(MENAFN- The Peninsula) The new Turkish government will pursue policies aimed at boosting the country's economic growth potential while monetary policy will focus on stepping up the struggle against inflation in the period ahead, its programme said yesterday.
Outlining its plans after Ahmet Davutoglu took over as prime minister last week, the government said monetary policy would also support growth and employment, on the condition that this did not contradict the goal of achieving price stability.
According to the text of the programme, released on the prime minister's website, the central bank would continue to set monetary policy independently while structural measures would be taken to narrow the current account deficit.
"We will follow a line which will increase growth potential, creating solutions to problems in the economy with a long-term view," said the programme, read out by Davutoglu in parliament.
Taiwan's first budget airline set for maiden flight
TAIPEI: Taiwan's first budget airline said yesterday it was scheduled to launch its maiden flight later this month, tapping into the robust demand for cheap travel in Asia.
Tigerair Taiwan - a joint venture by China Airlines, the island's leading air carrier by fleet size, and Singapore's low-cost carrier Tigerair - is slated to start its service on September 26 with a flight to Singapore from Taiwan.
The announcement came after a brand new A320, the company's first aircraft, flew from France to the northern Taoyuan airport early Sunday morning.
"The arrival of the plane is a milestone in the company's operation," company spokesman Eric Lee said.
"We'd open up to three other flight routes to the Southeast Asian region after October," he said, adding that the air carrier also plans to begin flights to South Korea and Japan from the first quarter of 2015.
Tigerair Taiwan, 90 percent controlled by China Airlines with the remainder held by Tigerair, plans to introduce a fleet of 12 A-320s in three years.
Taiwan's TransAsia Airways has also announced the formation of a low-cost carrier called "V air", expecting the subsidiary to become operational in the final quarter of this year.
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