Turkey’s Russian İnvestment Base Tatarstan

Speaking at the Turkish – Russian Business Forum in Istanbul, Mehmet Büyükekşi, President of the Turkish Exporters Assembly said that Tatarstan is the most important center for Turkish investments in Russia.And that Turkish investments in Russia are over $ 10 billion, and that the production units of most Turkish companies are located in Tatarstan.

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Speaking at the forum, Rustem Zaripov, deputy general director of the Alabuga Special Economic Zone (OEZ), shared with the Turkish investors the possibilities offered by the region.

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Zaripov said that one third of the investments in the region belong to Turkish companies, which are forest products producer Kastamonu Integrated, baby gum producer Hayat Kimya, plastic pipe manufacturer Dizayn Russian and automotive subsidiaries Coşkunoz Alabuga, Trakya Glass Rus and Automotive Glass Alliance Russian.TIM Chairman Büyükekşi, 'In the first 4 months, our exports to Russia increased by 30 percent while imports from Russia increased by 15 percent,' he said.

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Turkish Exporters Assembly (TIM) Chairman Mehmet Büyükekşi stated that exports to Russia in the first 4 months increased by 30 percent, "We expect a much higher export increase in May." . Büyükekşi said that in the recent "Turkey-Russian Federation and Tatarstan Republic Alabuga Private Free Trade Zone Business Forum" organized by TIM, the recent negative trend of trade relations has been reversed with the recovery of oil prices and the re-growth of Russian economy.

He said that the losses that they have experienced in bilateral trade with Russia have begun to be compensated in the last years. He stressed that in the first 4 months, exports to Russia increased by 30 percent and imports from Russia increased by 15 percent.

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    fatma Written by:

    Fatma Şahin fatmasahin@istanbulinvestments.com

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