The world economy is under the influence of sanctions decisions against Russia taken after the Ukraine-Russia War, interest rate increases of the FED and the European Central Bank, bank bankruptcies in the United States, new political balances being shaped by the expansion of NATO, contraction of production and the economy in the Eurozone, global bankruptcies and increased expectations of bankruptcy.
In our country, too, companies have been continuing their production-sales activities under significant economic and political developments in recent months. Although the total export and import volume has increased, in our country, where the foreign trade deficit continues to increase, tourism revenues and revenues provided under the net error-deficient account heading are effective in closing this deficit. However, this issue creates the expectation of an increase in foreign exchange in our country.
The problems faced by our companies engaged in domestic production and sales while continuing their activities in recent periods are summarized below;
- Suspension of investments for a while due to the Presidential and parliamentary elections to be held on May 14, 2023 creating expectations for changes in the political structure and economic policy.
- The Kahramanmaraş Earthquake caused significant damage to the country's economy, as well as the loss of life and property.
- The country's economy has entered the inflationary process and the purchasing power of consumers has decreased significantly.
- Although the benchmark interest rate announced by the CBRT remains well below the level of inflation, there has been an increase in deposit and loan interest rates and the real sector has limited use of low interest rate opportunities.
- The increasing continuation of the Foreign Trade Deficit and creating upward pressure on exchange rates.
- Increasing the measures aimed at reducing the demand for foreign currency and credit distribution with the legislative changes made in the BRSA and the CBRT.
- Raising the minimum wage due to an increase in inflation and this leads to an increase in personnel and total costs in companies.
- paid Octobers due to the fact that the EYT people have earned the right to retirement create the need for additional funds in the companies.
- Despite the reduction in natural gas and electricity prices in the last month, the weighted effect of these expenses on total costs continues.
- October increase in the volume of Exchange Rate Protected Deposits and expectations of tax measures to be taken to cover the additional costs that this deposit will create to the State Treasury or an increase in the volume of emissions.
- The exchange rate increase remains below the inflation volume and the valuable TL makes rival countries advantageous in exports.
In addition to the above mentioned elements, it is the fact that each company faces problems that occur within the characteristics of its own sector, customer portfolio, production-sales strategy, financial strength and Sunday expectations.
Within these considerations; our companies of all sizes; pay Sunday expenses to avoid market losses, support its financial structure, ensure real growth and adequate profit, carefully evaluate national and international risks and opportunities to be minimally affected by domestic and international negativity, make balanced investments with its financial structure, diversify its customer portfolio, regularly track customer payments, take measures to ensure that liquidity ratios are in line with industry averages to avoid market losses, support its financial structure, provide real growth and adequate profit, be minimally affected by domestic and international negativities, make balanced investments with its financial structure, diversify its customer portfolio, regularly monitor customer payments, take measures to ensure that liquidity ratios are in line with industry averages., it will be appropriate for them to do cost control well and to attach importance to institutionalization, especially in small and medium-sized companies.
Rating Meter A.Sh.