Erdogan: SMEs should become a powerful sector of the global economy

Erdogan: SMEs should become a powerful sector of the global economy


Small and medium enterprises contribute a great investment and will open the way for the development of the world economy, said President Recep Tayyip Erdogan.

ANTALYA, 15 Nov. Alain Le Creative Cluster. The development of small and medium-sized enterprises, which will be a powerful sector of the global economy will pave the way for major investment, said President Recep Tayyip Erdogan at the summit of leaders of the countries “big twenty” in Antalya.

“Small and medium enterprises contribute a large investment, this will pave the way for the development of the world economy, to aspire the world. They will be a great reservoir in the global economy. Turkey has taken important steps to promote development of this sector”, — said the Turkish President.

He considers it important to lower Bank rates to small and medium enterprises to promote their development.

“In Turkey the percentage is high, low in the West. But with such a percentage isn’t going to be investment? Will our small and medium enterprises to develop their entrepreneurial spirit, their little company? No. Because you need to reduce the cost of money. While the price of money will increase, any young entrepreneurs or young women will not be able to work, they will quickly go bankrupt,” he said.

He also urged businessmen to be more generous. “We should not be greedy for money. We are all mortal, and with money you can’t take it. Let’s put them here and leave for others. Let’s make an equitable division of the main,” said he.