The Turkish people preferred preservation of the economic achievements of the last four-and-a-half years and lent their support to the Justice and Development Party (AK Party) for new steps enabling the country to develop a more affluence and prosperity. They are also now expecting the postponed social security and taxation reforms. "If these are all completed, the economy will leap forward," they say and claim that the exchanges will soar in the short and medium terms. Businessmen also stress that if the presidential election is carried out in a compromise, the situation will improve immeasurably. Furthermore, central bank officials said the results will have positive implications in terms of monetary policy and that a decline in the overnight interest rate may be expected as well.Turkish Confederation of Businessmen and Industrialists (TUSKON) Chairman Rızanur Meral: People have clearly indicated that the government is successful and should continue running the country for the next term. They also gave a green light for the continuation of its foreign policy directed toward complete integration with the world. The results may also be commented upon as the AK Party's carnet for its previous term. The people gave them a "good" grade. Now, seeing the continuation of the single party government, investors will make faster decisions about investing in Turkey. I also believe the İstanbul Stock Exchange (İMKB) will surpass 55,000 points in the short term.
Turkish Exporters' Assembly (TIM) President Oğuz Satıcı: The results are in parallel with expectations of foreign investors, who were anticipating a single party government with fewer deputies. All in all, citizens have voted for stability. That means the government has an important task in preserving stability.
Young Businessmen's Association of Turkey (TUGIAD) President Hazim Sesli: The voters put their will for stability, not for chaos, on the table. They also gave the opposition a clear message, which is "differentiate." The entrance of the Nationalist Movement Party (MHP) and the independent deputies into the Parliament is an indicator of democratic maturation. These elections shouldn't be taken merely as general elections. They will have effects on the presidential election as well. Turks cast their votes considering what had happened in the failed attempts of the presidential election. Now the next government has to decrease the rate of unemployment and complete the incomplete social security reforms.
Akfen Holding Chairman Hamdi Akın: I am very happy about the outcome of the elections. It is satisfying to see that they were very fair and finished without untoward incidents. We have now moved from a two-party Parliament to three-party one. If the presidential election can be managed well, all major economic and political obstacles will be removed from before the country. We will see a serious upswing in the İMKB. Privatizations will continue at full speed. Capital from global markets will continue pouring in. Now we may easily say that YTL 1 is equal to $1.
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