German firms in Turkey should remain hopeful: envoy

ANKARA (AA) - German companies should remain hopeful about the future of their investments in Turkey since the country offers considerable economic growth potential, Germany’s ambassador to Turkey Martin Erdmann said on Wednesday.

Speaking at the "Turkish-German Economy Day" event in Ankara, Erdmann said he continues to be upbeat about the future of bilateral ties.

"Sometimes it rains, [but after that] the sun comes up. The sun will rise again. I am optimistic about the future of Turkey- Germany relations. I believe that the sun will rise again.

“German companies operating in Turkey should remain hopeful by thinking about tomorrow,” he said.

He noted the demographic structure of Turkey’s young and well-educated population, which is considered as a great asset, especially since investors face considerable challenges elsewhere in the West, including ageing and shrinking populations.

“Turkey can compete with many European countries through its infrastructure. The country offers considerable economic potential... The number of German companies in Turkey has now reached 6,700," he added.

Erdmann also praised the success of Turkish entrepreneurs in Germany.

"Turkish entrepreneurs in Germany employ more than 500,000 people and generate €50 billion (53.67 billion) in revenue," he added.

Nurettin Ozdebir, head of Ankara’s Chamber of Industry, said ties with German people remained strong.

“Even if politics make populist comments in cyclical situations, our ties with German people stands strong mutually and trading relations still continue non-stop. What really matters is the people,” Ozdebir said.

He urged business people to cooperate further and enhance bilateral ties.