Tensions with Turkey, German companies are concerned

For Turkey is Germany's most important trading partner: From any other country, the Turks are importing so many Goods from the Federal Republic of Germany. At the same time 7000 German companies are active there. The energy company Eon, for example, is supplied together with a local Partner, millions of Turks with electricity. Daimler is building on the Bosphorus buses and Trucks. Siemens has only received in 2017, a billion-dollar contract for a wind energy project in Turkey.

BASF is already since 1880. Today, the chemical group has facilities of 900 employees and six production in Turkey. "The country is our second-largest market in the Region and is gaining ever more importance for us," said a spokeswoman. The recent developments do nothing to change. "We believe despite the current bad Situation is still in the potential of Turkey."

at the same time, the recession in the country, but not without leaving traces in the group by. "The current Situation is very challenging," said BASF spokeswoman. "We feel a marked reluctance of our customers in all sectors." The group sold in Turkey, among other things, plastics, textile chemicals, as well as starting materials for care and cleaning products. Already now, the economic downturn affect the business: "It goes hand in hand with a corresponding decline in sales," said the spokeswoman. 2018 the group is in Turkey, still 800 million euros.

This is the country for BASF not only an important production site, but also of strategic importance: Istanbul, the co-ordination of the group's business for Africa, Russia and the Middle East. Probably, therefore, it is hoped at BASF a rethink in the government of Erdogan. "The Turkish government must first create the conditions that are suitable, regain your confidence," said the spokeswoman. Only when stable relationships and long-term planning of safety again, could be thought about further investment in Turkish manufacturing plants.

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do not want to Express clearly how the chemical company BASF and other German companies on the Bosphorus. The drugstore chain Rossmann, for example, which is represented in Turkey with stores, aware of the critical comments. As a justification it is merely Rossmann wear in Turkey, the responsibility for 1000 employees.

industry associations appeal to the government

Appeals there are, however, of the business associations. "German companies are in view of the economic situation in Turkey is concerned," said Joachim Lang, chief Executive of the Federal Association of the German industry. They would be increasingly in their economic activities restricted. "The Turkish government must urgently take measures to bring the economy back on a growth course. The return to democratic structures." Clear signals "to the strengthening of legal certainty," expected DIHK managing Director Martin Wansleben. The recent events surrounding the departure of German journalists from Turkey would have weakened the already damaged confidence of local investors.

From the circles of the German economy in Turkey, it was said that the development would be closely monitored. Lenses press reports would provide important information for investment decisions. Recent events have already left their mark on the German economy. "Concrete consequences, such as problems at the port of entry, is not yet known," said an expert. "The company bet on the fact that the political will to find solutions."

the Image of The country is heavily damaged

to feel The political crises that is particularly vulnerable tourism industry is feeling the consequences of the recent tensions. After the heightened Travel advice from Berlin as a result of the fixed threat from the interior Minister Süleyman Soylu against visitors who have participated in Germany at rallies of Turkey-critical organizations and in Turkey on holiday, took the reservation numbers have declined. The Chairman of the Turkish hoteliers Federation, Timur Bayindir, told the news Agency Reuters, the number of daily and package tours purchased in Turkey had fallen from around 1000 to 300 to 500.

With concern Bayindir, that the Image advertising of his country has suffered a severe setback: "Because the impression has been created: 'When travelling in Turkey, threatens arrest." Also the Journalist Yildiray Ogur draws for the Turkey the sobering balance of the past days. The attempt, with the "stick" against foreign media, have hurt the economy, tourism and the Image of the country, wrote Ogur in the newspaper "Karar".

This damage comes at a very inopportune time: The Turkey, according to new Figures from the statistics office in Ankara is in a recession. After a decline in economic performance of 1.6 percent in the third quarter of last year, shrinking the economy in the fourth quarter to 2.4 percent. Many experts and potential investors expect the economic performance in the current year also. In this situation, the country needs most of all is reliability, says a European industry representatives: Each factory will not close, for the Turkey is now important. However, the increased threat and the expulsion of German journalists to convey the image of a country with unpredictable conditions.

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The upcoming local elections on October 31. March could bring new turbulence. According to polls, the ruling AKP party of President Recep Tayyip Erdogan could lose the mayor's office in the capital Ankara to the Opposition. Also in Istanbul, with 15 million people the largest city in the country, ACP major problems. Attempts by the AKP to alleviate the consequences of the economic crisis for the consumer, among other things, with subsidised food, will not outlast the day of the election may be for a long time. Some experts expect the Turkey to the 31. March will turn to the International monetary Fund (IMF) to agree to an aid package.