Germans Companies in Turkey don't Regret Their Investments

German Chancellor Angela Merkel was in Turkey for official contacts last week.

Referring to the economic and political salience of Merkel’s visit to Turkey, experts note that the stable political relations will further improve economic relations.

Chairman of the German-Turkish Chamber of Trade and Industry Teoman Yelkencioglu says the German companies are ambitious to make investments in Turkey. Yelkencioglu stresses that the businessmen on Merkel’s delegation had very good impressions about Turkey.

Nothing that some German businessmen want to increase their investments in Turkey while others want to make new investments, Yelkencioglu said that business delagtions have been visiting Turkey to examine the Turkish market first hand.

Pointing out that more than 2,300 German firms have invested in Turkey so far, Yelkencioglu says: “None of them is regretful. Those who cautiously made investments in the past are now coming for more investment.”

However, he also notes that the firms have slight complaints about the high cost of energy as well as security issues in Southeastern Turkey.

The high level representatives in Merkel’s delegation from Eurocopter Deutschland, Multivac Sepp Haggenmüller, ThyssenKrupp Marine System, Diehl Stffung and Co, Berlinwasser International, OHB System, ALSTOM Power, HOFFMANN Power, METRO, Steigenberger Hotels, KATAG, BTC AG, WALL AG, SIEMENS, Flemming&Pehrsson, and Sahinler Group Europa met with Turkish businessmen.