“Turkey brakes record in reforms”
31.10.2018 / Ankara
the reform package, prepared last year as a part of the Improving Investment Environment Coordination Board (YOIKK), providing changes in many areas such as company organization, building permits, foreign trade processes, fulfilment and bankruptcy law has enabled Turkey to brake records.
Turkey has jumped 17 places in the rankings of the World Bank's Ease of Doing Business Index (Doing Business) from its place as 60th last year, settling on 43rd rank.
Turkey is also among the top 10 countries with the highest number of reforms in 2018. Turkey is the only country in Europe to place among list of “top reformer” countries. Among the G20 countries, it was one of the three countries that managed to rank with China and India.
The Union of Chambers and Commodity Exchanges Turkey President Rifat Hisarcıklıoğlu stated that they are happy to have achieved results via the reforms carried out as a part of YOİKK’s package, “I would like to thank President, Mr. Recep Tayyip Erdogan for his support, taking the reform efforts under his wing, Industry and Technology Minister Mustafa Varank for coordinating with YOİKK coordination, the then-Deputy Prime Minister Recep Akdağ for pioneering the work of the reform package as well as all relevant ministries and all the NGOs who contributed.”
Commenting on the results, the TOBB President noted that results could be a strong reference point for foreign investors, “Turkey being one of the top 10 reformist countries in an index which we have placed in the 60s and 70s for many years, rising to 43rd is greatly pleasing. There is significant improvement in the fields of company organization, building permits, credit supply, rights of creditors and foreign trade. These results, achieved in current economic conditions, is an indication that Turkey is making the reforms needed to boost investment and employment.”
Rifat Hisarcıklıoğlu stated that Turkey should not be satisfied with this result, “We have shown the entire world how strongly we are committed to reforms. As TOBB, we are proud of conducting coordination of these reforms in the private sector. I would like to point out once again that we are the supporters of all reforms that will pave the way for our entrepreneurs and provide an environment in which they can grow healthily in the long term.”
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