Statement on Capital Markets from Cevdet Yilmaz: The Issue Is Temporary
Meeting with business world representatives in Elazig, Yilmaz stated that current difficulties in financial markets are not permanent and will be resolved quickly.
Vice President Cevdet Yilmaz announced in an evaluation at a summit he attended that the difficulties experienced in capital markets do not possess a structural nature and necessary steps are being taken.
Statements Made at the Elazig Summit
The 27th Business World Summit, organized by TURKONFED in the city of Elazig, hosted important evaluations in the field of economy.
Taking the floor at the summit, Vice President Cevdet Yilmaz addressed the recent situation in the markets and delivered messages aimed at the business world.
Economic Fundamentals and Markets
Emphasizing that macroeconomic fundamentals are strong, Yilmaz stated that there is no problem in the general economy.
Expressing that financial markets are at a good point overall, the official made a general evaluation of the current situation.
The Situation in Capital Markets
It was specifically emphasized that certain problems are being faced only in a limited area of the capital markets.
It was noted that this emerging situation does not carry a structural nature and consists entirely of a temporary process.
Taken Measures and Future Expectations
It was announced that necessary administrative and judicial measures have been rapidly taken in order to overcome the experienced temporary issue.
It was stated that with these obstacles left behind, the capital markets will continue on their way in a much stronger manner.