Turkey offers Swedish investors vast opportunities for cheap employment and regional access, according to İshak Alaton, chairman of Turkish-Swedish Business Council at Foreign Economic Relations Board of Turkey, or DEİK.
It is beneficial for foreign firms to consider Turkey for future investment plans, said Alaton during his meeting with Swedish Trade Minister Dr. Ewa Björling and an accompanying delegation in Istanbul on Wednesday.
“While you would pay a minimum 2,000 euros for an employee’s monthly salary in Sweden, you could employ a quality employee for as little as 400 euros in Turkey,” she said.
Turkey could cooperate more with Swedish firms in biotechnology, information technology and energy, she added.
Turkish defense industry companies' new target has become Latin American countries. Turkish defense industry companies continue to make promotions and marketing in all corners of the world. Following a recent protocol signed in Indonesia that was worth 400 million USD, the Turkish Undersecretariat of Defense Industry (SSM) is helping Turkish defense industry companies to market their goods in Latin American countries.
Turkish businessman Aydin Dogan agreed to sell the Milliyet and Vatan newspapers to DK Gazetecilik & Yayincilik AS, owned by the Demiroren and Karacan groups, for $74 million. Dogan will sell Milliyet for $48 million and Vatan for $26 million, unit Dogan Gazetecilik AS (DGZTE), which controls the newspapers, said in a filing with the Istanbul Stock Exchange today.
JEDDAH: With the opening of the branch of a leading Turkish bank in Jeddah, trade and commerce between Turkey and Saudi Arabia will reach new heights, said Turkish Prime Minister Recep Tayyip Erdogan here on Saturday.
