Ambassador Jürgen Schulz: Some companies hesitate to invest in Turkey

Jürgen Schulz

German Ambassador to Ankara Jürgen Schulz told AA correspondent: “We also know that some companies are hesitant to invest in Turkey. Investment conditions need to be attractive. These conditions should include legal guarantees, planning security, i.e. the ability to plan for the long term, and ease of financing. These are the positive framework conditions they expect.”

Ambassador Jürgen Schulz, in his assessment of the commercial relations between Turkey and Germany, emphasized that Turkish-German commercial relations are quite comprehensive in a wide range of fields and that the relationship between the two countries, which has a deep-rooted history, is also very balanced.

Noting that Turkey is one of the largest and most important countries that Germany exports to, Schulz said:

“Germany is also the most important and the largest country that Turkey exports to, and it ranks third among the countries that Turkey imports from, after Russia and the People’s Republic of China. Despite this, we want our relations to intensify and develop further in this field. Both in the field of trade and investments. The energy sector plays a very important role in our bilateral relations. More than 8 thousand German companies have invested and are still active in Turkey. Among these companies, there are many companies working in the energy sector.”

Stating that the German delegation welcomed the invitation of the Minister of Energy and Natural Resources Alparslan Bayraktar to German investors to Turkey at the 5th Turkish-German Energy Forum held in Ankara, Schulz said that they know that German companies in Turkey are very satisfied with their operations here and added, “We know that they have very positive experiences. But attracting new investors is another issue. We also know that some companies are hesitant to invest in Turkey. Investment conditions need to be attractive. These conditions should include legal guarantees, planning security, that is, the ability to plan for the long term, and ease of financing. These are the positive framework conditions they expect.”

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