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͞<ĂLJŶĂŬ LJĂƌĂƚŵĂŶŦŶ ĞŶ ƵĐƵnj “Since the cheapest and easiest
ǀĞ ŬŽůĂLJ LJŽůƵ ŝƐƌĂķ ĞŶŐĞůůĞŵĞŬ way to create resources is to
ŽůĚƵŒƵŶĚĂŶ͕ ŝŵĂůĂƚĕŦůĂƌŦŵŦnjŦŶ prevent waste, the natural ap-
ĚŽŒĂů LJĂŬůĂƔŦŵŦ ŵƺƔƚĞƌŝůĞƌŝŶĞ proach of our manufacturers
ĚĂŝŵĂ ĞŶ ǀĞƌŝŵůŝ ŵĂŬŝŶĞůĞƌŝ is to always provide their cus-
ƐĂŒůĂŵĂŬ͕ ĞŶ Ănj ĞŶĞƌũŝ ŚĂƌĐĂLJĂͲ tomers with the most e cient
ƌĂŬ ĞŶ ĨĂnjůĂ ƺƌĞƟŵ LJĂƉĂŶ ŵĂŬŝͲ machines, to develop machines
ŶĞ ǀĞ ƚĞƐŝƐůĞƌ ŐĞůŝƔƟƌŵĞŬ͘ Ƶ ĚƵͲ and facili es that produce the
ƌƵŵƵŶ ƉĂnjĂƌĂ ŚąŬŝŵ ŽůŵĂƐŦ ŝƐĞ͕ most with the least expendi-
͛ŶŝŶ ďŝƌĕŽŬ ĚŝƌĞŬƟĮLJůĞ ƚĞŵŝͲ ture of energy. The dominance
ŶĂƚ ĂůƨŶĂ ĂůŦŶŵŦƔ͘ dƺƌŬŝLJĞ͛ŶŝŶ ĞŶ of this situa on in the market
is guaranteed by many U di-
ĕŽŬ ƐĂLJŦĚĂ ƌͲ'Ğ ŵĞƌŬĞnjŝŶĞ ƐĂͲ
rec ves. As the sector with the
ŚŝƉ ƐĞŬƚƂƌƺ ŽůĂƌĂŬ͕ ĚƺŶLJĂ ĞůĞŬƚͲ
largest number of R centers
ƌŝŬ ĞŶĞƌũŝƐŝŶŝŶ ĞŶ ďƺLJƺŬ ŬŦƐŵŦŶŦ
in Turkey, we observe that the e ciency classes and exports of
ƚƺŬĞƚĞŶ ĞůĞŬƚƌŝŬ ŵŽƚŽƌůĂƌŦ͕ ƉŽŵƉĂůĂƌ͕ ǀĂŶĂůĂƌ͕ ŚĂǀĂůĂŶĚŦƌŵĂ
our products are increasing rapidly in rota ng equipment such
ĨĂŶůĂƌŦ͕ ŬŽŵƉƌĞƐƂƌůĞƌ Őŝďŝ ĚƂŶĞƌ ĞŬŝƉŵĂŶůĂƌĚĂ ƺƌƺŶůĞƌŝŵŝnjŝŶ
as electric motors, pumps, valves, ven la on fans, compressors,
ǀĞƌŝŵ ƐŦŶŦŇĂƌŦ ǀĞ ŝŚƌĂĐĂƚůĂƌŦŶŦŶ ŚŦnjůŦ ĂƌƴŒŦŶŦ ŐƂnjůĞŵůŝLJŽƌƵnj͘ ŝƌ
which consume the largest part of the world’s electrical energy.
