Business News

Slovenian and Turkish Chambers of Commerce Sign Cooperation Agreement

Ljubljana, 09 November (STA) - The Slovenian Chamber of Commerce and Industry (GZS) and its Turkish counterpart from Izmir signed a cooperation agreement at the Slovenian-Turkish business forum in Ljubljana on Tuesday.

"Business ties between Slovenia and Turkey are based on information and good knowledge of the economies, culture, available opportunities and current developments," Executive director of GZS Hribar Milic said at the forum, which was attended by over 70 businessmen.

Vice president of the Turkish Chamber of Commerce Akin Kazancoglu said that the sectors Slovenian business may find interesting include logistics, business and fair tourism, health tourism and cruises, sustainable energy resources and farming, the food industry and developed industries.

On the other hand Slovenia can offer good infrastructure, a cost-efficient workforce, access to regional and quality of living, the head of the internationalisation department at JAPTI Gorazd Justinek said.

Turkey is also "one of the few countries that Slovenia has managed to increase export to in the crisis year 2009", said head of the GZS's Competitiveness Centre Ales Cantarutti and added that an economic delegation will soon visit Bursa and Istanbul.

In 2009 Slovenia exported over EUR 151m worth of goods to Turkey, while imports amounted to EUR 144.7m. Export in 2010 increased by 19.4% in the January-July period, while import rose by 21.2%.

Slovenia exports pumps and compressors, colouring matter, cars, paper and cardboard to Turkey and imports cars, medicine, car tyres and public transport vehicles.

Slovenian foreign direct investments (FDI) in Turkey amounted to EUR 7.6m in 2009 while the Turkish FDI in Slovenia stood at EUR 3m, the GZS said.

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