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Koç: Single party stability’s ‘most obvious’ prerequisite

Koç: Single party stability’s ‘most obvious’ prerequisite - Honorary President of Koç Holding Rahmi Koç said the economy was currently doing well in Turkey and that a single-party government was the most obvious prerequisite for stability.
Honorary President of Koç Holding Rahmi Koç said the economy was currently doing well in Turkey and that a single-party government was the most obvious prerequisite for stability.

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In a statement to the Anatolia news agency, Koç said the economy would continue doing well as long as there was political stability and noted that the economy was strong enough not to be hurt by minor instabilities. The current strength of economy stems from the power of industry, politics and democracy, which have become experienced, he noted.

Rahmi Koç said:“If we go through a serious political jolt, it would surely impact the economy, which was damaged in previous days because of heated [political] debates. A single-party government is the most obvious prerequisite for stability.”

Asserting that everything should be made as easy as possible for foreign capital to enter Turkey, Koç recalled that capital was being attracted by many countries, particularly China and India. “They develop newer and newer strategies every day to attract more foreign capital to their countries. We shouldn’t envy foreign capital. We also shouldn’t discriminate against foreigners. An investment is an investment, a resource is a resource and money is money. The investments made in Turkey belong to this country; nobody can put everything in his pocket and run away.”

‘Bidders should be checked before tenders’

Koç said that he was bewildered by the discussions over privatization. Bidders should be checked before tenders, Koç said. “I firmly believe that they conduct the necessary checks. I’m sure they have the prior knowledge of who the companies belong to and which country they are from. I believe that writing negative things about a winning company once a tender is finished to confuse people serves nothing but to damage this country.”

Koç recalled that they had won a tender for two power plants during the term of previous governments but that they were still unable to buy and operate those power plants. “We won the tender years ago. Although they told us that the state would give us a guarantee, nothing has ever been given to us. If those power plants had been given to us then, they would’ve become far bigger and would now be contributing to our electricity production,” he noted.

In order to overcome power cuts in industry, nuclear power plants should be built, Koç stressed, and remarked that this topic had been in the limelight for 20 years but that it was stopped by an “invisible hand” whenever it reached the stage of tendering. Koç also stressed that power cuts sometimes obliged massive industrial compounds to stop operating and restart again, which seriously increased costs, Koç said. “We should look to alternative resources. There is wind power. We should also build more hydroelectric power plants. The country is growing, and industry is developing.”

31 July 2007, Tuesday

TODAY’S ZAMAN WITH WIRES  İSTANBUL

   

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