ĚŝŒĞƌ ŐĞůŝƔŵĞ ŝƐĞ ĞŶĞƌũŝ ƺƌĞƚĞŶ ĞŬŝƉŵĂŶůĂƌĚĂ ŵĞLJĚĂŶĂ ŐĞůŝͲ
Another development is occurring in energy-genera ng equip-
LJŽƌ͘ zĞƔŝů ĞŶĞƌũŝ LJĂƨƌŦŵůĂƌŦŶŦŶ ĂŶĂ ƵŶƐƵƌůĂƌŦ ŽůĂŶ ƐŽůĂƌ ƉĂŶĞůůĞƌ͕
ment. The produc on and exports of solar panels, wind turbines,
ƌƺnjŐąƌ ƚƺƌďŝŶůĞƌŝ͕ ũĞŽƚĞƌŵĂů ƉŽŵƉĂůĂƌŦŶ ƺƌĞƟŵ ǀĞ ŝŚƌĂĐĂƚůĂƌŦ
geothermal pumps, which are the main elements of green ener-
ĂƌƨŬ ĐŝĚĚŝ ŵĞďůĂŒůĂƌĂ ƵůĂƔŦLJŽƌ͘͟
gy investments, are now reaching serious amounts.”
<ĂƌĂǀĞůŝŽŒůƵ ĚĞǀůĞƟŶ LJĂƨƌŦŵ ƚĞƔǀŝŬůĞƌŝŶĚĞ LJĞƌůŝ ĞŬŝƉŵĂŶ ŵĞĐͲ
Karavelio lu stated that they have been gladly observing the
ďƵƌŝLJĞƟ ŬŽLJĚƵŒƵ ĚĂůůĂƌŦŶ ŚŦnjůĂ ŐĞůŝƔŵĞŬƚĞ ŽůƵƔƵŶƵ͕ ďƵŶƵ LJŦůͲ rapid development of the branches for which the state imposes a
ůĂƌĚŦƌ ƚĂůĞƉ ĞĚĞŶ ƐĞŬƚƂƌ ƚĞŵƐŝůĐŝůĞƌŝ ŽůĂƌĂŬ ŵĞŵŶƵŶŝLJĞƚůĞ ŐƂnjͲ domes c equipment obliga on in their investment incen ves, as
ůĞŵůĞĚŝŬůĞƌŝŶŝ ǀĞ LJĂLJŐŦŶůĂƔŵĂƐŦŶŦ ďĞŬůĞĚŝŬůĞƌŝŶŝ ŝĨĂĚĞ ĞĚĞƌĞŬ͕ sector representa ves who have been demanding this for years,
͞dŝĐĂƌĞƚ ĂŬĂŶŦŵŦnj ^ĂLJŦŶ PŵĞƌ ŽůĂƚ͛Ă͕ LJƺŬƐĞŬ ǀĞ ŽƌƚĂͲLJƺŬƐĞŬ and that they expect it to become widespread. We are grateful
ƚĞŬŶŽůŽũŝůŝ ŵĂůůĂƌŦŶ ŝŚƌĂĐĂƚ ŝĕŝŶĚĞŬŝ ƉĂLJŦŶŦŶ ŝůŬ ϳ ĂLJĚĂ LJƺnjĚĞ for the statements that the increase in exports from 36.9 per-
ϯϲ͕ϵ͛ĚĂŶ LJƺnjĚĞ ϰϬ͕ϴ͚Ğ LJƺŬƐĞůĚŝŒŝŶĞ ǀĞ ďƵŶĚĂ dĞŵŵƵnj ĂLJŦŶĚĂ cent to 40.8 percent, and that vehicles, machinery and electrical
ŝŚƌĂĐĂƚůĂƌŦ LJƺnjĚĞ Ϯϱ ŝůĂ ϯϲ ĂƌĂƐŦŶĚĂ ĂƌƚĂŶ ƚĂƔŦƚ ĂƌĂĕůĂƌŦ͕ ŵĂŬŝͲ equipment, whose exports increased by 25 to 36 percent in uly,
ŶĞůĞƌ ǀĞ ĞůĞŬƚƌŝŬůŝ ƚĞĕŚŝnjĂƨŶ ƂŶĞŵůŝ ƌŽůƺŶƺŶ ŽůĚƵŒƵŶĂ LJƂŶĞůŝŬ played an important role. We believe that the contribu on of the
ĂĕŦŬůĂŵĂůĂƌŦ ŝĕŝŶ ŵƺƚĞƔĞŬŬŝƌŝnj͘ PŶĐĞŬŝ ƉůĂŶ ĚƂŶĞŵŝŶĚĞ ƐƚƌĂͲ sectors that were declared strategic in the previous plan period
ƚĞũŝŬ ŝůĂŶ ĞĚŝůŵŝƔ ƐĞŬƚƂƌůĞƌŝŶ ƺůŬĞLJĞ ŬĂƚŬŦƐŦŶŦŶ ďĞůŝƌŐŝŶůĞƔĞĐĞŒŝ to the country will become evident.”
