Vice President Yılmaz Vows Strong and Determined Implementation of Government Program
The Vice President of Turkey, Cevdet Yılmaz, recently shared his insights on the country’s economic growth and development, particularly in the East and Southeast regions. Speaking at a meeting with business representatives in Elazığ, Yılmaz highlighted the importance of utilizing the untapped potential in these regions, which has been hindered by past challenges such as terrorism.
Yılmaz emphasized Turkey’s strong economic performance, with an average annual growth rate of 5.4 percent over the last 21 years, outpacing the global average. He noted that despite global economic challenges, Turkey’s growth trend has remained steady, with a 2023 growth rate of 4.5 percent.
The Vice President also discussed the positive impact of investments on growth, pointing out a 14 percent increase in machinery and equipment investments. He highlighted the significant decline in Turkey’s current account deficit, attributing it to improvements in service revenues and tourism earnings.
Yılmaz underscored the government’s commitment to promoting political stability, economic growth, and urban transformation. He expressed confidence in Turkey’s ability to overcome challenges, such as the earthquake in Elazığ, through effective budget management and infrastructure investments.
Looking ahead, Yılmaz outlined plans to continue supporting private sector investments, regional development initiatives, and urban transformation projects. He expressed optimism about the economic potential of the East and Southeast regions, as peace and security create new opportunities for growth and development.
In conclusion, the Vice President urged local governments to prioritize economic municipalism, emphasizing the importance of collaboration with the business sector to drive economic progress. He praised the efforts of Elazığ’s mayor and encouraged continued support for projects that enhance the city’s resilience, quality of life, and investment environment.
Overall, Vice President Yılmaz’s remarks reflect Turkey’s commitment to sustainable economic growth, regional development, and building a prosperous future for all citizens.
