Call of bosses to open the credit faucets

After the elections, the business world is waiting for the new economic road map and economic management, and demands that the credit faucets be opened as a first step. While it was pointed out that the credit card restrictions created a big problem, it was emphasized that the fight against inflation would determine the whole course and if the speculative capital did not arrive, a return to 3-digit inflation would be possible.

DOMESTIC DEMAND

Speaking at the meeting held at this year’s 22nd Retail Days, Chain Stores Association President Serhan Tınastepe pointed out that one of the most serious problems in the industry is access to finance. Stating that the credit part of the financial system was blocked in the inter-election period, Tınastepe said: “These are factors that will create the risk of a contraction in domestic demand. Our first priority is to remove this deadlock with the right decisions with the right steps as soon as possible and avoid credit crunch.”

Noting that the evolution of the economy is important to be able to enter 2024 without any loss, which defines 2023 as ‘the year without profit’, he said: “No company could obtain a loan from any bank on the eve of the elections. . Opening the taps is important for new investments,” he said. Noting that they attach great importance to the exchange rate and interest balance, Demirer said, “We believe that the next direction of the exchange rate and the parallel progress of interest rates over a certain period will be the right economic program.”

Nuri Hatcı, Chairman of the Shopping Center Investors Association, said: “The rate of foreign investors decreased from 28 to 20 percent in 5 years. In this sense, it is important to ensure economic stability, especially to reduce inflation.

Inflation could reach 3 digits

Hüseyin Altaş, president of the Turkish Federation of Shopping Centers and Retailers, stated that they expect growth despite inflation. Explaining that it is very important to find hot money here in the future, Altaş said that if it is not found, inflation can reach 100 percent. Altaş said that if the money is available, inflation could drop to 15-20 percent. United Brands Association President Sinan Öncel noted that the industry has entered a growth trend after the pandemic, but loans are the biggest problem.

I have trouble growing

Alp Önder Özpamukçu, president of the Association of Food Retailers, said that the sector, which operates with a net profit margin of 2 percent, is the most important factor in the fight against inflation. Pointing out that cost increases continue in the sector and there are losses in sales in terms of quantity, Özpamukçu continued as follows:

“When we look at this year, I see that there will be problems in the growth of the quantity. Inflationary environments create a picture of growth. When we look at what’s going to happen in the next term, expect the brakes to come on a bit.”