The Turkish government is fighting for the reputation of the country's economy. The Turkish Lira is losing value, and the inflation rate is high. Minister of economy, Berat Albayrak has announced a few days ago, a national action plan. High food prices are expected to fall, and the state-owned banks should be supported with a cash injection. The economic crisis threatens to become a danger to President Recep Tayyip Erdogan, the Opposition to last put.
Despite the crisis, Turkey Swiss company is a very interesting market – for example, in the textile industry. The exports in the country remained in the past years, constant. However, the increasing level of mistrust of the company is shown elsewhere: secure a larger share of their exports in the case of the Swiss export risk insurance of the Confederation (Serv). You insured companies against non-payment in export transactions.
a New organization has more than 1 billion Swiss francs in Turkey, their highest commitment of all countries. It has doubled in the past year. Overall, it corresponds to 14 percent of the total risk of the Serv. The ratio of the Serv-safe transactions to the total export in Turkey is about 5 percent, was still before five years to 2018, more than 40 percent. In the past year, the hedges have grown after Russia, Brazil and Indonesia, strong in all countries where the political risks are greater.
large projects distorting
The state Secretariat for economic Affairs, the Serv is connected, it means: "The political risk is one of various risks, which Serv-customers to hedge, the plan usually in the longer term." By big business, strong fluctuations would arise in Brazil, for example, by a large gas-fired combined cycle power plant with a sum insured of CHF 1 billion. Therefore, decide, from a rising or falling Coverage ends, no conclusions on the political Situation in a country, or to appropriate assessments of the exporters, the Serv.
The cloudy economic situation in Turkey, by beating the Swiss exporters. According to the export promotion Agency, Switzerland Global enterprise SME were unsettled-exporters in the past few years. "The loss in value of the Lira, coupled with a strong Swiss franc, was also for many a great difficulty," says a spokeswoman. Therefore, very few new export projects have been initiated. "In the last few months, we have been able to support some SMEs," said the spokeswoman.
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Martin Wansleben, managing Director of the German chamber of industry and Commerce day, is more sceptical, as he told the Berliner "Tagesspiegel". The confidence of German investors was damaged. In order to increase the country's attractiveness for foreign investors, called Wansleben signals to the strengthening of legal certainty.
The Turkey is not to be found on the list of the countries in which Swiss companies in the coming months, your business want to expand. According to a recent survey conducted by Switzerland Global Enterprise China leads clear even before India. However, soon after Russia, and Indonesia follow.
Created: 13.04.2019, 07:32 PM