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Turkey encourages value-added digitalization 

ISPAT President Arda Ermut recently attended the 14th Vienna Economic Forum (VEF): Vienna Future Dialogue 2017 and was a panelist at the first plenary session on vision and investors’ response to digitalization.


“It is critical that Turkey not only continues to play to its strengths, but that it also takes its place among the leading economies by implementing digitalization in its economy and its society,” acknowledged Ermut. “In this respect, the goal must be to ensure and enhance the sustainability of our competitive advantages with digitalization, and, beyond this, to create a Turkish digital industry with greater added-value that takes on a larger share of the world’s production value chain. We must remember that this will help Turkey achieve its goal of moving from an emerging market to a global leader.”


During the forum, ISPAT and VEF, in the presence of Turkey's Ambassador to Austria Mehmet Ferden Çarıkçı, signed an agreement to establish long-term cooperative ties and expand cooperation possibilities. Under the terms of the agreement, ISPAT – as an active member of the VEF board – will contribute to the realization of VEF’s goals by assuming a directive role and promoting its activities.


The second phase of the Austria visit consisted of two separate meetings. At one, Austrian companies were updated on Turkey’s economy during a roundtable at the WKÖ-Austrian Economic Chambers, which represents over 450,000 corporations. The other meeting saw ISPAT President Ermut showcase Turkey's myriad investment opportunities to Austrian fund managers in Vienna.

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