Best time to invest in Turkey

A report that aims to attract US investors to Turkey is highlighting the car industry as an export champion.

This is the best time to invest in Turkey, according to a recent report that will be presented to U.S. investors and fund managers who decide on the flow of millions of dollars in funds.

The Boston Consulting Group’s Turkey branch and the Foreign Economic Relations Board of Turkey (DEİK) will present today a report on the “Global Advantage of Turkey” at the Turkey Investment Conference in New York, hosted by the American Turkish Society and Goldman Sachs.

Automobiles, textiles, chemicals, steel and food are underlined as export champion industries in the report. It also emphasizes Turkey’s importance technologically and socially, not just the country’s strategic importance.

Turkey’s dynamic population creates an extensive labor pool, the report said, noting that Turkey had the largest working age population – between 15 and 64 – in the European Union and Central and Eastern European countries.

The report also underlines Turkey’s privatization plans for state-run energy generation plants and distribution firms, banks, highways and bridges, ports as well as the country’s sole landline provider, Türk Telekom, and the national lottery company Milli Piyango.

“Explaining ourselves properly is more than important nowadays,” DEİK Secretary General Bahri Can Çalıcıoğlu said.

October 20, 2011
SOURCE: Hürriyet Daily News