Union of Chambers and Commodity Exchanges of Turkey

Making an assessment after Fitch has raised Turkey’s credit rating to “investable”, Hisarcıklıoğlu stated that, as the Turkish business community, they find this decision to be immensely late.

Hisarcıklıoğlu, drawing attention to the fact that Turkey’s economy broke growth records in 2010 and 2011 following the economic crisis of 2008, said, “It has proven, once again, that it is able to handle the risk of current deficit. Despite being below the average growth rate of the last three years, it has grown by 7% this year. This is the greatest show of the power of Turkey’s economy. As the Turkish business world, we have always put our trust in the Turkish economy. We have always invested in Turkey, increased employment. It is very positive for credit rating organizations to finally to the obvious. We await for other institutions to give Turkey and the Turkish private sector its due.”
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