TUSKON’s Meral tells Turkish firms in Germany to open to world


Date posted: April 6, 2014

FRANKFURT

Turkish-owned businesses in Germany should exert more effort to branch out into different world markets, a top Turkish union told entrepreneurs in Frankfurt on Thursday.

 

Addressing a panel organized by the Frankfurt Businessmen Union (Frankfurter Unternehmen Verein-FUV), Turkish Confederation of Businessmen and Industrialists (TUSKON) Chairman Rızanur Meral said Turkish investors in Germany have achieved success in adapting to European markets and now it is time to seek investment opportunities in the remaining part of the global markets. “Germany and Europe are developed markets where risk is very little, but the chances are also limited to boost your profits. … I would suggest that Turkish-owned firms in the developed world should turn their attention to developing markets,” Meral said.

Unofficial data shows more than 100,000 small, medium and large-sized Turkish-owned firms in Germany provide jobs for thousands of people and generate billions of euros in returns. The country is home to Europe’s largest Turkish minority, estimated at more than 3.5 million.

Meral asserted that Turkish companies based in Europe will find it easier to find investment opportunities in emerging markets where Turkey-based entrepreneurs have cultivated good relations over the past decade. The TUSKON head also highlighted that Turkish companies in Europe and Germany should also place emphasis on sharing expertise with local firms in each country and join powers with them to invest in emerging markets.

Also speaking at the event, FUV Secretary-General Metin Cavlak said they would organize more trade fairs and meetings abroad to encourage Germany-based Turkish firms to open to promising emerging markets.

A nongovernmental and non-profit umbrella organization for seven business federations, 211 business associations and more than 55,000 entrepreneurs from all over the country, TUSKON is the most effective business group representing Turkey abroad. It was set up in 2005 and has concentrated on the economic and social development of Turkey. It has four foreign representation offices, in Brussels, Washington, Moscow and Beijing, and partner organizations in a further 140 different countries. It now boasts the strongest domestic and international business network in Turkey.

Source: Todays Zaman , April 4, 2014


Related News

EC official: Turkey should address issues within limits of rule of law

Turkey should deal with its problems within the confines of the rule of law and the legal instruments of democratic societies, Alexandra Cas Granje, European Commission (EC) director of enlargement, has said in reference to a recent corruption scandal and draft bill on the Supreme Board of Judges and Prosecutors (HSYK).

Austria arrests two after arson attack on Turkish cultural center

Two suspects have been arrested in connection with an attempt to set fire to a Turkish cultural centre in the northern Austrian town of Wels, police said on Monday, at a time of heightened tension between Vienna and Ankara. The attack took place in early morning and the suspects, whom police declined to identify, were arrested immediately.

TUSKON-led trade volume reaches $30 billion

The trade bridges created at these meetings have led TUSKON to generate a trade volume of $30 billion so far. Unlike some similar initiatives, TUSKON doesn’t neglect small and medium-sized enterprises. TUSKON’s first priority at trade bridge events is to encourage local entrepreneurs to open up to the world. This choice is a strategic move to diversity markets. In parallel with Turkey’s foreign trade policies, TUSKON has created bridges with a number of trade blocs in Africa, Latin America and Europe and the Eurasia and Pacific regions.

Neither Erdoğan nor EU the same after five years

Erdoğan is going to Brussels as the prime minister of Turkey who doesn’t even have ambassadors in three of its region’s important capital; Cairo, Tel Aviv and Damascus. A negotiation chapter was opened in November 2013 after a three-year freeze. Erdoğan had to sack the former EU minister from the cabinet because of the allegations in relation with a major graft probe in December 2013 and appointed Mevlüt Çavuşoğlu to that post.

Islamic lender raises capital after massive gov’t withdrawal

Turkish Islamic lender Bank Asya has made a cash capital increase on the back of claims that state-owned companies and institutional depositors have withdrawn millions of Turkish Liras of the bank’s total deposits. The lender said it had decided to make a cash capital increase of 33 percent to 1.2 billion liras ($515 million) and was selling an 18 percent stake in retailer Yeni Mağazacılık (A101) for 298 million liras.

Gov’t media maintain attack on Bank Asya

Turkish daily Yeni Akit, with close links to President Recep Tayyip Erdoğan, reported on Sunday that Bank Asya extended loans to certain Turkish-owned companies abroad and failed to collect these loan debts.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Ex-ministers call on gov’t to abandon efforts to shut down Turkish schools

Turkish Deputy PM says he will not visit Gülen amid ‘prep school tension’

Gülen, the most important figure of tolerance and dialogue

Number of Kimse Yok Mu volunteers triple

Police wait outside delivery room to detain woman who just gave birth

Nigeria won’t allow mistreatment of her students by Turkey – Presidency

A Muslim Cleric That America Should Support

Copyright 2025 Hizmet News