Union of Chambers and Commodity Exchanges of Turkey

TOBB President Hisarcıklıoğlu gave the following views in his assessment:

“In the New Economy Program (YEP) announced by the Treasury and Finance Minister Mr. Berat Albayrak, realistic measures and objectives have been set by accurately identifying and diagnosing the situation and global developments in the economy.

The focus on entrepreneurship, technology and high value-added domestic production by highlighting the private sector in the program, the goal of high growth of 5% and above during the program period (2021-2023) has given excitement and morale to our private sector.

We also welcome continued steps to support the real sector, SMEs, manufacturers and investments.

The planned steps will carry Turkey to the centennial anniversary of our Republic. We think it will be a roadmap for 2023, to guide the return to the new normal and adapt, thereby transitioning to a strong and stable growth process.

We believe that the program will give us a clearer view and momentum for economic activity and bring our country forward on a global scale during this period of global upheaval.

Turkey will hopefully become a more competitive, higher value-added, stronger economy that will grow by an average of 5% per year through the change and the transformation it will implement decisively throughout this process will gradually lower inflation, strengthen financial stability, achieve significant success in its current balance and increase employment.

We, as the Turkish business community, will continue to work with all our strength in line with our country's goals."