Swedish companies voice confidence in Turkish economy, vow to keep investing: Poll

The top executives of Swedish companies have voiced their trust in the Turkish economy despite recent political and economic uncertainties, pledging to keep making investments both in the short-term and in the medium-term, according to a recent poll. 

In the survey carried out by the Swedish Trade Council's Business Sweden in cooperation with the Swedish Embassy, the executives cited Turkey's high growth path, large customer base, access to skilled workers, infrastructural investments and geographical location as its main advantages. They cited tough competition, political uncertainties and parity fluctuations as the biggest challenges they have faced doing business in Turkey. 

The poll was carried out among 122 senior executives from 79 Swedish companies who represent over 400 brands, and which employ more than 23,000 individuals in Turkey, between July 1 and Aug. 15.

Some 85 executives participated to the survey. 
The survey showed that 92 percent of the respondents expect growth in their turnover and 87 percent expect "moderate to very high profitability" in the medium term. 

Some 89 percent of the companies surveyed have plans to invest within the next three years.

Confidence in Turkish economy

"Turkey as a member state of G-20 is a market that has great potential and certain difficulties. The country had a difficult summer, but the Turkish people and both local and international investors showed their resoluteness and helped the country's economy recover. The results produced through this survey by Swedish investors, intensely operating in Turkey under some 400 brands, confirm that companies will stay in Turkey and that they have confidence in the Turkish market," said Therese Hydén,...

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