Opportunity for Türkiye: Business people see the 4-year election-free period and stability as an opportunity for Türkiye

Opportunity for Türkiye: Business people see the 4-year election-free period and stability as an opportunity for Türkiye


With the March 31 local elections behind us, Turkey’s primary agenda will be the economy. Fighting inflation, solving the current account deficit problem, high value-added production and sustainable growth; It is among the main focus topics of economic management. Turkey will have a period without elections for 4 years; It offers great opportunities to move up the economy. Pointing out that it is necessary to focus on structural reforms for permanent prosperity and strong stability, business world representatives emphasized that they will provide all kinds of support to the steps to be taken to achieve Turkey’s goals.


Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated that the focus should be on the economic program being implemented after the elections. Avdagiç said, “The coming period should be evaluated very well for a permanent, sustainable and rational fight against many problems, especially inflation and the implementation of structural reforms. In this way, Turkey, where conflicts and wars are rampant around, will become a safe haven with its stronger economy and democracy.” “As the business world, we will continue to invest, produce, export and employ with all our strength, with the awareness of our responsibility,” he said.


Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), stated that there is a lot of work to be done in the economy and said, “We must focus on the fight against inflation with all our strength. The fight against inflation will be more successful in the coordination of monetary and fiscal policies. Price stability and financial stability and predictability will be strengthened. Thus, “Investments with high technology content and added value will increase,” he said.


Turkish Exporters Assembly (TİM) President Mustafa Gültepe stated that they believe that the message from the ballot box will be read in the best possible way and steps will be taken to strengthen the economy. Underlining that exports play a locomotive role for the Turkish economy, Gültepe said, “I believe that the next 4-year period without elections will be used in the best way and that we will reach and exceed the target of 375 billion dollars in goods exports and 200 billion dollars in service exports in 2028.”

Nail Olpak, President of the Foreign Economic Relations Board (DEIK):

As representatives of the Turkish business world, our aim, as always, will be to work harder to contribute to the development and welfare of our country and to produce more added value for our future. In this process, it is very important for our future that all steps to be taken, including structural reforms, especially the fight against inflation, are taken as soon as possible and decisively.

Ankara Chamber of Industry (ASO) President Seyit Ardıç:

We will continue to resolutely continue our work for the economic, social and cultural development of our capital and our country by further strengthening our cooperation with our local governments. I wholeheartedly believe that they will continue to support us in achieving our goal of ‘From the industry of the capital to the capital of industry and technology’.

Güler Sabancı, Sabancı Holding Chairman of the Board of Directors:

The 4-year period without elections ahead of us is a great opportunity for a Turkish economy that has reduced its inflation, established its macro balances, and is ready to return to the path of sustainable growth. We have tremendous potential as a country. We all have important duties to make this a reality.

Ankara Chamber of Commerce (ATO) President Gürsel Baran:

In order to remove the obstacles to the progress of the Turkish economy, solve the problems and ensure permanent development, structural reforms, especially the tax issue, should be implemented. We expect positive steps to be taken to revitalize commercial life in Ankara, to develop tourism types, especially health, and to facilitate transportation to the airport, especially the metro line.

ORSİAD President Levent Çamur:

We have to give all our strength and energy to the job. While we are going through a difficult process, everyone needs to take responsibility. As the business world, our expectations in the post-election period are; improving the investment environment, facilitating access to finance, narrowing the inflation exchange rate gap and establishing the inflation-interest balance.

We hope that this will be a period in which cooperation between the central government and local governments is strengthened in all matters, especially disaster management. After the local elections, we must work together to achieve the goal of a more developed, respected, fair and environmentally friendly Turkey by rapidly focusing on structural reforms that will strengthen our economy, democracy and legal system.

We are determined, we are determined, we will succeed

The first messages regarding the economic policies to be implemented in the post-local election period have arrived. Economic staff hastily gave the message that local elections will not affect monetary policy and savings measures. It was stated that development measures based on investment, production, employment and exports will continue.


Minister of Treasury and Finance Mehmet Şimşek emphasized that they will continue to strengthen and implement the Medium Term Program (MTP) announced in September 2023 with determination. Şimşek said, “In order to permanently reduce inflation to single digits, which is our main goal, we will prioritize savings by controlling public spending in addition to tight monetary, selective credit and income policies. We will achieve efficiency and competitiveness by transforming the economy with the structural reforms we will implement in accordance with the schedule announced in the MTP.” “We will ensure this increase. Thus, the permanent increase in welfare that we will achieve by achieving our goal of sustainable growth will be shared by all segments of society. We are determined, we are determined, we will succeed,” he said.


Minister of Industry and Technology Mehmet Fatih Kacır also stated that they will take stronger steps for growth with the National Technology Move and value-added production. Kacır said, “We will make more efforts to gain the appreciation of our people with reforms, investments and projects.”

The blessings of growth will be shared fairly

Vice President Cevdet Yılmaz stated that the fight against inflation, both economically and socially, is their main priority and said, “We will achieve this by resolutely implementing our Medium Term Program (MTP) that we announced last year.” Reminding that on the way to achieving higher goals in democracy and development, we have entered a vitally important period of more than 4 years without elections, Yılmaz emphasized that during this period, they will heal the wounds of the earthquake and prepare the cities for the future in a much more resilient way.


Cevdet Yılmaz continued as follows: “As of the second half of this year, we will begin to clearly see the results of our fight against inflation. Thus, we will prevent the wage increases from dissolving over time and provide a permanent increase in welfare. Our aim is to grow in democratic stability and to fairly reflect the blessings of growth to all segments of society. ”


Minister of Commerce Ömer Bolat also stated that in line with the goals of increasing the welfare of the people and further strengthening the Turkish economy; He underlined that they will continue to work non-stop for sustainable growth focused on investment, production, employment and exports. Minister Bolat said, “We will work together with all actors of the economy and business world and our people towards the development of our country and the goal of the “Turkey Century”.”


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