The government of Turkey on Oct. 21 will hold a free online investment seminar for Georgia companies.
The seminar is sponsored by Turkey’s Investment Support and Promotion Agency, which focuses on assisting foreign companies in investing in the country of 72 million people. The agency has helped more than 1,200 companies over the last two and a half years in building power plants, manufacturing facilities research and development centers and other operations in Turkey.
The online seminar will answer the question, “Why Turkey?” agency director Alev Gunay told GlobalAtlanta.
It will highlight Georgia companies such as Coca-Cola Co. and Delta Air Lines Inc. that have operations in Turkey, said Ms. Gunay. It will also discuss Turkey’s strategic location, connecting Europe, the Middle East and Central Asia, and its young workforce- the average age of the Turkish population is 28.5. There will be discussion as well on the promising sectors for foreign investment, including aviation, agribusiness and information technology.
Before the recession, Turkey’s economy was growing around 6 percent annually, said Ms. Gunay. Unlike many other countries, Turkey experienced no problems with its banking system during the current recession because of regulatory reforms enacted after a banking crisis in 2000. “Turkey has been very sound, very solid,” said Ms. Gunay.
However, because most other countries in Europe have been hard hit by the recession, Turkey’s exports this year have dropped and its gross domestic product has declined, Ms. Gunay said. The Turkish economy is expected to rebound next year, with growth of more than 3 percent, she added.
The seminar will be held from 10 a.m. to 11:00 a.m. Space is limited,. Register here. Participants will be able to ask questions at the end of the presentation via computer.
For more information on Turkey’s Investment Support and Promotion Agency click here.