Bursa Chamber of Commerce and Industry (BTSO) Chairman İbrahim Burkay, TEKNOSAB ⁇ da, the Venture Capital Investment Fund model of the Logistics Park project they plan to implement the Capital Markets BoardHe announced that he had received approval from ⁇ . President Burkay said that they will start the share issuance processes within the framework of the project in a short time.
BTSO August Assembly Meeting was held in Chamber Service Building. BTSO Chairman İbrahim Burkay, in his speech at the meeting, touched upon the importance of improving the investment environment, increasing financing options and developing entrepreneurship support mechanisms. Stating that the financing needed in working capitals and new investments in Turkey is mainly met by banks, President Burkay said that the share of the banking sector in total finance is very high, affecting many factors from access to finance to the health of the financial system. However, it is important to diversify funding from conventional methods, such as in developed economies. Among this diversity, Venture Capital Investment Funds are one of the most important tools. ⁇ said.
Business model according to the change in the world
TEKNOSAB ⁇ da data center project
President Burkay pointed out that technology is causing a rapid change all over the world, ⁇ The biggest shortage of companies is cyber security. It's a fast-changing technology. We need to renew the infrastructure in our company every five years. Otherwise, you cannot keep up with the time and the market. We also designed our DATA Center project, which we planned in TEKNOSAB with the Venture Capital Investment Fund model, with this vision. We need space for our companies in TEKNOSAB to store their information. Here we will store information, not products. I hope this new structure will be one of the largest data centers in Turkey. We will make our Bursa ⁇ an international player in this field with the contributions of our Information Processing and Automation Council ⁇ . ⁇ said.
⁇ We want to have a say in cell production ⁇
Reminding that they established the BB Solar company about 2 years ago in order to strengthen the role of Turkey and Bursa in the field of renewable energy, BTSO Chairman İbrahim Burkay, in consultation with our ⁇ BTSO Energy Council and committees, we aim to raise our investment to a prominent position, especially in cell production. In all three projects, our members will be able to make their investments through the venture capital fund.
⁇ We convey the demands of the real sector on every platform ⁇
Noting that the real sector is in an effort to overcome this period with the least damage in the face of current difficulties, especially high input costs, access to finance and non-competitive exchange rates, Burkay said that it is critical to apply the inflation correction without bringing a new tax burden to companies. As BTSO, Burkay stated that members express their demands on every platform and we are working hard to find solutions. As TOBB Board of Directors, we held a meeting lasting approximately 7.5 hours with our Vice President Cevdet Yılmaz and President of the Presidency Strategy and Budget İbrahim Şenel. In this important meeting, we had the opportunity to consult the problems of our real sector and our solution proposals, especially inflation accounting and access to finance. ⁇
⁇ Concordat should not affect commercial receivables ⁇
President Burkay pointed out that the support of existing companies in the 1st region, technology, promotion, modernization and automation investments are among the priorities of the business world by amending the regional incentive regulation. He said there has been a significant increase in the number of companies declaring concordat in the recent period. İbrahim Burkay, ⁇ In this context, all debt payments of enterprises are frozen, but this situation causes different problems for the commercial creditors of the company in question. In this case, we recommend that commercial receivables be excluded from this process. We foresee that tightening policies in the fight against inflation will continue at least until the end of next year. The short-term working allowance for our businesses must also be reviewed by the end of 2025.
⁇ New KGF programs should be launched for SMEs ⁇
Stating that small and medium-sized companies in particular have difficulties in reaching the loan they need due to both high interest rates and quantity limitations, President Burkay said that they expect the restrictions on commercial loans to be lifted in order for SME companies to survive. Burkay, Chairman of the Board of Directors of BTSO, said that they want new guarantee programs to be launched within the Credit Guarantee Fund for small and medium-sized businesses and public debts to be restructured. Pointing out that the loan interest rates provided by Türk Eximbank should be revised to support the exporter and that the removal of the bank letter of guarantee application in these loans is critical for companies, İbrahim Burkay said that ⁇ Promoting private sector investments and directing capital to the right areas will increase the power of our financial system. With this perspective, as the business world, we desire the preparation and implementation of a Medium-Term Program that lays the groundwork for structural reforms in which investment priorities are determined, resources are effective, production is efficient, added value is high and trade is competitive.
⁇ KFA raises the bar for exhibition success ⁇
BTSO Chairman of the Board İbrahim Burkay said that the KFA Fairs project, which they implemented about 10 years ago in order to improve Turkey's export vision, has gained a structure that realizes giant organizations today. İbrahim Burkay, ⁇ As KFA Fuarcılık, which has successfully carried out many organizations so far, we have undertaken the organization of the IDEF 17 ⁇ th International Defense Industry Fair ⁇ , which is now among the largest defense industry meetings in the world. The fair, which will be held on July 22-27 next year, will be held simultaneously in four different areas. With its new location and structure that will enable international cooperation, IDEF will hopefully be the pride of the Turkish defense industry. Our company KFA Fuarcılık will carry its name as a Bursa brand even higher in the national and international arena. ⁇ said.
Risk management of our companies is of great importance
BTSO Parliament Speaker Ali Uğur stated that the economy is going through a difficult process with increasing global and regional risks, and that the economic impact of the wars that develop in the nearby geography and affect the whole world, the problems in the supply chains and the heavy destruction caused by high inflation increase the uncertainties in front of the business world. Ali Uğur added that risk management access to finance and effective use of resources are vital for businesses.
Bursa Uludağ University Faculty of Economics and Administrative Sciences Lecturer and Economist Assoc. Dr. Filiz Eryılmaz made a presentation about the inflation correction application and its effects on the business world. ⁇ BURSA
Source of: İhlas News Agency / Department of Economics
