20.05.2020 Ankara
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President Rifat Hisarcıklıoğlu stated that normalization has begun to be talked about thanks to the measures and supports implemented in the economy, “We are ready to stimulate the economy and start turning the gears again.”
TOBB
Economic Meeting, which was held with the participation of 365 chambers and commodity
exchange heads and 61 sector council presidents under TOBB, was conducted via videoconference
in accordance with the measures implemented in regards to the Covid-19
outbreak.
Hisarcıklıoğlu
stated that, thanks to the steps taken by Treasury and Finance Minister Berat
Albayrak who attended the opening of the meeting, throughout the Covid-19
outbreak process, these troubles will be left behind with minimal damage and the
economy will begin the process of regrowth.
“Normalization
has begun to be discussed thanks to the measures and supports implemented in
the economy,” Hisarcıklıoğlu said, TOBB came together from the first day, making
the necessary contribution to identify and solve problems.
Hisarcıklıoğlu
stated that the information they received from the field is quickly
communicated to the government, Minister Albayrak bringing the majority of them
to completion.
Noting
that throughout this process, the banking system put into operation credit
packages, the Credit Guarantee Fund doubled its bail capacity, tax-SGK
postponements, short work allowance, businesses were saved from a significant
burden, Hisarcıklıoğlu emphasized that this dynamic process was managed
successfully.
Hisarcıklıoğlu
stating that this was considered a 3-month break on the path to reaching Turkey's
goals, said:
“We
are ready to stimulate the economy and start turning the gears again. At this
point, my chamber-commodity exchange and industry council friends have prepared
a very nice work in relation to the necessary measures and supports. You've
shown that challenges can be overcome through public and private sector co-ordination.
Under our President Recep Tayyip Erdoğan and your leadership, we will continue
the global race where we left off by overcoming all these difficulties.”
- Minister Albayrak
Treasury
and Finance Minister Berat Albayrak said, “We are entering a process where we can
witness historical opportunities and produce more effectively in all areas. If
we can properly evaluate our production capacity, there will be a period in
which we will write a brand new and lasting story in the economy.”
Albayrak,
noting that the effect of the Covid-19 epidemic which is affecting the whole
world and dealing a heavy blow to the global economy, is declining day by day,
said that all data shows a steady approach to normalization.
Albayrak
stated that the protection they provide with Economic Stability Shield to all
our citizens, especially after Covid-19, and said they are working diligently
in preparation for the post-outbreak period in the best way.
Minister
Albayrak, noting that they mobilized all necessary supports for tradesmen,
industrialists, SMEs’ liquidity needs, said, “Allah willing, in the process of
normalization, we will continue to take our steps quickly, considering that the
next period is 'the new normal.' I think the economy will adapt quickly to the
new normal. The review of supply chains in the global system will consist of
the creation of alternatives in the fields of production, and health
infrastructure becoming a priority in all areas from investments to tourism.
Turkey will be even brighter in the world with its strong production
infrastructure, young and trained human resources, business world and advanced
industry which adapts rapidly to global changes.”