Int'l investors praise Turkish economy, voice recommendations after key meeting with gov't

Top representatives from 20 global companies have praised the Turkish economy's investment climate following the failed July 15 coup attempt, while also voicing recommendations on improving stability and educational quality, carrying out structural reforms, and prioritizing technology at the 9th Investment Advisory Council Meeting in Istanbul. 

"The recent unfortunate incidents that have taken place in Turkey with the attempted coup make these achievements more praiseworthy since they show the commitment and success of policymakers to maintain competitive business climate, and the alignment and the unity of people in Turkey to move on their chosen track. As representatives of international business community with strong interest in the potential and future of Turkish economy, we are glad to see this solidarity and strength of Turkey's stance as a proponent of liberal and dynamic investment policies in the G-20 and sustained growth performance are solid anchors to have positive expectations about appealing opportunities," said David P. Hess, executive vice president and chief customer officer aerospace for the United Technologies Corporation, reading a declaration on behalf of the companies at a news conference. 

They also underlined that there was a "significant gap between the reality and perception" in Turkey as a safe and attractive investment destination at a follow-up press meeting late on Oct. 27. 

"We advise the government to make a more efficient use of communication channels with all segments of the international business community. We are committed to working with the government to overcome this gap in perception," said investors.  

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