From Cevdet Yılmaz to the bosses: We can give credit for good news in a few months

The President of the Istanbul Chamber of Commerce (ITO), Şekib Avdagiç, stated that access to finance was one of the most important issues on his agenda at the meeting held with the participation of Vice President Cevdet Yılmaz, saying, “We hope that quick steps will be taken in the coming periods in terms of access to finance, which is the most important need of the business world, with arrangements to be made by both the Central Bank of the Republic of Turkey (CBRT) and other institutions.” saying.

Cevdet Yılmaz attended the Consultation Meeting with Representatives of the Business World held at the Dolmabahçe Labor Office. After the meeting, which was closed to the press and lasted for about 3 hours, the representatives of the business world made statements to the journalists.

Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated that they had a very productive meeting, saying, “The Turkish business world has some daily expectations, it has problems, there are problems waiting for solution. We share all of this with them very openly and clearly. Our Vice President already has a very important economic baggage. Therefore, he has serious experience in closely following these problems, perceiving them and producing quick solutions. In this sense, we had the opportunity to make very accurate and results-oriented analyzes on the issues that are on the agenda today”. saying.

‘THE MOST IMPORTANT ISSUE IS ACCESS TO FINANCING’

Emphasizing that access to finance was one of the most important issues on his agenda at the meeting, Avdagic said:

“Especially, this topic has been raised by the heads of many institutions, including myself. We hope that with the arrangements that will be made by both the CBRT and other institutions in the coming periods, rapid steps will be taken in terms of access to finance, which is the most important need in the business world at the moment. Apart from that, issues such as increasing exports, developing industrial policies, reviewing employment-related processes, and attracting foreign capital to Turkey more quickly and effectively were high items on the agenda. For this reason, like all presidents, we had the opportunity to bring up all the issues that are currently on our agenda. We also received information from them that this meeting will continue.”

Expressing that they hope that the tables related to the improvement of the investment environment will be convened, and that the meetings that bring together economic actors and state officials, which have not been held much in recent times, will give them hope and continue, “Therefore, we hope that these issues will be resolved quickly and the expectations of the business world will be gradually met.” saying.

‘NEEDS ARE PREDICTABLE’

Nail Olpak, Chairman of the Board of Foreign Economic Relations (DEİK), said the topic of the meeting was the Medium-Term Plan, which is expected to be announced in September, and Istanbul.

Stating that they have to be aware of the existence of problems and resolve them during these processes, Olpak made the following assessments:

“We have to figure it out together with the public, the business world and the employer. But on the other hand, we have to focus on opportunities. In the meeting we not only express our problems but also our suggestions. ‘What’s that?’ I generally prefer to use the following expression; Predictability is at the forefront of the needs of the Turkish business world right now. In other words, the economy is a management of expectations. According to your expectations, our individuals, you, us and our companies spend, invest or save. If we can do this management of expectations, predictability, our economic management well, which has been managing this scenario well up to now. As an example, we care about the photo that our Governor of the Central Bank and our Minister of Treasury and Finance gave together”.

Olpak also stated that the meeting also evaluated the green transformation, how the financial consequences of the earthquake can be eliminated, the steps to be taken in relations with the EU and the duties of the business world. saying.

President of the Turkish Exporters Assembly (TİM), Mustafa Gültepe, stated that today was an important and beautiful meeting, saying, “Vice President Yılmaz listened to the problems, plans and projections, and our ideas about the present and the future. In the Medium Term Plan to be announced in September, we explain what should be considered. We think that it will be very beneficial to make plans and programs making fewer mistakes and touching all sectors. Consultation and common sense is the working system that will leave its mark on the future of Turkey.” he used the phrases.

TAX REFORM AND CREDIT APPLICATION

Mahmut Asmalı, President of the Association of Independent Entrepreneurs and Industrialists (MUSIAD), stated that the meeting was very beneficial, saying, “Vice President Yılmaz received the views of the public and private sectors regarding the Medium-Term Program which will be announced in September. It was a meeting of almost 3.5 hours. Very useful topics were discussed. What all the speakers said was carefully noted.” saying.

Stating that the public was under a great burden with the problems experienced during the earthquake and the promises made before the elections, Asmalı said that “it is right to share it fairly among all segments as a requirement of social solidarity”, saying:

“In that context, we said that ‘tax increases should come naturally.’ As we were doing all of this, we expressed to you that comprehensive tax reform is needed. He also took notes. We said that those who earn a lot pay more taxes, those who earn less pay less taxes, and there should be direct taxes instead of indirect taxes. They also pointed out that a tax reform of this type should be carried out. He mentioned that after the local elections, Turkey will open a big window of opportunity for a 4-year election-free period, that Turkey needs to work hard to get the status of high national income countries, and that the first 2 years of these 4 years are very important. He said that the social and economic council meetings could resume. He invited us to the meeting of the Coordination Table for the Improvement of the Investment Environment on August 15. In this sense, it was a very productive and complete meeting.

As a business world, we had the opportunity to talk about the problems that we are currently experiencing in the sector. The first of these is the problem of access to financing. Almost every speaker has expressed this. We say that a sudden stop on credit taps will also lead to stagnation, that this will have different consequences, and that the transition should not be too harsh. After a few months, he said that he could give good news to industrialists and investors, especially in terms of access to finance”.

TESK REQUESTED A STEP BACK IN VAT AND SCT

TESK President Bendevi Palandöken stated that the retail trade law must be enacted, rules must be established to eliminate price increases, and that prices will not decrease unless a rule is established, adding: “We have expressed our demands for the reinstatement of the SCT on food products, especially cleaning products, and the reduction of VAT.” saying. (AA)