ŝŶĂŶĐŦŶĚĂLJŦnj͟ ĚĞĚŝ͘
͞dŚĞ ĐŽŶƚƌĂĐƟŽŶ ŝŶ ĚĞŵĂŶĚ ĂŶĚ ƚŚĞ ŝŶĐƌĞĂƐĞ ŝŶ ĐŽƐƚƐ ĨĞĞĚ ĞĂĐŚ
͞dĂůĞƉƚĞ ĚĂƌĂůŵĂ ŝůĞ ŵĂůŝLJĞƚ ĂƌƨƔŦ ďŝƌďŝƌŝŶŝ ďĞƐůŝLJŽƌ͟ ŽƚŚĞƌ͟

ƺŶLJĂ ŐĞŶĞůŝŶĚĞ ŽůĚƵŒƵ Őŝďŝ dƺƌŬŝLJĞ͛ĚĞ ĚĞ ĂŶĂ ŐƺŶĚĞŵ ŵĂĚͲ In Turkey, as in the rest of the world Karavelio lu underlined that
ĚĞůĞƌŝŶĚĞŶ ďŝƌŝŶŝŶ ĞŶŇĂƐLJŽŶůĂ ŵƺĐĂĚĞůĞ ŽůĚƵŒƵŶƵŶ ĂůƨŶŦ one of the main agenda items is the ght against in a on, and
ĕŝnjĞŶ <ĂƌĂǀĞůŝŽŒůƵ͕ ĮLJĂƚ ŝƐƟŬƌĂƌŦŶŦ ƐĂŒůĂŵĂŬ ǀĞ ĐĂƌŝ ŝƔůĞŵůĞƌ evaluated the e ects of the steps taken to ensure price stability
ĂĕŦŒŦŶŦ ĂnjĂůƚŵĂŬ ŝĕŝŶ ĂƨůĂŶ ĂĚŦŵůĂƌŦŶ ƐĞŬƚƂƌĞ ĞƚŬŝƐŝŶŝ ƔƂLJůĞ ĚĞͲ and reduce the current account de cit on the sector as follows:
ŒĞƌůĞŶĚŝƌĚŝ͗
“Although keeping export and investment credits separate in
commercial credit restric ons is a posi ve development for the
͞dŝĐĂƌŝ ŬƌĞĚŝ ƐŦŶŦƌůĂŵĂůĂƌŦŶĚĂ ŝŚƌĂĐĂƚ ǀĞ LJĂƨƌŦŵ ŬƌĞĚŝůĞƌŝŶŝŶ
machinery sector, it is clear that the gradual slowdown in do-
ĂLJƌŦ ƚƵƚƵůŵĂƐŦ͕ ŵĂŬŝŶĞ ƐĞŬƚƂƌƺ ŝĕŝŶ ŽůƵŵůƵ ďŝƌ ŐĞůŝƔŵĞ ŽůƐĂ ĚĂ
mes c demand will a ect the sales and cash ows of companies.
ŝĕ ƚĂůĞƉƚĞ ŬĂĚĞŵĞůŝ ŽůĂƌĂŬ LJĂƔĂŶĂĐĂŬ LJĂǀĂƔůĂŵĂŶŦŶ ĮƌŵĂůĂƌŦŶ
ƐĂƨƔůĂƌŦŶŦ ǀĞ ŶĂŬŝƚ ĂŬŦƔůĂƌŦŶŦ ĞƚŬŝůĞLJĞĐĞŒŝ ĕŽŬ ĂĕŦŬ͘

2 LJůƺů Ͳ ^ĞƉƚĞŵďĞƌ ϮϬϮϯ