ECONOMIC RELATIONS: Erdogan’s Visit Signals New Investment Opportunities for Croatia and Turkey
25 April 2016, VG Intelligence Weekly, Issue 003
On 26-27 April, Turkish President Recep Tayyip Erdogan will be on an official visit to Croatia. He is scheduled to meet with Prime Minister (PM) Tihomir Oreskovic, Croatian President Kolinda Grabar-Kitarovic and other high-level government officials. Erdogan will be accompanied by a delegation of some 100 representatives of Turkish companies, including Dogus Group, MB Holding, Alvimedica Group, et al.
During Erdogan’s stay, the Turkey-Croatia Business Forum, organized by the Turkish Foreign Economic Relations Board (DEIK) and the Croatian Chamber of Economy (HGK), will be held on 27 April at the Westin Hotel in Zagreb. The forum’s main objective is to present investment opportunities in Turkey and Croatia to representatives of Turkish and Croatian companies, as well as provide an opportunity for B2B meetings between the company managers of both countries.
Trade relations between Croatia and Turkey have not reached its full potential, with most of the investments occurring in tourism and limited investments in the banking sector and renewable energy projects. Nevertheless, Turkey considers Croatia to be an economic gateway to Europe (i.e. Central and Southeast Europe), whereas Turkey could serve as a gateway to Croatia for the wider Eurasian markets beyond Turkey…