Statement by Cevdet Yılmaz on Capital Markets in Elazığ
Vice President Cevdet Yılmaz made evaluations about the current situation in the capital markets at the 27th Business World Summit.
Quick Look
Vice President Cevdet Yılmaz stated at the 27th Business World Summit in Elazığ that the problem in the capital markets is temporary and limited and that the necessary administrative and judicial measures have been taken.
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Why It Matters
Cevdet Yılmaz made a speech at the 27th Business World Summit organized by TÜRKONFED in Elazığ.
Speaking at the 27th Business World Summit organized by TÜRKONFED in Elazığ, Vice President Cevdet Yılmaz made an assessment of the current situation in the capital markets.
"Our macroeconomic foundations are solid, there is no problem in our economy," said Yılmaz, adding, "Our financial markets are at a much better point. But we are faced with a problem that has emerged in a certain area, a limited area, in our capital markets. Necessary administrative and judicial measures are being taken to overcome this problem and will continue to be taken. This is a temporary problem, a problem that occurs in a limited area. And when we overcome this problem, our capital markets will continue on its way stronger than before."
Stating that we are not faced with a structural problem, Yılmaz said, "The structure of our capital markets is quite healthy. But we have a temporary problem. All our relevant institutions are doing their part in coordination regarding this problem. Hopefully, when we overcome this problem, our capital markets will continue on their way strongly; do not doubt that."
Open Questions
- Which area exactly does the limited problem in capital markets cover?
- What are the administrative and judicial measures taken?
