Vice President Cevdet Yılmaz highlighted the entry into a deflationary process, noting a decrease of 23.5 points in 3 months. Emphasizing that Turkey is heading towards a positive environment by 2025, Yılmaz announced their expectations for increased direct investments. He mentioned that diesel support will be provided in a more systematic manner.

Vice President Cevdet Yılmaz made statements on the agenda during his participation in a television channel. Some of the highlights from Yılmaz’s statements are: “Our policies have been consistently implemented. Particularly, the credit rating upgrades from international organizations and the decline in CDS indicate that we are in a different position. Policies are not things that change daily. Results are being achieved, our program is working. Our risks are decreasing.

WILL THE DECLINE IN INFLATION CONTINUE? We are in a deflation process. There is a 23.5-point decrease in inflation over 3 months. As long as the direction is correct, when you see where you’re going, confidence in the program strengthens. There will be criticisms, we respect them. When evaluating fiscal policies, we must not ignore the earthquake factor. An earthquake affecting 14 million people, spending 2,5 trillion liras over a period of 2 years. We are constructing 450 thousand residences. Infrastructure, roads, tunnels are demolished. You build schools, hospitals in new settlements. When we look at all of this, it is big enough to affect greatly developed economies. WILL DIESEL SUPPORT BE PROVIDED? We are acting with serious fiscal discipline. We do not lose discipline in fiscal policies. Efficiency is crucial, we have prioritized irrigation projects. There were misinformation about not providing diesel support to farmers. On the contrary, we see agriculture as a strategic sector. We will carry this out more systematically. WILL DIRECT INVESTMENTS INCREASE? A resettlement pattern is forming in the industry. We are talking about a country with logistic advantages, situated in the middle of three continents, and has a young population. We expect investments to accelerate in the upcoming period. Turkey has become able to attract 1% of global investments. Commodity prices are in our favor, there has been a decrease, especially in oil. We are progressing moderately, our biggest markets are the EU and MENA. We also expect relative growth in these areas. Turkey is heading towards a positive environment by 2025. We expect an increase in direct investments. Our defense industry exports have reached 5.5 billion dollars. We sell products to the world that they wouldn’t sell to us for money. Real independence comes with your technological power.