Yılmaz said, “Together, we will take Northern Cyprus to a much better level than today, with public investments on the one hand and private sector investments on the other. Our destiny is one.”
Vice President Yılmaz noted that as the inflation events improve in Turkey, its reflections on Northern Cyprus will be seen very quickly.
Yılmaz made evaluations about the agenda and answered questions in the TRT News live broadcast.
– “Turkey’s Century will be the century of investments, which will raise the welfare of our country to much higher levels.”
In his evaluation, Cevdet Yılmaz said, “Turkey is a tremendous investment country with its location, manpower and potential, and we need to realize this. The Turkish Century will be the century of investments, and this will take the welfare of our country to much higher levels.”
Stating that there is a rising reaction all over the world against the human tragedy in Gaza, but the administrations of many countries in the West have not been able to test it well, Yılmaz said that Turkey has fulfilled its historical responsibility in this regard, and that President Recep Tayyip Erdoğan has been working very intensively from the first moment of the events. He said that he was working hard for a ceasefire with all his energy.
Yılmaz stated that Turkey wants a political solution for a permanent peace in Palestine and that it is ready to take on all mechanisms and responsibilities, including guarantorship, if necessary, and added: “We want these inhumane scenes to disappear as soon as possible, and these crimes against humanity in which children, women and civilians are murdered are not a part of the world.” “We expect it to end and those responsible to be held accountable before international courts and within international law as soon as possible,” he said.
Emphasizing that political uncertainties as a result of the elections in May, policy uncertainties have been eliminated with the 12th Development Plan, Medium Term Program (MTP), 2024 budget and Government Program, Yılmaz said, “Despite the earthquake, we managed to keep the budget deficits at a reasonable level. On the other hand, our Central Bank has a large “It provided an accumulation of reserves. Our official reserves dropped to 98.5 billion dollars last May. They reached 141.4 billion dollars on December 8. It is a record of all time. When you look at it, there has actually been an increase of nearly 44 percent in our reserves,” he said.
Yilmaz reminded that the 5-year country risk premium CDS rose up to 700 in May, and today it has even tested below 300, and noted that this shows the change in the perception of Turkey, its transformation, and the increase in the trust environment.
Stating that the flow of foreign funds to Turkey has increased recently with the contribution of all these steps, Yılmaz said that this will increase further with the increases in credit scores and that the investment environment in Turkey has reached a much more positive point.
Yılmaz said, “No matter what anyone says, Turkey is one of the best investable countries in the world. With its geography, young population, knowledge and dynamism, we call this the Turkey Century. We have left the century of our Republic behind. Now the Turkey Century will be the century of investments and we will continue to grow and develop.” found.
Stating that while they are making efforts for a political solution in the Turkish Republic of Northern Cyprus (TRNC), on the other hand, they are trying to increase the economic welfare of TRNC citizens, Yılmaz said, “With public investments on the one hand and private sector investments on the other hand, we can make Northern Cyprus much better than it is today.” “We will take it to the next level together. Our destiny is the same. As the inflation events and other issues I just mentioned improve in Turkey, we will very quickly see the reflections of this on Northern Cyprus,” he said.