Haberler      English      العربية      Pусский      Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/09/2017 20:49 
20.03.2017 18:43 News >> Luxembourg İnvites Turkish Banks To Open Branches

Luxembourg İnvites Turkish Banks To Open Branches

Luxembourg's Deputy Prime Minister Etienne Schneider invited Turkish banks to open branches in Luxembourg on Monday.

"We are a significant finance center but there is no Turkish bank in Luxembourg," he told a Turkey-Luxembourg Joint Economic and Trade Committee meeting in Istanbul.

Schneider said the trade volume between the two countries was short of its potential and ways should be sought to increase this.

"As a successful country in the logistics sector, we want to establish a solid line and relation in logistics. There are many opportunities to take the situation further. Our national air cargo company is also promoting its activities in Turkey," the minister added.

Recalling the significance of stability and predictability in investment, Schneider said people wanting to invest more in Turkey had adopted a "wait and see" strategy.

"We are sure that the difficult period between Europe and Turkey will normalize in the following months," he added.

- Turkey seeks to boost trade ties

Also attending was Turkey's Economy Minister Nihat Zeybekci who said the current bilateral trade volume of $200 million did not reflect potential dealings.

"We want to increase it immediately," he said.

Zeybekci said the trade volume might swiftly reach $1 billion in the future.

Luxembourg has $9-billion-worth of direct investments in Turkey; the number of Luxembourgish companies in Turkey is 460.

Zeybekci said 29 Turkish companies had invested $1.2 billion in Luxembourg

Recalling significant export activities in the two countries' relations, Zeybekci said there was a great opportunity for Turkey's Eximbank to receive finance from Luxembourg.

Turk Eximbank is a state-owned bank that acts as the government's major export incentive instrument in Turkey's sustainable export strategy. -



        Latest News
Iraqi Pm 'Rejects Formation Of Racist State' 22 minutes ago...
On eve of vote, Haider al Abadi says Baghdad will not recognize results of controversial Kurdish region referendum.
Erbil, Baghdad Are Neighbors Not Partners: Kurd Leader 22 minutes ago...
One day before Kurdish region’s independence referendum, KRG's Masoud Barzani reiterates that polls will not be postponed.
Sudan: Hundreds Protest Student Getting Death Sentence 39 minutes ago...
Khartoum University student Asim Omer accused of killing policeman during April 2016 protests.
Merkel Bloc Wins Election But Faces Far-Right Challenge 9 minutes ago...
Conservatives projected to win 33.5 pct of votes, far right AfD wins 13.5 pct, set to enter parliament as 3rd largest party.
South Africans March Against Global Oppression -6 minutes ago...
Hundreds urge international community to end Israel's oppression of Palestinians, Myanmar's persecution of Rohingya Muslims.

 
      Top News
South Africans March Against Global Oppression South Africans March Against Global Oppression
43 Taliban Killed İn US Air Raid İn Afghanistan 43 Taliban Killed İn US Air Raid İn Afghanistan
Us: Trump Met With Backlash After Attacking Athletes Us: Trump Met With Backlash After Attacking Athletes
Turkish Defense Minister Urges Krg To Call Off Poll Turkish Defense Minister Urges Krg To Call Off Poll
Turkey: 110 Far-Left Terror Suspects Sought By Warrants Turkey: 110 Far-Left Terror Suspects Sought By Warrants
Soldier, Worker Martyred İn PKK Attack İn Se Turkey Soldier, Worker Martyred İn PKK Attack İn Se Turkey
Philippines Strengthens Justice To Address İmpunity Philippines Strengthens Justice To Address İmpunity
Iraqi Movement Urges Kurds To Vote No İn Referendum Iraqi Movement Urges Kurds To Vote No İn Referendum
Kurd Region Poll To Be Held On Schedule: Barzani Kurd Region Poll To Be Held On Schedule: Barzani
Update 3 - 21 Dead As Refugee Boat Capsizes İn Black Sea Update 3 - 21 Dead As Refugee Boat Capsizes İn Black Sea