Our CEO attended the award ceremony for 'Stars of Export'.
Addressing businessmen, Zafer Çağlayan stated that there is an attempt to help out countries that no longer have a respectable economy through misgrading.
Minister Çağlayan said: “Current account deficit was an extremely important matter for Turkey. Credit rating agencies lowering Turkey’s credit rating and misgrading countries with worsening economies attempt to strike Turkey for its current account deficit. Thankfully, their reputation does not hold anymore. No country takes notice of this. Because they are not being honest against Turkey. Unfortunately, they are being hypocritical. While they raised the credit rating of bankrupt Ireland and Greece, which will never recover, they lowered
Turkey’s credit rating. Turkey faced a current account deficit that is lower than expected. Our current account deficit was 77 million dollars in 2011. With a decrease of 28.2 million dollars, it dropped to 48 million dollars in 2012. Today, we brought our current account deficit to a level that is globally accepted