BankPozitif Chairman of the Board Dr. Erkan Kork’s Evaluations
BankPozitif Chairman of the Board Dr. Erkan Kork emphasized that international direct investments on a global scale generally tend to decrease, but Turkey shows a better performance in this context. Kork stated that Turkey has managed to attract significant investments from global actors thanks to its enterprising business culture, young and dynamic population, and competitive products and services.
“Our Target is 1.5 Percent”
Pointing out that Turkey has succeeded in attracting 1 percent of the world’s investments annually in the last 20 years, Kork stated that they need to work harder to increase this rate. Kork said: “With the political stability, reforms, infrastructure investments and investor-friendly policies provided by our President Recep Tayyip Erdoğan, Turkey is not far from achieving this goal. “With the vision and determined stance of the Minister of Treasury and Finance, Mr. Mehmet Şimşek, our country is on the way to becoming an important center for international investments.”
“New Investment News Will Not Be a Surprise”
Stating that ensuring price stability will create a much more positive picture for Turkey, Kork said, “The President of the Central Bank of the Republic of Turkey, Fatih Karahan, and his team are working day and night, so to speak. The improvement in the current account balance is visibly evident. With the recent increase in reserves and the right steps taken, the Turkish Lira has reached an attractive position. Ensuring price stability opens the doors to the process leading to financial stability. In a country with financial stability, investment appetite is high. Therefore, it will not be a surprise for new good news and investment news to come for our country.” he said
“Large Scale Investments in the Fintech Field”
Dr. Erkan Kork stated that Turkey will continue to gain qualified investments, especially investments focused on exports of goods and services. “The total value of international direct investment inflows to our country since 2002 exceeded 268 billion dollars. Investments in the first 6 months of 2024 corresponded to 28 percent of the current account deficit. This rate will increase further. Türkiye is on its way to becoming a production, logistics and management center for international investors. It will continue to attract large-scale investments, especially in areas such as technology investments, Fintech and e-commerce. “I think capital flows will continue not only from Europe and the USA, but also from the Gulf countries.” he said
