Economic institutions’ moves give markets confidence after coup attempt: TÜSİAD
DHA photoTurkey’s leading business organization has said that a joint stance against the July 15 failed coup attempt from all social and economic circles was of great value and solid measures by the economic administration fueled optimism and confidence in the markets, in a written statement on July 18.
“The joint stance by all political parties and social circles against the coup attempt against our democracy is of great value. This stance should be continued in a bid to strengthen further our democratic standards and the rule of law,” said the Turkish Industry and Business Association (TÜSİAD).
The association said all economic institutions, including the Central Bank, had given confidence to the markets through a number of solid moves and measures.
“The meetings by Deputy Prime Minister Mehmet Şimşek and Central Bank Governor Murat Çetinkaya with foreign investors late July 17 were also of great importance. We expect that these attempts would give yields,” noted the association, adding that Turkey’s robust fiscal discipline and budgetary structure also played a great role.
“Despite several negativities, Turkey has kept its potential as an attractive destination for investments. We believe that the required reforms need to be realized immediately to make these potentials stronger,” noted TÜSİAD.