750 Billion Liras in Credit Support for Industrialists and Export Target
In his speech at the 21st MÜSİAD EXPO, Vice President Cevdet Yılmaz announced that a YTAK credit facility of 750 billion liras has been provided for medium-high and high-tech industrial investments, and that the target is to reach 450 billion dollars in goods and services exports by the end of 2029.
Vice President Cevdet Yılmaz made important statements regarding economic policies and new financing supports at the 21st MÜSİAD EXPO and the 29th IBF International Business Forum. Drawing attention to Turkey's resilience against global shocks, Yılmaz shared the credit facilities offered to industrialists and export targets for the upcoming period.
MÜSİAD EXPO Opening Program
Vice President Cevdet Yılmaz came together with business world representatives at the opening of the 21st MÜSİAD EXPO and the 29th IBF International Business Forum. MÜSİAD President Burhan Özdemir and Deputy Minister of Trade Özgür Volkan Ağar also participated in this important opening program.
Global Economic Developments
Drawing attention to the geopolitical tensions in the global economy, increasing protectionism trends, and the rise in freight costs, Yılmaz stated that Turkey has decoupled positively in this process with its strong production capacity and export performance.
Economic Growth and National Income
Stating that the national income exceeded 1.6 trillion dollars as of the end of 2025, Yılmaz expressed that the annualized figure surpassed 1.7 trillion dollars in the first half of 2026. He emphasized that the economic program is being pursued with determination.
YTAK Credit Facility for Industrialists
It was announced that a YTAK credit facility of 750 billion liras has been made available to industrialists for a three-year period, targeting medium-high and high-tech industrial investments. In addition, an additional credit support of 250 billion liras was provided within the framework of the Manufacturing Industry Financing Support Program.
2029 Export Targets
By the end of the Medium-Term Program period, goods and services exports, which currently exceed 400 billion dollars, are targeted to reach 450 billion dollars in 2029. With these newly announced support packages and targets, it is aimed to strengthen exporters.