The Turkish economy is going through extremely lively times. So, what is on CEOs’ agendas in this situation? Capital’s “CEO Profile 2014”, which has already become a tradition, illuminates important issues at a time when the problems faced by the business community have increased.
A total of 60 percent of the 106 CEOs who participated in the survey said that they expected their business to go well next year, while 7 per cent thought it would go very well. 70.9 per cent thought that there was still a risk of a crisis. But there were also those who predicted that the encouraging signals coming from Europe would increase exports and boost growth. Productivity once again tops the CEOs’ agendas.
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WATCH OUT FOR FINANCIAL RISKS!
There are many financial risks in 2014. All of the CEOs who participated in the survey said that they would be cautious in the face of these risks. The most important risk that the CEOs will take measures against is volatility in the exchange rate. 21.3 per cent of the CEOs say: “We shall take measures against exchange rate volatility. We shall use futures, swaps and options.”
Index Group CEO Erol Bilecik is one of these executives. Bilecik says: “I see exchange rate differences and developments that could lead to this as the most important financial risk. We shall definitely use forwarding to hedge against this kind of problem with the TL.” The end of the FED’s quantitative easing is expected to result in money leaving developing countries all over the world.