TÜRKONFED Warns of Balance Sheet Crisis in Business Sector
TL
Süleyman Sönmez, Chairman of the Turkish Enterprise and Business Confederation (TÜRKONFED), raised urgent concerns about the financial health of Türkiye’s business sector during the Federation Presidents Meeting in Ankara. According to Sönmez, companies across the country are not just facing an economic slowdown, but are entering a full-fledged balance sheet crisis.
Balance Sheet Warning: “Temporary Fixes Will Deepen the Wound”
Sönmez pointed to signs of declining investment appetite in Anatolia, shrinking employment, and early signals of supply chain disruptions. He emphasized that temporary economic measures, if not backed by long-term structural reforms, could worsen the situation.
“Without structural reforms, short-term solutions will only deepen the economic wound,” he warned, urging urgent action to stabilize the business environment.
Strategic Autonomy and Green Transition as Pillars of Recovery
Highlighting Türkiye’s need for strategic autonomy, Sönmez stressed the importance of boosting domestic production in critical sectors such as energy, defense, and agriculture. He also underscored the need for SME support in the context of the green transformation and fair transition frameworks.
“If we want to compete globally and ensure resilience, we must strengthen our national capabilities and prioritize sustainable development,” Sönmez noted.
Ankara Emerges as a Defense Industry Hub
Other TÜRKONFED officials at the meeting emphasized themes of digital transformation, regional development, and economic resilience. Notably, İÇASİFED President Süleyman Ekinci declared that Ankara has become the production base of Türkiye’s defense industry, a development with strategic implications for national industry.
The meeting’s discussions reflect growing consensus that Türkiye’s private sector faces critical structural challenges, and without targeted reforms in technology, green policies, and regional investment, the risks of prolonged stagnation—and a possible crisis—could escalate.