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Aug 14 2018

Turkey’s Albayrak to talk to investors amid crisis

Turkish Economy and Finance Minister Berat Albayrak will hold a teleconference with investors on Thursday as the government seeks to convince foreign financial institutions that it can overcome an emerging economic crisis.

Albayrak, the former energy minister who is also the son-in-law of President Recep Tayyip Erdoğan, will speak to between 750 and 1,000 investors at 4 p.m. Turkish time, Turkish media including Hurriyet newspaper reported.

Deutsche Bank, Citigroup, DOME and HSBC are organising the event, Hurriyet said.

Albayrak held a news conference in Ankara on Friday to outline the government's plans for the economy under Erdoğan's strengthened presidential system of government. The lira has slumped against the dollar since, after U.S. President Donald Trump doubled tariffs on Turkish steel for Turkey's internment of Americans.

Albayrak has not held meetings with foreign investors since he was controversially appointed in early July.