Türkiye expects more foreign investment soon, says VP

Türkiye has entered a phase where international companies are unveiling their investment decisions in the country, and more "good news" is expected to follow soon, according to Vice President Cevdet Yılmaz.

Speaking at a meeting of the Investment Environment Improvement Coordination Council (YOİKK) on Aug. 13, Yılmaz noted that issues related to improving the investment environment will be on the agenda both at the technical level and at the level of parliamentary work in the fall period, adding that the goal is to "make Türkiye an investment base."

"Amendments to the competition law and the climate change bill are among the priority issues that will be put on the agenda of the new parliamentary term," Yılmaz said at the meeting, which was also attended by Justice Minister Yılmaz Tunç, Industry Minister Mehmet Fatih Kacır, Labor Minister Vedat Işıkhan, Environment, Urbanization and Climate Change Minister Murat Kurum, Finance Minister Mehmet Şimşek, Trade Minister Ömer Bolat, Transportation Minister Abdulkadir Uraloğlu and other officials.

"Another issue we will put on parliament's agenda in the new legislative term is electronic notification, which will speed up judicial procedures," Yılmaz added.

"The draft prepared on this issue has reached a certain stage. In addition, the work on the administrative and technical infrastructure of the TechVisa program, which was created to attract skilled workers to our country, has reached its final stage."

Programs and incentives implemented recently have led to international companies announcing new investments in Türkiye, and more announcements are expected soon, the vice president said.

"In this context, we have invited senior executives from the world's leading investment firms...