08.11.2024 Ankara

The General Administrative Board Meeting of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) was held at TOBB Twin Towers with the participation of Vice President Cevdet Yılmaz.

In his speech here, TOBB President M. Rifat Hisarcıklıoğlu said that communication between the public and the real sector should be kept strong.

Pointing out the importance of adopting a management approach that emphasizes consultation and thanking Yılmaz for this, Hisarcıklıoğlu said, “In this critical period we are going through, we need to understand each other better, share our ideas and develop empathy among us in order for the economic program to succeed.”

Pointing out the importance of stability and clarity in macroeconomics as a prerequisite for a high and stable growth process and an attractive investment environment, Hisarcıklıoğlu said: “We gladly follow and support the steps and decisions taken by our public administration in this direction under your coordination. We see the recent stability in money markets and the Turkish lira, the improvement in the foreign exchange balance, the decline in the credit risk premium and the increases in the sovereign credit rating as a result of this. With the rational policies you have implemented in the last 1.5 years, the accumulated risks and fragility factors in the economy have been reduced to a great extent.”

Underlining that Türkiye is the only country to have received a rating increase from all three credit rating agencies this year, Hisarcıklıoğlu said, “Of course, in the next stage, there are additional steps we need to take both to increase social support for the economic program and to start a brisk growth process again.”

The meeting continued closed to the press after the speeches.