3/25/2011

North African turmoil urges Italian companies to consider Turkey

Dunya - Italian companies experiencing difficulties due to the unrest in North Africa, take a serious look at Turkey as an alternative investment location. The number of Italian companies inquiring about investments in Turkey is on the rise since January when popular uprisings in Tunisia and Egypt began, according to Turkish trade missions in Italy.

Eight Italian companies are reportedly considering investments in Turkey, with a few of them being Invictorled, a producer of industrial lighting systems, the Miglioli Group in solar energy, Dataprocess in electronics, ICSS in packaging and Magnetica in electric motors.

Leading Italian brands Fiat and Pirelli have major investments and production operations in Turkey and the trade between the two countries reached USD 14 billion in 2010.
turkey; italy; turkish-italian; italian companies; north africa; italian investments; fiat; pirelli