Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu evaluated the referendum


16.04.2017 / Ankara



TOBB President M. Rifat Hisarcıklıoğlu evaluated the referendum results. Stating that a major source of uncertainty is behind us with the completion of the referendum process, Hisarcıklıoğlu said the following:​

“Once again democratic process has been implemented in Turkey; national will has manifested itself and the nation has made its choice. With the new system, it will be possible to make decisions and execute faster.


We expect an acceleration of the workings of the state and reflections of this in the private sector. A major source of uncertainty is behind us with the completion of the referendum process. The private sector will be able to better forecast and invest more comfortably in future.


As Turkey, we have shown great economic development in the last 15 years. We raised from 3,000 USD to 12,000 USD per capita income. We moved from low-tech production to mid-tech production. However, conducting business in the world, the production goods, is changing incredibly rapidly. Reaching 25,000 USD per capita income is not possible by doing what we have done until today. We must now focus on tomorrow, join in a common vision and community around a singular goal and advance together towards the future.


We have to revive the reform process to combat the negative perceptions which are being attempted to be formulated against our country, both inside and out; and to restore investors’ confidence and continue to enrich our country; and we should show our new success story to the whole world.”

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