ITO President Avdagiç on growth assessment

Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated, "In a climate where external demand conditions are weak, regional aggressions and tariff wars are intensifying, the real sector's continuation of increasing its investments in the third quarter is a positive development. The 11.3 percent increase in machinery and equipment investments shows that we are maintaining our manufacturing and investment power." In a written statement, İstanbul Chamber of Commerce (ITO) President Şekib Avdagiç assessed that the Turkish economy grew by 3.7 percent in the third quarter of the year compared to the same quarter of the previous year. Avdagiç noted that the increase in investments was noticeable when looking at the subheadings of growth, stating, "We find the 11.7 percent increase in investments in the third quarter of 2025 valuable. It is pleasing that the Turkish economy has carried its growth trend into the 21st quarter. It is of great importance to accelerate investments and ...