Turkish Firms Targeting Investment in European Countries

As many countries in Europe feel the threat of a new global crisis to hit the continent, Turkey has the guts to take new initiatives by investing abroad.

This certainly is not due to accumulated financial capability but also the know-how and experience Turkish entrepreneurs have gained during the last few decades which has in return led to self confidence.

In fact Turkish businessmen have taken the lead in several fields of business such as construction, automotive, tourism etc.

Accordingly it is reported by experts that Turkish firms may boost their investments abroad significantly this year, especially in southeastern European countries such as Greece and Romania.

An executive from auditing company Ernst & Young has made the following statement in an interview;

“I foresee Turkish firms investing about $1 billion abroad through transactions of $50-200 million. Most of these investments will take place in regions neighboring Turkey, especially the Balkans. If certain Turkish firms invest more than $200 million, the total foreign investments from Turkey might be even higher by year’s end”.

It would be no surprise to see this announcement come true as Turkey is among the very rare countries to challenge the Chinese economy currently, which is certainly considered to be a nightmare for the USA and the EU.

03.08.2011 – 13:32