Turkey and Germany have good trading relations, which is why representatives of the two governments decided for cooperation in the energy field. During a forum held in Ankara, the ministers for energy of Turkey and Germany signed an agreement related to the development of several energy projects. Our lawyers in Turkey can offer information on the regulations related to starting a business in the energy industry in this country.

Germany has invested approximately 25 billion euros in the Turkish energy sector

The cooperation on more energy projects between Turkey and Germany comes as a result of earlier investments of German companies which have invested around 25 billion euros and created more than 15,000 jobs in the last 15 years in Turkey.

These investments are expected to continue under the agreement signed at the end of October 2018 and show the confidence of German investors in the Turkish economy. Moreover, the new projects will also provide new investment possibilities of Turkish investors in Germany and thus encouraging further bilateral relations between the two countries, but also joint projects which would be carried out in other countries.

Our law firm in Turkey can help foreign entrepreneurs who are interested in setting up companies here.

More than 7,000 German companies operate in Turkey

Turkey is very open towards foreign investments and one of the most important proofs is represented by the large number of foreign companies operating here, among which 7,000 are German large businesses. These companies’ investments in Turkey reached 9,3 billion USD in the last few years and will continue to increase in the next 10 years.

Germany also represents one of Turkey’s largest export markets, with a total value of exported products of 10,64 billion USD in the first 8 months of this year. Last year, the trading volumes between the two countries stood at 36.4 billion USD, 2.7% higher than in 2016. Among the most exported products to Germany are automobiles, auto vehicles spare parts and medicines.

Foreign entrepreneurs can find many investment opportunities in Turkey and those interested in getting help for starting a business here are invited to contact our local law firm.