Investment and financing program of SOEs for 2027 was published.

"Presidential Decision on the Determination of the General Investment and Financing Program of Public Economic Enterprises and Subsidiaries for 2027" was published in the Official Gazette.

Accordingly, public enterprises will take measures to increase efficiency and profitability in all business activities within the framework of corporate governance principles and follow an effective human resources policy.

By evaluating idle real estate, the amount and price of raw materials to be supplied for the goods and services to be produced and the quantity and prices of goods and services produced will be determined to meet the targets in the program. Importance will be given to R&D and innovation studies on issues related to the fields of activity. In order to produce better quality and lower-cost goods and services under market conditions, developments in production technology will be followed, and information and communication infrastructure and organizational structures will be reviewed.

Public enterprises will be responsible for keeping and managing their commercial credit usage and financial liabilities to a minimum. Production from domestic and renewable energy resources will be maximized. In order to reduce the energy consumption and costs of enterprises, attention will be paid to the implementation of energy management activities and energy efficiency measures. Effective risk management will be applied in business activities, measures will be taken against financial risks, and a savings-oriented approach will be shown.

These undertakings will be free to determine the prices and tariffs of the goods and services they produce, provided that the relevant legislative provisions are reserved. Sales prices and tariffs will be determined by taking into account the principles and policies in the implemented economic program, financial targets and the financing needs of the enterprise.

Public enterprises, regardless of public and private sectors, will take the necessary measures to pay all their debts on time and collect their receivables, including dividends, on time.

On the other hand, the financial targets of SOEs for the next year were also determined. Accordingly, SOEs are expected to make a total investment of 754 billion 196 million 990 thousand lira in 2027.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)