Turkish President Recep Tayyip Erdogan said on Saturday that his country has become one of the leading destinations for international direct investments.
This came in a speech during his participation in the 10th meeting of the Investment Advisory Board at the Presidential Office in Dolmabahce Palace in Istanbul.
The Turkish president promised to find solutions to economic problems based on logic and to present new economic reform packages.
The Turkish president stressed their determination to make the “Century of Turkey” a century of investments.
The “Century of Turkey” is a vision announced by President Erdogan in late 2022 that includes the programs and goals of the Turkish Republic in its second century.
According to the figures announced by President Erdogan, Turkey has achieved an average annual growth of 5.4 percent over the past 21 years and has risen to 11th place in purchasing power parity.
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He pointed out that Turkey has increased its share in global trade from 5 per thousand in 2002 to more than one percent at present, with its exports reaching $256 billion.
President Erdoğan pointed out that Turkey is currently witnessing a decrease in the current account deficit, an increase in foreign exchange reserves and an improvement in risk indicators.
He also stressed that inflation in the country is under control and that the recently announced employment, foreign trade and inflation data confirm the success of the implemented economic program.
He stated that the contribution of international investors to raising the employment rate in the private sector has increased and reached 8.8 percent.
The Turkish President said: “With the opening of the Parliament (following the current parliamentary recess), the climate law will be put on the agenda and in light of this law we will accelerate the green transformation process in our industrial sector.”
