Turkish President Recep Tayyip Erdogan said the country plans to implement new regulations soon to boost global competitiveness and improve the investment environment while prioritising financial awareness.
Speaking at the Financial Literacy Day program in Istanbul, Erdogan said they enacted a regulation to encourage foreign capital inflow into Türkiye with a bill parliament passed.
He emphasised recent regional events proved Türkiye's resilience against crises through its economy, defence, diplomatic capacity, social solidarity and management stability.
The president noted this period once again showed the country acted as a safe haven in its region.
Erdogan said the government determinedly planned to further strengthen this exceptional aspect of Türkiye in the upcoming period.
He highlighted they aimed to commission legal, administrative, financial and institutional regulations to increase Türkiye's global competitiveness and improve the finance and investment environment soon.
Financial awareness
Erdogan underlined they attached great importance to increasing the financial awareness of citizens, companies and all stakeholders of the economy.
Erdogan congratulated the National Education Ministry and the Capital Markets Board for reaching approximately 18 million students with special financial literacy contents on March 24 after the government declared May 22 as Financial Literacy Day last year.
He stressed protecting investors and consumers who used financial products and services against potential market risks remained their main priority.
Erdogan said the Capital Markets Board carried a crucial responsibility to ensure a financial market that produced value, maintained ties with the real sector and eliminated income and wealth inequality.
He pointed out regulatory institutions must prevent manipulation and speculation in audited and supervised areas to protect citizens who invested their hard-earned savings in capital markets.
Erdogan noted they had to increase trust in capital markets to direct idle savings into areas providing economic value.
