Haberler      English      العربية      Pусский      Azerice      Kurdî      Türkçe Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 26/05/2017 06:39 
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
Greek Mps Approve Bill On Athens' First Official Mosque 29 minutes ago...
Update - Iraqi Forces Retake 4 Villages West Of Mosul From Daesh -1 minutes ago...
Italy Rescues 2,300 Migrants İn Mediterranean 14 minutes ago...
29 Terrorists Killed İn Eastern Turkey 14 minutes ago...
Ankara Criticizes US Resolution Over Dc Clash -16 minutes ago...

 
      Top News
Turkey To Send 15,000 Tons Of Aid To Somalia İn Ramadan Turkey To Send 15,000 Tons Of Aid To Somalia İn Ramadan
Nigeria's Acting Leader Urges More Work, Less Prayer Nigeria's Acting Leader Urges More Work, Less Prayer
12 PKK Terrorists Killed İn Northern Iraq, East Turkey 12 PKK Terrorists Killed İn Northern Iraq, East Turkey
Ngo Praises Turkey's 'Tolerant' Attitude To Refugees Ngo Praises Turkey's 'Tolerant' Attitude To Refugees
Turkey Celebrates Africa Day Turkey Celebrates Africa Day
Manchester United Claim First Europa League Title Manchester United Claim First Europa League Title
Wall Street Closes Higher After Fed Minutes Wall Street Closes Higher After Fed Minutes
Egypt Leader Denies Sudan Claims Of Darfur İnterference Egypt Leader Denies Sudan Claims Of Darfur İnterference
Turkey's Borsa Istanbul Flat At Opening Turkey's Borsa Istanbul Flat At Opening
Philippines: Militants Kidnap Priest, 10 Parishioners Philippines: Militants Kidnap Priest, 10 Parishioners