Statement on Capital Markets from Cevdet Yılmaz
Vice President Yılmaz stated in his speech at the summit in Elazığ that the difficulties in the capital markets are temporary.
Vice President Cevdet Yılmaz evaluated recent developments in the capital markets at the 27th Business World Summit held in Elazığ. Yılmaz stated that the current difficulties in the markets are not structural and that the relevant institutions are taking administrative and judicial measures.
Emphasis on Economic Fundamentals
Emphasizing that the macroeconomic fundamentals of the Turkish economy are quite solid, officials noted that there are no problems in the general economic picture.
It was announced that financial markets are at a much better level compared to past periods and maintain their stability.
Difficulties in Capital Markets
It was pointed out that certain problems are being encountered only in a specific and limited area of the capital markets.
It was clearly stated that this situation does not possess a structural nature and consists entirely of a temporary process.
Administrative and Judicial Measures Taken
It was reported that all relevant state institutions continue to take necessary administrative steps in full coordination.
It was emphasized that the steps taken to completely eliminate the current problem will be continued resolutely and that the markets will strengthen.