(zaman.com) - Ibrahim Caglar, the board member of Turkey Associations and Stock Markets Union (TOBB) and vice chairman of the Istanbul Chamber of Industry (ISO), said that negative political developments in Turkey that cause fluctuations in the world market affect Turkey dramatically.
Caglar said that doing business in Turkey has changed dramatically and if people do not adapt to these changes, then fluctuations in the foreign exchange and global markets will always affect the Turkish economy, reports Trend.
We are the best in the market in production, production quality and the investments in new brands. However, energy prices and employment woes are really tough to overcome.
Caglar warned that a social unrest may harm the state and private sector alike if the payroll taxes and energy taxes are not lifted. Therefore, we should revise the burdens on employment.
The incentive law has been laid down; investments have been made in parallel with it. However, nothing remains stable in Turkey today, and just for that reason the scope of the incentive bill should be address regional needs as well as those on the basis of each sector, Caglar reckoned.