Austrian Companies - Doing Business in Turkey

Transcription

1 Austrian Companies - Doing Business in Turkey AUSTRIAN TURKISH BUSINESS FORUM, MONDAY JANUARY GEORG KARABACZEK, AUSTRIAN TRADE COMMISSONER FOR TURKEY, AZERBAIJAN AND GEORGIA

2 THE WORLDWIDE NETWORK OF ADVANTAGE AUSTRIA / AUSSENWIRTSCHAFT AUSTRIA OF WKÖ 100 offices in 70 countries 750 Employees, 80 Nationalities, 70 Mother tongues Events, Publications Austrian Companies serviced per year Internationalisation Partner for Austrian Companies since

3 TURKEY, AZERBAIJAN AND GEORGIA Since 1952: Trade Commission - ISTANBUL Since 1969: Trade Commission ANKARA Since 2009: Office in TBILISI Since 2018: Office in BAKU from Istanbul

4 OUR SERVICE AND OFFER Knowledge 2 Websites: wko.at/aw/tr; advantageaustria.org/tr Many Publications on the Turkish Market Partners: approx Austrian Companies per year Support in finding Partners, Match-Making, Business Intelligence, Intervention Plattforms: Trade Shows, Delegations, Show-Cases Icon made by Freepik from

5 TURBULENT YEARS 2015/2018 Frequent Terror Attacks Conflict in South-East Turkey errupts again Syria conflict intensifies Crisis at its peak Russian Fighter plane shot down Coup attempt Change of Government Form Elections

6 GDP- GROWTH

7 EUR TLY EXCHANGE RATE DEVELOPMENT 7

8 TR INFLATION

9 UNEMPLOYMENT RATE

10 TR FDI

11 TR BALANCE OF PAYMENTS

12 GOVERNMENT DEBT IN % OF GDP 12

13 INCOMING TOURISTS 13

14 INCOME PER CAPITA IN USD 14

15 WHAT NEXT? Güven Sak, Head of Tepav: 2019 is going to be a tumultuous year for the Turkish Economy Just fasten your Seatbelts Erol Bilecik, Head of TÜSIAD: Slowdown in 2019 to overcome problems, Reforms are necessary Strengthen institutions and make economic policy more predictable Stick to free market economy structural reforms needed to make the economy more competitive Rule of law and independant judiciary necessary for better environment for FDI Strengthen relations with EU; beginn with negotiations for a new Customs Union 15

16 TR - A FOREIGN TRADE (GOODS & SERVICES) IN MIL. EUR TOTAL 2017: EUR 3,8 BN Services Balance Goods Balance Import/Services Import/Goods Export/Services Export/Goods (1-9) Quelle: Statistik Austria

17 AUSTRIANS GOING TO TURKEY

18 AUSTRIAN FDI TO TURKEY AUSTRIAN STATISTIC IN MIL. EUR

19 AUSTRIAN FDI IN TURKEY TURKISH STATISTIC IN MIL. DOLLAR TOTAL 10 BIL. USD 19

20 AUSTRIAN EXPORTS TO TURKEY Wasserkraftwerk Engel Kunststoffmaschinen - Medizintechnik Bombardier Eskisehir Doppelmayr Skilift Starlinger Maschinen Moosdorfer Bosporus Stromleitung

21 AUSTRIAN IMPORTS FROM TURKEY

22 200 AUSTRIAN COMPANIES IN TURKEY

23 AND MANY MORE

24 AUSTRIAN PROJECTS ILF, BTC Pipeline Strabag, Staudamm Muratli Pöyry, Staudamm Ermenek Maba Schwellenwerk Hödlmayr International

25 ADVANTAGE AUSTRIA MADE A SURVEY IN OCTOBER 2018 AMONG AUSTRIAN COMPANIES IN TURKEY RESPONDED Looking at your own company how do you assess the economic situation in Turkey? last 12 Months Next 12 Months 11% 15% 43% 32% 74% 25% positiv Same worse positiv same worse 25

26 Predictability in Economic Policy Political stability Rule of Law Taxes Less bureaucracy Subventions and support by gov. Corruption Govenrnment Tenders others Business law Number of Votes To your oppinion which of the following regulatory areas are most important to make TR more attractive for your company / where are reforms necessary?

27 Payment Situation Quality consiousnes Purchasing Power Credit situation Qualitz of Manpower Price of raw material Quality of local suppliers Infrastucture cost of workforce Availability of workforce Productivity of workforce Local Suppliers availabilitz others Number of Votes TO YOUR OPPINION WHICH OF THE FOLLOWING MARKET ORIENTED SITUATIONS ARE IMPORTANT HAVE TO BECOME BETTER TO MAKE TURKEY MORE ATTRACTIVE FOR YOUR COMPANY?

28 Will you continue to invest in turkey in the coming 12 months? 52,0% 33,1% 9,5% YES NO Not valid 28

29 Have the economic policy measures of the new government (presidential system) had a positiv effect on your business? 81,1% 7,9% 11,0% Yes No Not valid 29

30 WHAT DOES THE BUSINESS COMMUNITY SAY Continue investing? yes New Companies not many Foreign ownership no problem The right partner Turkish Management Geopolitical but also domestic political Situation TR and TR Managers are used to dealing with problems Risk: world economy, Fed interest rate, Economic Policy Icon made by Freepik from young dynamic, well educated population, consume hungry middle class Interesting for R&D Which other market in vicinity offers similar chances? 80 Mio. und 4-5 % growth perspective for future TR is Hub in Region middle and longterm important market

31 ANY QUESTIONS? Trade Commission / AußenwirtschaftsCenter ISTANBUL und ANKARA Georg Karabaczek + Christian Maier ; istanbul@wko.at; ankara@wko.at FACEBOOK & /advantageaustriatr /aussenwirtschaft WWW: wko.at/aw/tr advantageaustria.org/tr