12/21/2009

Major Dutch insurance firm to invest in Turkey

 

Dunya – “Dutch insurance company Eureko plans to shift its major investments to Turkey from several countries”, said Zafer Caglayan, Turkey’s State Minister for Foreign Trade, to reporters during his visit to the Netherlands.

 

Caglayan stated that Eureko, a leading European financial services group with businesses in the insurance sector and operations in 13 countries, plans to channel a major share of its world investments to Turkey. "Eureko will bring its investments to Turkey in 2010", Zafer Caglayan told the media after a reception hosted by the Turkish Embassy in The Hague.

 

Eureko, the largest insurance group in the Netherlands, is already active in the Turkish market after insurance firm Eureko Sigorta acquired an 80 percent share of Turkey's Garanti Bank. "I met with top executives of the firm", said Caglayan. "They told me that Eureko will vacate those countries and bring investments to Turkey. The company wants to grow in Turkey."

 

In addition, Caglayan stressed that he met with executives of BAM, a Dutch engineering and construction industries company with USD 9 billion in annual revenues, and added that they want to enter the Turkish market and are interested in building the third bridge on the Istanbul Straits. Caglayan also discussed with his Dutch counterpart Frank Heemskerk ways of boosting bilateral trade ties between their countries.

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