“We have greatly improved our current account deficit”

At the “Gebze Business World Consultation Meeting” held at the Gebze Cultural Center, Bolat stated that they provided Kocaeli with 305 billion lira in services and works during their 22-year rule and that the city did so with its production, employment and work earns exports.

Bolat stated that Kocaeli has made a big leap forward in exports and shared numerical data.

Stating that there are 43,375 artisans, 51 artisan chambers and 157 cooperatives in Kocaeli, Bolat stated that there are about 9,600 artisans and artisans registered in 8 artisan chambers in Gebze.

Bolat said that in the 11 months of this year, 3,287 artisans in Kocaeli availed loans worth 1 billion 700 million lira with 50 percent interest subsidy through artisan guarantee cooperatives, while 370 artisans in Gebze received loans worth 200 million lira .

Stating that the increase rate of Kocaeli's exports this year is 7.5 percent, Bolat said: “This is a great success. The rate of increase in our general exports is between 2 and 2.5 percent. Kocaeli has increased its exports and stands at 11 percent.” Decrease in Kocaeli's imports: While Kocaeli's export-import coverage ratio was 72 percent last year, this year it has increased to 81 percent in 11 months. And it will record it. he said.

“We are working together to make the Turkish economy stronger and more stable.”

Bolat stated that the central bank cut the key interest rate by 2.5 points yesterday, indicating that it will take the necessary measures if inflation falls.

Bolat pointed out that the government and the Ministry of Finance and Finance increased Eximbank's capital from 13.8 billion lira to 55.3 billion lira in the last 1.5 years, explaining that there is no problem with access to provide funding.

Stating that the cost of financing has also started to decline, Bolat continued as follows:

“Hopefully our entrepreneurs and manufacturers have started to have easier financing options. Our President will announce our year-end figures for exports of goods and services to the public and our people on January 3rd in Istanbul. I won't go into those numbers. However.” This year, both our goods and services exports will increase. “We have achieved an extraordinary improvement in our current account deficit and again a great improvement in reducing our foreign trade deficit.”

Bolat explained that the growth goes well with the contribution of foreign trade, stressing that they have achieved positive results in economic growth, employment and reduction in unemployment.

Explaining that they spend a large proportion on vocational and technical training of trained workers, Bolat said: “Turkey will grow stronger. As you grow and become stronger, Turkey will also grow and become stronger. The Turkish economy will also grow and become stronger.” At the end of this year, God willing, 1 trillion 300 billion dollars “Hopefully, at the beginning of the 3rd month of 2025, TurkStat will report the good news of a strong Turkish economy with a national income of 1 trillion 260 billion Dollars announce,” he said.

Stating that there is a government that is working hard and making great efforts 24 hours a day, 7 days a week under the leadership and coordination of President Recep Tayyip Erdoğan, Bolat emphasized that it is working to continue growing Turkey and to develop and increase the well-being and purchasing power of citizens.

Stating that events such as the Covid-19 epidemic, the Russia-Ukraine war and the Kahramanmaraş earthquake on February 6, 2023 have occurred in the past five years, Bolat said:

“We are working together to make the Turkish economy stronger and more stable. Last year and this year we showed solidarity and sacrifice, but we will see the relief increase even more in the spring of 2025. As interest rates and loan interest.” “We will feel it together. As earthquake costs decline at the end of 2025 and we expand our new export links to foreign markets, I hope we will continue to relax.” As earthquake costs decline at the end of 2025, the increasing resources will benefit our retirees, artisans, farmers, workers, SMEs, civil servants and real estate workers. “It will mean new resources and opportunities for our industry. Hopefully we will continue to strengthen our strong economy in 2026 by steadily increasing our pace.”

Minister Bolat then answered questions from business representatives in the broadcast, which was not open to the press.

The program was attended by Kocaeli Governor İlhami Aktaş, AK Party Kocaeli Deputy Veysal Tipioğlu, Deputy Trade Ministers Özgür Volkan Ağar and Mustafa Tuzcu, Kocaeli Metropolitan Municipality Mayor Tahir Büyükakın, Gebze District Governor Mehmet Ali Özyiğit, the mayor of Gebze, Zinnur Büyükgöz, and AK Party Kocaeli Provincial Chairman Şahin Talus, Gebze Chamber of Commerce Board Chairman Abdurrahman Aslantaş, MÜSİAD Gebze Branch President Abdulkadir Anık and businessmen took part.


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