Major Danish firms support for Turkey's EU accession bid
Monday, September 21, 2009
Turkey has the aim of developing and strengthening economic and commercial ties between Turkish and Danish companies. In a meeting in Istanbul, Representatives of major companies from Denmark have reiterated their firm support for Turkey's European Union accession bid.
Chief executive officers of 19 leading Danish firms, including Maersk, one of the world's biggest sea transportation companies, energy firm Dong and leading beer producer Carlsberg, with representatives from Dogan Broadcasting and Publishing Holding attended the meeting of Young Presidents' Organization, held at the Dogan Media Center.
Speaking at the meeting, Stefen Kragh, Egemont Group head said, "Turkey is one of the world's top 15 economies, and has a great potential to develop." Kragh said some of his colleagues were in Turkey for the first time to attend the meeting, and had already had their views of Turkey changed, and added; "Now they all believe that Turkey should be part of the EU.” If the government can make significant progress; and full EU membership for Turkey looks like becoming a reality it will likely trigger a buying spree; with overseas property investors attempting to buy in advance of the massive price growth.
EU membership provides a massive boost to property price growth in new member states; with Bulgaria and Estonia as shining examples. The Turkish property market is doing brilliantly in its own right, with prices still growing on some properties even as prices fall all around the world. This being made possible mainly by record tourism growth; 23million visitors last year, and 30million expected this year.
Social BookmarkingChief executive officers of 19 leading Danish firms, including Maersk, one of the world's biggest sea transportation companies, energy firm Dong and leading beer producer Carlsberg, with representatives from Dogan Broadcasting and Publishing Holding attended the meeting of Young Presidents' Organization, held at the Dogan Media Center.
Speaking at the meeting, Stefen Kragh, Egemont Group head said, "Turkey is one of the world's top 15 economies, and has a great potential to develop." Kragh said some of his colleagues were in Turkey for the first time to attend the meeting, and had already had their views of Turkey changed, and added; "Now they all believe that Turkey should be part of the EU.” If the government can make significant progress; and full EU membership for Turkey looks like becoming a reality it will likely trigger a buying spree; with overseas property investors attempting to buy in advance of the massive price growth.
EU membership provides a massive boost to property price growth in new member states; with Bulgaria and Estonia as shining examples. The Turkish property market is doing brilliantly in its own right, with prices still growing on some properties even as prices fall all around the world. This being made possible mainly by record tourism growth; 23million visitors last year, and 30million expected this year.
Labels: Turkish-property
Italy wants to expand its investments in Turkey
Sunday, September 6, 2009
Italy wants to expand its investments in Turkey, currently concentrated in western regions, throughout the country, according to an Italian Official.
Carlo Marsili, the Italian Ambassador to Turkey said that economic relations between the two countries steadily improved, noting that the number of Italian companies operating in the Turkish market is proof of Turkey's importance for Italy. Currently, there are about 714 companies, including Pirelli, Fiat Italcementi and UniCredit. He highlighted the fact that Italian direct investments in Turkey amounted to USD 5 billion, accounting for a three percent share in overall foreign investments in the country, while the annual trade volume between the two countries stands at around USD 20 billion.
Marsili said the Italian companies in Turkey mostly operated in the industrial, cement, banking and SME sectors. He added that they want to spread Italian investments in the western region to other parts of Turkey, noting they are making assessments on cities like Adana, Gaziantep, Konya and Kayseri. This is yet more good news for the Turkish property market; it is both a testament to the massively rising popularity of Turkey with European Investors.
Roberto Luongo, director of the ICE's Istanbul office, told Hurriyet Daily News and Economic Review in an interview, "We think research and development centers and technoparks will have the utmost importance in boosting a country's development." Italian representatives are scheduled to visit Ankara and discuss projects on launching "technoparks" in Turkey.
Italian companies have a keen interest in Turkey, Luongo emphasized. "Italy is Turkey's third-largest trade partner, following Russia and Germany." Italian investments in Turkey total around USD 4.7 billion, "We are the fifth largest investor in Turkey," said Luongo.
Social BookmarkingCarlo Marsili, the Italian Ambassador to Turkey said that economic relations between the two countries steadily improved, noting that the number of Italian companies operating in the Turkish market is proof of Turkey's importance for Italy. Currently, there are about 714 companies, including Pirelli, Fiat Italcementi and UniCredit. He highlighted the fact that Italian direct investments in Turkey amounted to USD 5 billion, accounting for a three percent share in overall foreign investments in the country, while the annual trade volume between the two countries stands at around USD 20 billion.
Marsili said the Italian companies in Turkey mostly operated in the industrial, cement, banking and SME sectors. He added that they want to spread Italian investments in the western region to other parts of Turkey, noting they are making assessments on cities like Adana, Gaziantep, Konya and Kayseri. This is yet more good news for the Turkish property market; it is both a testament to the massively rising popularity of Turkey with European Investors.
Roberto Luongo, director of the ICE's Istanbul office, told Hurriyet Daily News and Economic Review in an interview, "We think research and development centers and technoparks will have the utmost importance in boosting a country's development." Italian representatives are scheduled to visit Ankara and discuss projects on launching "technoparks" in Turkey.
Italian companies have a keen interest in Turkey, Luongo emphasized. "Italy is Turkey's third-largest trade partner, following Russia and Germany." Italian investments in Turkey total around USD 4.7 billion, "We are the fifth largest investor in Turkey," said Luongo.
Labels: Investment-property
