Time to invest in Turkey

  Date posted: 11th of May 2012

The head of the official investment agency in Turkey has said that now is the prime time for investors to look to Turkey for investments

Investment Support and Promotion Agency of Turkey (ISPAT) President, Ilker Ayci, said: “As an organisation directly reporting to the Prime Minister, ISPAT guides and directs foreign investors coming to Turkey, providing a ‘one stop shop’ service without dealing with red tape.” Ayci went on: “The Agency aims to attract export-oriented, competitive investments to Turkey, and helps foreign investors utilize Turkey’s skilled labor force.”

Ayci was speaking during a meeting in Germany in which he called on more German investors to move to Turkey to invest and take advantage of the gains which can be had in Turkey. Currently there are around 5,000 German companies that have operations in Turkey or trade with Turkey, the current rate of trade volume between Turkey and Germany was measured at 32 USD billion in 2011. The relationship between Turkey and Germany goes back a long way, many Turks live and work in Germany.

Ayci spoke of the total trade volume in Turkey, saying: “Turkey’s trade volume in the last 10 years have risen from USD 31 billion to USD 134 billion, and there are investment opportunities in every corner around the country.” Those who are looking to start a business are assured that ISPAT will do everything in their power to help simplify the process and make starting a business in Turkey as easy as possible for foreign investors interested in Turkey.