According to a report in the Turkish daily newspaper Dünya, Fuat Tosyalı, chairman of the executive board of Turkey-based Tosyalı Holding, has stated that the company aims to increase its turnover to over $9 billion this year and achieve exports of approximately $3 billion. In 2025, Tosyalı Holding will make investments in R&D, innovation, effective process management, renewable energy resources and artificial intelligence-based technology by prioritizing sustainability, efficiency and scale economy.
Evaluating 2024, a year when the green transition continued and geopolitical tensions occurred, Mr. Tosyalı stated that the trade disruptions caused by volatile market conditions affected the global economy and raw material and commodity prices. Recalling that Europe, which is Turkey’s main market, is having difficulties in terms of economic growth and that China is exporting its surplus production, Tosyalı noted that the tight monetary policy implemented to reduce inflation in Turkey has slowed down economic activities. He added that Donald Trump's re-election as US president will affect trade and that the possibility of the resumption of trade wars may have impacts on Turkey.