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InvestmentsTurkey to open 1,000 new markets to counter inflation, Erdogan says By...

Turkey to open 1,000 new markets to counter inflation, Erdogan says By Reuters


¬© Reuters. Turkey’s President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer season recess in Ankara, Turkey, October 1, 2021. Murat Cetinmuhurdar/PPO/Handout by way of REUTERS

ISTANBUL (Reuters) – Turkish President Tayyip Erdogan mentioned on Sunday the federal government had ordered cooperatives to open about 1,000 new markets throughout the nation to present “suitable” costs for shopper items, as annual inflation rises towards 20%.

“These are places where prices are suitable to our citizens’ budgets,” Erdogan mentioned after visiting an agricultural cooperative outlet in Istanbul, including that the deliberate new shops would assist stability out markets.

“We gave the order for about 1,000 of these businesses to open around Turkey, starting at 500 square-meters each,” he instructed reporters.

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