Moody´s: Turkish reforms promising

Moody`s, one of the biggest rating companies based in the US, reported that Turkey had a successful start in a promising campaign aimed at cutting inflation, and interest rates with economic reforms. The company also reported that the credit note of Turkey would be raised within a year as long as Turkey keeps the resolutions it has made concerning economy policies.
In the latest study carried out by Moody´s concerning Turkey, it was stated that the government was taking steps in the right direction, and that the political face of Turkey was beginning to improve, an that this improvement helped change the economic problems previously encountered by the country.

Vigorous privatising

It was stated in the report that the desire to gain acceptance into the EU was more the driving force behind these reforms rather than the three-year stand-by agreement recently signed between Turkey and the IMF. The amendments in the constitution allowing for international arbitration as well as the announcement of the Candidacy of Turkey to the EU will be factors attracting foreign investment into the country, especially in the energy and telecommunication sectors, the study said. Moody´s commented that Turkey had so far not been successful in its policies to combat inflation because the previous governments had not been powerful enough to do so. But the coalition presently in power, the report said, was in consensus and had the determination to bring down interests and inflation.
While Moody´s did not change