Turkish-Austrian Economic Forum
Posted by meb at May 23rd, 2008
Turkish Union of Chambers and Commodity Exchanges (TOBB) President Rifat Hisarcıklıoğlu has said TOBB expects to see more cooperation with Austrian-based firms and more Austrian investment in Turkey.
The Turkish-Austrian Economic Forum, organized by the Turkish-Austrian Business Council, which operates under the Foreign Economic Relations Board (DEİK), was held in İstanbul yesterday. Speaking at the forum Hisarcıklıoğlu said foreign investments were important for Turkey’s development and that more than $50 billion in foreign direct investment (FDI) had come into Turkey over the last three years as a result of reforms improving the business and investment environment. He said Turkey had been named one of the fastest reforming countries by the World Bank and noted that Austrian investment in Turkey had amounted to $1.5 billion over the last two years, with 265 Austrian-based firms currently operating in Turkey and more on the way.
Austrian Federal Economic Chamber President Christoph Leitl said their visit to Turkey was exciting, interesting and extraordinary. “We have come to the end of the trip, but we are not tired,” he said, adding that the forum was the highlight of his visit.
source: Today’s Zaman
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