(MENAFN- Trend News Agency)
President Recep Tayyip Erdogan called on investors to take
advantage of low interest rates in Türkiye and make investments in
the country, Trend reports citing Daily
News .
“I call on the investors. We invite you to invest with low
interest, especially from public banks,” he said on Sept. 25
addressing the Istanbul Chamber of Commerce meeting.
“Because the investments you make with the loan received at low
interest will provide employment, increase production and exports
and turn the current surplus in our favor,” Erdogan explained.
While realizing the most important democracy and development
breakthroughs in its history in the last 20 years, Türkiye has also
fought many attacks, he said and added,“Our economy has also
suffered from these attacks. As of August 2018, these attacks have
turned into open defiance.”
First the pandemic, then the Russian-Ukrainian war has shaken
the economic functioning, Erdogan emphasized.“Those who criticize
our country because of the economic model have tended to line up
with us at the point we have reached. Türkiye is no longer the old
Türkiye,” he added.
The government has seen that it is not possible to get rid of
this turbulent process with traditional methods, thereby Türkiye
pursued the“Turkish Economy Model,” which the government has
maintained over time in line with global developments and the needs
of the country, he said.
The theories of interest, inflation and exchange rate balance,
which have been“imposed” on Türkiye for years, do not provide a
solution to any problem, the president said. He stressed that the
approach of controlling inflation by increasing interest rates is
not taken seriously anymore.
“Leaders also began to say that interest rates should be
lowered. While Russia had defended high interest rates in the past,
it has now started to lower it. Developed countries do not risk the
situation that will put the economy into recession by using the old
model,” Erdogan stated.
“As we have always said, we made a choice in economic policy
focused on employment and production in 2018. Our growth of 7.5
percent in the first half of the year, our employment of 31
million, and our exports of $300 billion are the signs that we are
moving towards our targets,” he stated.
As Türkiye is getting developed, the country needs the support
of its business people more and more, the president said.“We will
both win and show our stance befitting our civilization in every
field for a more just world,” he stated.
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