The Renewed Management of YASED Announced Its New Vision:

“We will support raising the economy of Turkey to the top 10 in the world ”

The new board of directors of YASED,  which is the sole representative of international investors in Turkey, shared  the renewed YASED mission and vision with the public during the meeting at The Marmara Hotel on Tuesday,  July 5th,  2011.  The YASED Chairman of the Board, İzzet Karaca, stated that, according to  their renewed vision,  they will be an institution that will give full support to the ascent of the economy of Turkey to the top 10 economies in the world .

July 5th, 2011; İstanbul- The YASED International Investors Association board of directors which had been renewed in February 2011 faced the public for the first time through a press conference. The newly elected chairman, Mr. İzzet Karaca, made the keynote address  at the meeting where the renewed mission and vision of YASED was presented to the members of the press.  In his speech, YASED Chairman of the Board, İzzet Karaca,  thanked everyone and every institution that have been united under the roof of YASED for 31 years, that have given service and have contributed to the mutual benefit of the “country economy” through “international investments” during the period of their alliance to YASED.

“Turkey is the country at focus”

After declaring the new roadmap determined by the YASED management, Karaca stated that, according to the surveys made, the private sector in Turkey was more negatively effected by the financial crisis and on the other hand, it grew much faster when the economy in Turkey grew. YASED Chairman of the Board İzzet Karaca added that the rapid growth process helped Turkey to swiftly come to the forefront in the global economy.   He also indicated that the international investors in Turkey are increasingly becoming more active local players and continued: “As our international companies in Turkey grow, they stand out globally. Turkey is becoming the home base in the sense of production, export, logistics and management resources with the leadership of international capital funds.  Many of our companies have managers that work abroad. Therefore, in YASED’s new vision, developing Turkey’s position as being a home base in various areas takes a very important place.”

Sustainability and the new vision  

Karaca pointed out that when we look at growth rates in general, during crisis periods private sector investments and related household consumption decrease at a higher rate compared to the receding of gross national product; whereas during periods when gross national product grows, there is a higher growth rate in the private sector in Turkey. Therefore, the sustainable growth of companies which are YASED members is parallel to the sustainable growth of Turkey.  YASED Chairman of the Board, İzzet Karaca, expressed the new vision defined by the YASED management as being  an establishment which supports the target of “Turkey rising to the top ten economies in the world” in the 100th year of its republic by creating high added value. 

To realize YASED’s new vision, the mission of YASED is to contribute with all its might to the positioning of Turkey as “the country with the best investment environment” in the world, added Karaca.   To this end, YASED will become an institution that takes responsibility for and participates in the subjects of establishing international standards and the best applications in Turkey through know-how, experience and communication network, acquiring public support for international investments and extending the perception of Turkey as a  center of  attraction.

YASED stands shoulder to shoulder with the Turkish economy…

Karaca stressed that the new management has a busy schedule ahead of them to continue with the work already being carried out and to take new steps. He said that YASED has made a strong start for the target of creating a better future both for international investors and for Turkey, and that YASED will give priority to the subjects of “enhancing investments compliant with international standards”, “strategic contribution to value added and sustainable growth”, “improving the public perception of international investments and getting the support of the public” and “supporting the EU adaptation process”  to realize its new vision and mission in 2011-2012.

Value added strategic contribution

In order to enhance investments compliant with international standards YASED has decided to focus on the areas of legal security, taxes and incentives, employment and education, intellectual and industrial property rights, R&D and technology usage.  As for strategic contribution to value added and sustainable growth, YASED is getting ready to put into practice concrete solutions for reducing grey economy, increasing the competitiveness of Turkey, supporting the development of policies to increase exports,  active participation and guidance in legal regulations,  technical contribution to Turkey’s becoming “regional base”, transferring international accumulation and sharing sectorial expertise with public authorities and the media.

Karaca highlighted that YASED member companies will continue with international investments that generate local benefits in 2011-2012 too, and that international investments are always to Turkey’s advantage.  He said that they will contribute to the development index through social responsibility projects on the subject of supporting the EU adaptation process, and that their priority target is sustainability.

YASED, the Management of which has changed in February 2011, will seek common solutions for sectors through work groups.

International Investors Association YASED determined its new board of directors at its 30th Ordinary Meeting of the General Assembly held on February 24th, 2011. The new management assembled on Wednesday, March 2nd, 2011 and elected Mr. İzzet Karaca to perform the duty of the chairman of the board, for two years.

As a result of the voting, while eight names in the Board of Directors comprising 15 members did not change, the following seven new names have been added to the list: İzzet Karaca (Unilever Sanayi ve Ticaret Türk A.Ş.), Bülent Adanır (Akbank T.A.Ş.), Güldem Berkman (Novartis Sağlık Gıda ve Tarım Ürün. San. ve Tic. A.Ş.), Akın Kozanoğlu (Ergo Grubu Holding A.Ş.), Galya Molinas (Coca-Cola Meşrubat Paz. Dan. San. ve Tic. A.Ş.) Can Suphi (BP Petrolleri A.Ş.) ve Serpil Timuray (Vodafone Telekomünikasyon A.Ş.)

YASED NEW BOARD OF DIRECTORS