200 Greek and Turkish businessmen to meet in Athens

200 Greek and Turkish businessmen to meet in Athens

Ankara, December 5, 2014 / Independent Balkan News Agency

By Manolis Kostidis

About 200 businessmen from Greece and Turkey will meet at the Hilton Hotel where they will participate in the business forum organised on the occasion of the meeting of the Prime Ministers of the two countries.

Reportedly great interest of Turkish businessmen is focused on the tourism sector, since in 2014 over a million Turkish tourists visited Greece, with the prospect of a larger number of tourists in 2015 in the event that Turkish citizens gain easier access to visas.

The commercial transactions between Greece-Turkey stand at USD 5.5 billion, when in 2002 were at EUR 900 million.

The biggest trade partner for greek exports is Turkey with USD 4.2 billion in 2013, with imports from Turkey being USD 1.3 billion.

That is the reason for the arrival in Greece of the president of Doğuş Group, Ferit Şahenk, who has acquired 50% of the Flisvos marina, the marina in Lefkada, and is part of the consortium that bought Star Vouliagmenis. The Şahenk is of the richest businessmen in Turkey with dozens of companies in the automotive, energy, restaurants and Media.

The of the Union of Shipowners of Turkey Metin Kalkavan, will also be coming to Greece, as well as the president of the Association of Travel Agents (TURSAB) Başaran Ulusoy, where they will have talks with Greek businessmen for partnerships and acquisitions. Reportedly, a large part of the vessels of the Greek merchant fleet is being taken to turkish shipyards for repairs and the Turks want more cooperation in this field.

However, Greece remains a major investor in Turkey with USD 7 billion. The biggest investment is that of the National Bank in Finansbank. A major investor is also Intralot with its involvement in the turkish Lottery (Milli Piyango). The Turks have invested in various sectors of the greek economy, such as in marinas and hotels, banking (Ziraat Vank), but also in furniture stores. But they say tha the economic situation of Greece and the bureaucracy is sometimes an obstacle to greater investments. Turkish investors emphasise that in Greece of the crisis there exist significant opportunities for investment.