German firms in Turkey should remain hopeful: Ambassador

ANKARA - Anadolu Agency

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German companies should remain hopeful about the future of their investments in Turkey as the country still offers considerable economic growth potential despite current turbulence, German Ambassador to Turkey Martin Erdmann said on Dec. 7.

Speaking at the “Turkish-German Economy Day” event in Ankara, Erdmann said he continues to be upbeat about the future of bilateral ties.        

“Sometimes it rains, [but after that] the sun comes up. The sun will rise again. I am optimistic about the future of Turkey-Germany relations. I believe the sun will rise again,” he said.  

“German companies operating in Turkey should remain hopeful by thinking about tomorrow,” he added.  
     
Erdmann particularly noted the demographic structure of Turkey’s young and well-educated population, saying it was a great asset as investors face considerable challenges elsewhere in the West, including with ageing and shrinking populations.        

“Turkey can compete with many European countries through its infrastructure. The country offers considerable economic potential ... The number of German companies in Turkey has now reached 6,700,” he added.        

Erdmann also praised the success of Turkish entrepreneurs in Germany.    
   
“Turkish entrepreneurs in Germany employ more than 500,000 people and generate 50 billion euros [$53.67 billion] in revenue,” he added.        

Nurettin Özdebir, the head of the Ankara Chamber of Industry, said ties with the German people remained strong despite political disagreements.      
 
“Even if politics make populist comments, our ties with the German people remain strong and trading relations will continue non-stop. What really matters is the people,” Özdebir said, urging businesses to cooperate further to enhance bilateral ties.