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Accelerating Urban Transformation and Reviewing Rate Policy to Address Turkey’s Ongoing Decline.

by John Pierce
July 3, 2023
in Business
1 min read
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President Recep Tayyip Erdogan said on Friday that Turkey has rebuilt 3.3 million homes under urban transformation projects and that these projects will gain more speedespecially in Earthquake-risk Regions.

Erdogan emphasized that they both raised the quality of life of people with the steps they took in Every field, from transportation to energy, they originated in Türkiye with investment, employment and production.

He said they made a quick turnaround with their infrastructure and housing in which country it is facing Numerous disaster risks from earthquakes to fires, from floods to landslides.

“We have so far renovated 3.3 million homes with urban transformation and built 1.2 million homes…with contributions of our private Sector, we have brought our country to an end good level in this area compared to what it was 20 years ago. But we do not see this as sufficient. especially in Istanbul, we are accelerating urban transformation in Places with Strong earthquake risk,” He said.

Erdogan revealed it half of the cost of Those who wished to rebuild The state will cover their homes.

“we should do not forget to way To get rid of We trouble experience in Our daily life is the development of our country, the increase in production and employment … as we are removed all obstacles in Before of Türkiye one by oneWe’ll have inflation issue under control by the end of this year We will solve it completely next year. “

Erdogan also Note that low interest rate policy will not change. And you will see that inflation will happen decrease for along way with interest rate. “

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