GERMAN INVESTORS INTERESTED IN TURKEY
Turkey's robust economy with record growth rates continues to lure foreign investors to the country. German companies who are planning to cash in on the strong domestic demand and high growth potential are taking the lead in increasing their investments in the country, according to German daily, Bild.
The newspaper reports the wholesale market chain Metro has 24 new stores slated to open in 2012 and energy company E.ON's has a strategic move to focus on Turkey along with Brazil and India.
BSH's thriving business in Turkey, complete with R&D, production and export operations, will get EUR 300 million worth of investments over the next five years, according to the article on Bild's website , highlighting Turkey's importance in the German white goods maker's global plans.
Another successful German investor in Turkey, Mercedes-Benz, has a five-year-plan which also includes investing EUR 130 million in its Turkish plant, encouraged by strong domestic sales volume that has now become the company's third largest sales market after Germany and Brazil. Mercedes-Benz's Aksaray plant has been manufacturing and exporting heavy trucks to the world markets for 25 years, according to the aforesaid article.