Vice President Cevdet Yılmaz attended the 19th National Will Meeting program held at MÜSİAD Headquarters. In addition to Vice President Cevdet Yılmaz, Istanbul Governor Davut Gül, MÜSİAD Chairman Burhan Özdemir and platform member NGO representatives also took part in the program. After Yılmaz's speech, a gift was presented to him by MÜSİAD Chairman Burhan Özdemir. The program ended after the family photo was taken.
'WE NEED TO DISTINGUISH THE MANIPULATOR AND THE INVESTOR FROM EACH OTHER'
Vice President Cevdet Yılmaz said, "Investing in capital markets is definitely not a crime, it is not a sin. Creating people's perception that investing in such places is a bad thing would be a very wrong approach for our development process. I try to underline this in every environment, no matter what anyone says. We need to distinguish between manipulators and investors. If we mix these two together, we cannot get out of these issues in a healthy way. Those who commit crimes, do illegal business, gain illegal profits, and commit fraud are normal. We should not be confused with investors. People who invest, save, and channel their savings to productive areas also support the development of this country, and there is nothing natural about this. But if someone is making unfair profits through some loopholes in the system, we need to deal with them ruthlessly. Otherwise, we will harm our development process and our investors. "After the fund issues are resolved, our capital markets will continue on their way much stronger," he said.
'OUR CAPITAL MARKETS WILL CONTINUE STRONGER THAN BEFORE'
Vice President Cevdet Yılmaz said, "There are 7 companies and 131 funds in the process of liquidation. Four of them entered the ordinary liquidation processes later. There are currently 3 left. A process that we call extraordinary liquidation has started regarding these three. We started the first payments last Friday. Hopefully it will continue this week. We will have made progress on this issue to a large extent by mid-November. A law was prepared in our parliament and quickly passed by our parliament. With this law, it is a law regulating extraordinary liquidation. This law also includes "We expect to return up to 1 million liras of capital to the investors as an interim payment. I can say that a significant portion of the 455 thousand investors will receive their principals this week. These studies are being carried out under the coordination of Ziraat Bank for the other two funds, Atlas and Pusula. Therefore, we believe that we will overcome this issue in the coming period. Hopefully, our capital markets will continue to be stronger than before."
'WE REACHED A HISTORICAL EXPORT RECORD'
Yılmaz said, "Turkey continues to increase its exports. Compared to the same month of the previous year, our exports increased by 8.1 percent in October and we achieved a historical record export for October with 25.9 billion dollars. When you take the exports, which we call annualized, from this October to the previous October, you look at how much it has been in 1 year, we have reached 285.6 billion dollars. This is the export of goods. We also have exports of services. Tourism is around 65 billion dollars, logistics, other areas, finance, We also have exports in many service areas. When we add up our exports of goods and services, we have reached 413 billion dollars in 2002. Our exports of goods and services were around 14 billion dollars. Today, the figures have reached a completely different level. I hope we will continue this war next year. The situation is uncertain, no one can say anything very clear, but the general expectation is that a growth of around 7 percent is expected in the region we call MENA (Middle East and North Africa) next year, in an environment where the wars have calmed down a bit. Therefore, we believe that there will be a more positive international conjuncture in the European Union, and hopefully our exporters, who have achieved this in these difficult conditions, will do much more, much better next year. We believe that inflation is the most important. Our issue was 3.7 last year and it exceeded 1.6 trillion dollars for the first time. This year, we revised it slightly downwards. We revised our growth downwards in line with the trends I just mentioned, but we continue to grow uninterruptedly. The Republic of Turkey has been growing for 24 quarters. We think our economic size will reach 1.8 trillion dollars at the end of this year. "We expect it to be at dollar levels. Our unemployment rate has been in single digits for a long time. It dropped to 7.9 in September," he said.
'WE NEED TO SUPPORT THE TRANSFORMATION AND CHANGE OF OUR INDUSTRY'
