Turkey has prepared a new program of financial cooperation with the TRNC
The new financial cooperation program between the Republic of Turkey and the TRNC will amount to approximately 14 billion lira. This was stated by the Vice President of Turkey, Cevdet Yılmaz.
The Turkish politician reminded that the program implemented last year amounted to about 9.5 billion lira.
"We have very important projects ahead of us," said the Vice President of Turkey.
Cevdet Yılmaz also made a number of statements regarding the economic situation in Turkey itself.
"The upgrade of Turkey's credit rating by Fitch Ratings from 'B' to 'B+' and the rating outlook from 'stable' to 'positive' once again shows that Turkey is in a position it does not deserve," the politician noted.
He also emphasized that the Turkish authorities give priority to fighting inflation, for which a strong program has been implemented in the country, including monetary, fiscal policy, and structural reforms. Visible effects in terms of reducing inflation on an annual basis "will be observed in June-July".
"We will see significant effects in the second half of 2024. In 2025, inflation will return to a single-digit level. We will achieve this and are fully determined in this matter," said Cevdet Yılmaz.
You may also be interested in:
- Ministry of Interior announces start of applications for social housing in the Güzelyurt region
- Every second café, bar and restaurant in Northern Cyprus has closed in the past 5 years
- TRNC citizens, relatives of martyrs, veterans and their families to fly to Turkey with 50% discount
- Funeral costs soar in Northern Cyprus
- Young people in the TRNC are less prone to harmful habits such as smoking, alcohol, drugs and gambling compared to Europe and Southern Cyprus
