase trade with the United States to $100 billion, and to achieve this goal, it is planned to expand cooperation between the two countries in the fields of energy, climate and equipment manufacturing.”
According to the report, the volume of Turkish-American trade in 2023 amounted to about $33.5 billion, of which $14.8 billion were exports from Türkiye.
There are about 2,000 American companies operating in Türkiye, and the total investments of these companies amount to 15 billion dollars, and the investments of Turkish companies in the United States amount to 11 billion dollars.
The Turkish government hopes that annual inflation will fall below 50% in September.
In August, inflation slowed sharply, to 51.97% from 61.78% in July.
Meanwhile, the Turkish Central Bank did not change the key interest rate for six months, remaining at 50%.
According to the Central Bank’s Deputy Governor, Osman Akcay, “the regulator does not plan to cut it yet, as a stable decline in inflation will be a prerequisite for a rate cut.”
Last updated: September 23, 2024 – 14:29
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2024-09-24 13:46:34