Olpak, who is in New York to participate in the 15th Turkey Investment Conference, emphasized the sustainability of investor meetings.
In this context, Olpak shared that they held a roundtable meeting at Türkevi under the chairmanship of President Recep Tayyip Erdoğan, attended by senior executives from 25 American companies listed in Fortune 100.
During the Q&A session of the meeting, Olpak noted that they listened to the investment intentions of companies regarding Turkey, any problems they faced with existing investments, or their new expectations, stating, “Those with existing investments expressed some views or requests regarding the expansion of their investments.”
He also mentioned that some had requests for improvements related to ongoing processes. Bringing a problem or request to the table indicates interest. As a result of that interest, I believe that developments with those companies will progress positively.”
Olpak mentioned that they held a meeting at Goldman Sachs with the participation of Trade Minister Ömer Bolat, Treasury and Finance Minister Mehmet Şimşek, and Central Bank President Fatih Karahan, stating that last year’s program involved more political questions, whereas this year focused more on technical issues.
He highlighted that last year, the discussion revolved around a newly announced Medium-Term Program (MTP), while this year, they discussed the developments within the MTP and questions related to the markets.
Olpak also noted that they carried out two more focused programs hosted by Citi, where Minister of Energy and Natural Resources Alparslan Bayraktar provided information on Turkey’s energy policies and answered questions.
He added that at the last meeting, Industry and Technology Minister Mehmet Fatih Kacır held a meeting with technology companies.
Olpak explained that there were concerns last year about how faithful they would remain to the announced program and whether they could achieve the targets, saying, “This year, since they see that the targets are being reached, I found them more satisfied regarding next year’s goals. That’s why the questions were technical. The asking of these technical questions indicates interest. Subsequent processes are of course related to feasibilities and further studies.”
President of the Turkey-U.S. Business Council (TAİK) Murat Özyeğin
ÖZYEĞİN: PREDICTABILITY IS THE BIGGEST INCENTIVE FOR THE BUSINESS WORLD
Murat Özyeğin, President of the Turkey-U.S. Business Council (TAİK), also expressed that the meeting they held with President Erdoğan and the ministers went well.
He noted that in the programs held on the sidelines of the United Nations General Assembly, they received positive feedback, especially due to the realization of targets in the first year of the MTP.
Özyeğin explained that valuable exchanges took place in an environment where Turkey’s economic programs and projects were described in detail.
He indicated that as Turkey’s predictability within the MTP framework increases, investors show more interest in Turkey, stating, “As the disinflationary program progresses and Turkey’s predictability increases, I expect this interest to grow.”
Özyeğin emphasized the importance of facilitating certain issues for investors, quickly resolving matters, and the significance of incentive programs, adding, “Each of these is very important; these were discussed, but there was a general theme: predictability. Predictability is the biggest incentive for the business world. In that sense, we, as the private sector, and the perspectives from Americans and foreign investors highlight that increasing predictability is a critical issue.”
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
