No deviation from 2013 economy targets due to Gezi incidents

Stating that Turkey's macroeconomic foundations are currently strong, Finance Minister Mehmet Simsek said that no additional steps or policy changes are on their agenda for 2013. Answering questions of the press in the ceremony for the protocol signed between State Supply Office and Small and Medium Scale Enterprises Development Organization (KOSGEB), Simsek expressed that the perception of Turkey resulting from Gezi Park incidents can be shortly enhanced and the economy would not suffer from a persistent damage. Simsek stated that the developments in FED's policies should be well evaluated, as well as Gezi Park incidents which will have a very limited impact on the Turkish economy. "FED's announcements on the basic policy changes in monetary policy, and their implications on global economy will be far more serious. For the time being, there is no reason to make a change in terms of budget targets or growth," said Simsek, who also stated that failure to open a new chapter in EU negotiations would not have an impact on economy.