Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), stated that high inflation, interest rates, and difficulties in accessing credit are shrinking markets in Türkiye.
Speaking about the broader context, Hisarcıklıoğlu noted that the global economy is going through a difficult period due to wars and geopolitical developments. He also pointed to the slowdown in the European Union economy and China's state-supported production model as factors negatively affecting exporters.
In a meeting with the Central Bank Governor and general managers of public banks, Hisarcıklıoğlu said they conveyed members' issues regarding credit limits, high interest, commissions, transaction costs, and collateral demands. He stated that credit constraints affect SMEs the most.
Enflasyonla mücadeleyi zayıflatmadan reel sektörü destekleyecek adımların hızla atılması gerektiğini dile getirdik
Hisarcıklıoğlu also highlighted that the difference between inflation and exchange rates is straining sectors that earn foreign currency. He also said that the TOBB Nefes Credit application, guaranteed by the Credit Guarantee Fund (KGF), has been restarted through TOBB's initiatives.
Hisarcıklıoğlu also announced that a Tourism Support Package with Treasury guarantee has been activated, adding that wage and premium supports aimed at employment have been implemented as part of the package.
In related developments, the accommodation tax was reduced from 2 percent to 1 percent following the demands of the Muğla Chamber of Commerce and Industry (Muğla TSO). Muğla contributes to the national economy in fields such as tourism, agriculture, fisheries, olive oil, mining, and yacht manufacturing.
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