2/22/2008

ABFT: ''US companies in Turkey to increase investments by 70 pct''

Today’s Zaman - A recent survey has revealed that US companies operating in Turkey plan to increase their investments by 70 percent. The survey, titled “Business and Investment Climate in Turkey,” was conducted by the American Business Forum in Turkey (ABFT), which interviewed top executives of 70 US companies that have active investments and operations in Turkey. As 70 percent of the US companies’ top executives in Turkey plan to increase their investments in the country in the future. Red tape, exchange rates, taxation, the legal system, intellectual property applications and labor costs were given as obstacles standing in the way of the country’s worldwide competitiveness. A significant number of US executives expressed their belief that the new government will achieve macroeconomic stability, and two-thirds of those polled said the returns on their investments are worth the risk and that they are able to find qualified and highly motivated employees.

ENGLISH