Investing in Turkey yields returns: Türk Traktör CEO

SAKARYA-Anadolu Agency

Turkey’s investment environment is one that enables investors to get returns, according to the CEO of leading Turkish tractor manufacturer Türk Traktör.

“Investors should invest in Turkey for the medium or long term. A number of decline periods in the short term should not frighten investors because these are signs of growth,” Marco Votta told state-run Anadolu Agency.

Votta, a longtime expatriate resident of Turkey, added that Turkey can make its investment environment even more attractive if the country innovates in functionality and design.

“This can make the country stand out,” he said.

Türk Traktör, a joint venture between CNH Industry and Turkish conglomerate Koç Holding, was founded in 1954. The company makes tractors, engines, transmissions, and front and rear axles.

Votta, a graduate of Bocconi University in Milan, said he has been in Turkey for more than 20 years.