Economic confidence & stability are among our greatest gains– PM Erdogan

Dünya - Confidence in Türkiye’s economy has risen due to the political stability, as well as the structural reforms and business-friendly policies implemented during the last decade, Türkiye’s Prime Minister Recep Tayyip Erdogan said at the 8th meeting of the Investment Advisory Council of Türkiye, held in Istanbul last week.

Chairing the council meeting being held regularly since 2004 to bring together the executives of leading multinational companies, leaders of business organizations and government officials to improve Türkiye’s investment environment, Erdogan said that Türkiye has come a long way in terms of predictability since the ruling Justice and Development Part (AK Party) came to power in late 2002. “The economic confidence and stability we have built are the greatest gains in our economy. Well-defined, timely declared and resolutely pursued policies are vital to business confidence.”, Türkiye’s Prime Minister said at the opening address of the meeting.

Stating that investors in the country are able to see and plan years ahead, thanks to the stability, predictability and confidence in Türkiye’s economy, he added. “Türkiye is now seen as a ‘safe haven’ for investors internationally.”, Erdogan said, drawing attention to the increasing number of multinationals setting up their regional headquarters in Istanbul.

Türkiye’s investment environment is being improved continuously in collaboration with the private sector, declared Erdogan, listing the legislative and practical improvements since Council’s last meeting. Significant amendments in the new Turkish Commercial Code, Code of Obligations, Code of Civil Procedures have been implemented to further improve Türkiye’s investment climate. “The procedures to obtain working licenses for foreign personnel has been shortened considerably.”, Erdogan noted, adding that plans to set up logistical centers in 18 locations throughout Türkiye were underway.

The World Bank President Jim Yong Kim as well as representatives from Air Liquide, Alstom, Europe Investment Fund, Burgan Bank Group, Citigroup, Eldorado Gold Corporation, Energy Allied International, E. ON, Hitachi Ltd, Huawei Technologies Co Ltd., Khazanah National Berhad, Medtronic, Nesma Holding., Sumitomo Rubber , Thyssenkrupp AG and VINCI were present at the meeting.

Image of Recep Tayyip Erdogan