Foreign investor keeps confidence in Turkey
Turkey as a country has attributed great importance to energy investments during the recent years in specific to reach 2023 targets in economy. Within
this framework many projects have been brought to the agenda and in fact many
several have already been contracted.
a Turkish news agency, Mr. Mario DIEL president of Energy Council of Foreign
Investors commented that the normalization process with Russia and Israel and
the decision of the foreign investors to make full-scale resumption of
operations in the country were the most important indicators of confidence in
Turkey. The President also assessed the expectations of foreign investors in Turkey
for the next year.
expressed satisfaction of the association regarding the decision of the members
to continue their investment in Turkey and said "The decision of the
German EWE Holding to increase investments in Turkey and the announcement made
by the Danish Commodities of Denmark declaring their confidence in Turkey had
become stronger had been among the important developments experienced in Turkey
president went on to say that the contribution of the Turkish Government and
Mr. Berat ALBAYRAK in specific and the sustainable policies implemented and
followed for investors to continue their operations in Turkey had made it
possible for the energy sector to live through the undesired atmosphere in 2016
with minimum impact.
said Turkey had suffered from the coup attempt on Jul 15th last year
as well as the war in Syria and added “Turkey struggled FETo and PKK terror
organizations simultaneously. Negative developments such as the decision of the
United Kingdom to leave the European Union, the election of Donald Trump as the
president of the USA America and the weakening of the Turkish lira were among
the events that affected the Turkish economy and therefore the energy sector,
in a negative manner. Despite such undesired developments, the normalization
process with Russia and Israel and the fact that the foreign investors have
decided to continue their operations in the country is the most important
indicator of confidence in Turkey. "
pointed out that effort to increase the power of renewable energies in Turkey
continued in 2016 as well and expressed that compared to many European
countries, the government's implementation of guaranteed tariffs for generation
of electricity from renewable energy would support new investments and
reduction of bureaucratic processes in the energy sector as compared to
previous years and the incentives to be applied would have a positive reflection
on the sector, as well.