Turkish Industry and Business Association

Business representatives have expressed their appreciation for Turkey's new economic reform package aimed at boosting investment, production, jobs, and exports.

As a G20 economy and a vital geopolitical actor in the region, Turkey can show leadership in boosting the benefits of a digital revolution, said the founder of the World Economic Forum on Jan. 27. 

Working on an ambitious slate of economic and legal reforms, top Turkish officials on Dec. 4 met with key business leaders. 

Lütfi Elvan, the treasury and finance minister, and Abdulhamit Gül, the justice minister, met with leaders of the Independent Industrialists and Businessmen's Association (MÜSİAD).

The government has launched a series of meetings with the representatives of the business world to hear their suggestions and inform them on planned economic and judicial reforms.

The coronavirus crisis has battered micro- and -small enterprises (MSEs) the most, according to a survey on June 11.

Speaking at a virtual meeting, Ümit Boyner, head of Business for Goals Platform (B4G), the organization which conducted the survey, said: "We see that the firms hit hardest by the crisis were micro-sized with 69% and small-sized with 49%."

As the world emerges from the novel coronavirus pandemic in the period of "new normal" Turkey will be an alternative global power in production, the country's vice president said on June 3. 

Turkey will unveil measures to reduce the economic impact of the coronavirus outbreak this week, the treasury and finance minister said on March 16.

"President Recep Tayyip Erdoğan will announce steps to be taken this week," Berat Albayrak said on Twitter.

Albayrak stressed that the country prioritized being prepared for the effects of coronavirus outbreak on the economy.

Turkish economy is projected to post higher growth this year, said the head of the Turkish Industry and Business Association (TÜSİAD) on Feb. 6.  

"The components of this growth forecast are comprised of the rise in public expenditures and especially the expansion in the balance sheets of public banks," Simone Kaslowski told a regular meeting of general assembly held in Istanbul.

Turkey hopes to attract 58 million foreign tourists and targets more than $40 billion tourism revenues this year, Tourism Minister Mehmet Nuri Ersoy has said.

He noted that the exact figures for the full year will be released at the end of the month, but the country probably welcomed 51 million tourists and generated around $34 billion of tourism revenues in 2019.

Turkey cannot make lasting improvement without enacting macroeconomic reforms, according to the head of the Turkish Industry and Business Association (TÜSİAD).