'Turkey to continue progress within free market system'
- Economy
- Anadolu Agency
- Published Date: 03:44 | 02 May 2019
- Modified Date: 04:53 | 02 May 2019
Turkey will develop and grow within the bounds of the free market system, Turkish President Recep Tayyip Erdoğan said on Thursday.
Speaking to the Turkish Union of Chambers and Commodity Exchanges (TOBB) in the capital Ankara, Erdoğan said the country will take all its steps under the framework of the principles of the free market system.
"Whoever creates obstacles to foreign or domestic investors has to answer to me," Erdoğan said.
Turkey is determined to bring down interest rates and inflation to desired targets, he added.
As laid out in Turkey's new economic program announced last September, the country's inflation rate target is 15.9 percent this year, 9.8 percent in 2020, and 6.0 percent in 2021.
"All indicators show that the country is entering an upward trend," said Erdoğan.
After concluding the last in a series of elections this March, Erdoğan said the government is leaving behind the period of polls to focus on action.
"We will use this four-year period optimally. Our preparations for the mid- and long-term programs are largely completed," he said.
Following local, parliamentary, and presidential ballots since 2018, Turkey is set to enjoy over four years without elections.
Erdoğan underlined that the government is concentrating on structural reforms to strengthen the private sector.
Victories against terrorism
Touching on terrorism, Erdoğan said Turkey neutralized over 170 terrorists in April, and last night 12 PKK/YPG terrorists were held in the Aegean province of Izmir.
Turkish authorities often use the word "neutralized" in their statements to imply that the terrorists in question either surrendered or were killed or captured.
Terrorism is not strong in Turkey as it had been in previous years, he said.
In its more than 30-year terror campaign against Turkey, the PKK -- listed as a terrorist organization by Turkey, the U.S. and the EU -- has been responsible for the death of some 40,000 people, including women and children. The PYD/YPG is its Syrian branch.