Foreigners attracted to Turkey
Posted by meb at February 5th, 2009
Many investors are still interested in Turkey, according to Ayşe Yüksel, a partner of Chadbourne & Parke. However, they are waiting for asset prices to drop as it has become harder to find financing to cover big purchases, she says
Foreign investors are still interested in Turkey despite the ongoing global crisis, according to the Turkish partner of Chadbourne & Parke, a global law firm.
“Turkey is in a much better situation compared to the United States, Europe and the United Kingdom,” said Ayşe Yüksel, who also is the head of Chadbourne’s Middle East and North Africa, or MENA, and Turkey Corporate Practice Group.
Speaking to a correspondent of Anatolia News Agency at New York head office of Chadbourne, which has approximately 500 lawyers and 13 offices, including four in the United States, she said Turkey had been very active in economic terms within the last few years.
The firm’s clients are the companies, banks and funds from all around the world that are interested in Turkey, Middle East and North Africa, she said. In Turkey, particularly private capital funds that want to come from Middle East, the United States and Europe loom large, she said, adding that there are also clients that want to acquire strategic companies.
source: Hurriyet daily news
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