Carlos Torres Vila (BBVA): “We have great confidence in Türkiye’s long-term potential”

During his speech, Carlos Torres Vila remarked that BBVA has "great confidence in Türkiye's long-term potential", underlining that the summit has been a great opportunity to build and promote a framework for further collaboration and dialogue between the two countries. He also shared BBVA Research's positive outlook for the Spanish and Turkish economies, which are expected to grow by 2.5 percent and 3.5 percent in 2024, respectively.

BBVA's Chair congratulated the Spanish government for the good performance of the economy and underscored the commitment that the bank shares with the Spanish Government on key issues such as ecological transition, renewable energy and inclusive growth in the face of climate change. He also welcomed the launch of the Spanish Productivity Council, which, in his opinion, should help lay the foundations for long-term growth shored up by a steady increase in private investment.

Looking at Türkiye, Carlos Torres Vila praised Turkish society for its entrepreneurial spirit, its demographics and its regional leadership, which gives it immense potential to become a manufacturing hub for the European Union. He also underscored that the economic policies implemented by the Turkish government in recent months are showing positive results.