3/21/2011

“Foreign business interest in Turkey enormous”

Today’s Zaman - Bulent Eczacibasi, Chairman of one of the largest business conglomerates in Turkey, Eczacibasi Holding, active in the fields of healthcare, building materials, finance and IT as well as a number of other sectors, has said that times have changed as foreigners now ask Turks to establish partnerships in Turkey, in stark contrast to the near past when Turkish businesspeople scrambled to convince foreigners to invest in the country.

“Turkey is regarded as both economically and politically stable and investor interest to the country is enormous,” he told a group of Turkish reporters on the sidelines of the ISH trade fair in Frankfurt on Saturday. “Turkey managed to have a healthy public finance structure after bringing its debt to reasonable levels. It decreased its budget deficit to 3.5 percent of its budget, outpacing most European nations. It has gone a long way in privatization and also strengthened the environment for investment by ensuring free market competition. It also took inflation under control,” he was quoted as saying by the Anatolia news agency, elaborating on the country’s economic accomplishments.
turkey; turkish economy; eczacibasi holding; bulent eczacibasi; foreign businesses turkey; partnerships turkey

ENGLISH