Austrian investors shifting their investment activities to Turkey

Austrians look to invest in Turkey

Austrian investors are shifting their investment activities to Turkey – especially the energy sector – because of the economic crisis in Europe, Austria’s commercial counselor for Turkey has said.

“Turkey’s economic performance and stance show that the country has chosen the right path. This in turn strengthens the relations between our countries and Austrian investors are aware of this,” Konstantin Bekos said.

In addition to the energy sector, Bekos said Austrian investors were also interested in agriculture, animal husbandry, security technology and winter tourism in Turkey.

Many Austrian firms are investing in spare parts in Turkey’s automotive sector and were therefore closely eyeing developments regarding the Turkish government’s plan to create a domestic Turkish automobile, he said. 

“We are ready to collaborate on the domestic automobile. If we are successful, we can create new avenues of business and support the creation of new sectors,” Bekos said.

22.02.2012
SOURCE: HDN