Saturday, Apr 20 2024 | Time 16:38 Hrs(IST)
image
World


Turkey minister says German investments fully guaranteed, denies targeting firms

Turkey minister says German investments fully guaranteed, denies targeting firms

By Orhan Coskun and Ercan Gurses


ANKARA, Jul 21 (Reuters) Turkey's economy minister sought to stem the economic fall-out from a growing diplomatic crisis with NATO ally Germany, saying that German investments in Turkey were fully guaranteed by both the Ankara government and its laws. In an interview with Reuters, Nihat Zeybekci also denied reports that Turkey gave Berlin a list of companies it was targeting for suspected links to last year's coup attempt. "All German investments in Turkey are 100 per cent under the guarantee of the Turkish government, the state and law," Zeybekci said in the interview in Ankara late yesterday. "The Turkey-Germany crisis is temporary. One must refrain from words that would cause lasting harm to the economies. Germany must reassess comments that are inappropriate." Germany yesterday told its citizens to exercise caution if travelling to Turkey and threatened measures that could hinder German investment there, as its impatience grew with Ankara after the detention of rights activists. Turkey this month detained several human rights activists, including a German and the local head of rights group Amnesty International, as part of the widespread crackdown that followed last year's failed coup. German Foreign Minister Sigmar Gabriel has said that Berlin's policies towards Turkey should go in a "new direction" and said he could not advise companies to invest in a country without legal certainty. More than 150,000 people have been sacked or suspended from jobs in the civil service, military and private sector in the purges that followed last year's attempted putsch. More than 50,000 people have been jailed. Rights groups and some Western governments say Erdogan is using the crackdown as a pretext to quash dissent. The government says the measures are necessary given the gravity of the security threat it faces. The Die Zeit newspaper reported this week that Turkish authorities had several weeks ago handed Berlin a list of 68 German companies, including Daimler and BASF that they accused of having links to US-based cleric Fethullah Gulen, blamed by Ankara for orchestrating last July's failed coup. "The allegation that Turkish authorities gave Germany the names of German companies linked to Gulen is not true. This is fake news," Zeybekci said. Germany was Turkey's top export destination in 2016, buying 14 billion dollar worth of Turkish goods, according to IMF data. It was also the second biggest source of Turkish imports, at 21.5 billion dollar. Only China, at 25.4 billion dollar, exported more to Turkey. Zeybekci said Germany's behaviour in cautioning its citizens over travel to Turkey was "unfortunate", but he did not see harm accruing to tourism. So far this year, bookings from Germany have accounted for some 10 per cent of Turkey's tourists. Last year, the number of foreign visitors to Turkey fell to 30 per cent amid a spate of bombings by Kurdish and Islamist militants, the lowest in nine years. The travel sector contributes about 30 billion dollar to the economy in a normal year. REUTERS SDR 1507

More News

Palestinian death toll in Gaza rises to 34,049: ministry

20 Apr 2024 | 4:18 PM

Gaza, Apr 20 (UNI) The Palestinian death toll in Gaza from ongoing Israeli attacks has risen to 34,049, the Hamas-run Health Ministry said on Saturday.

see more..

UN's commission on science and technology elects new chair

20 Apr 2024 | 4:14 PM

Geneva, Apr 20 (UNI) Gambia's Muhammadou Kah was elected chair of the UN Commission on Science and Technology for Development on Friday.

see more..

Israel-Hamas talks on ceasefire, hostage deal on brink of collapse

20 Apr 2024 | 4:14 PM

Jerusalem, Apr 20 (UNI) There is a possibility that Israel and Palestinian movement Hamas will discontinue their talks in Qatar on a ceasefire and hostage release deal, The Wall Street Journal reported on Saturday, citing an unnamed Arab official familiar with the matter.

see more..

Ecuadorian Prez declares state of emergency over energy crisis

20 Apr 2024 | 2:28 PM

Quito, April 20 (UNI) Ecuadorian President Daniel Noboa has declared a two-month state of emergency in the country over a massive energy crisis.

see more..

Musk postpones India trip citing Tesla obligations

20 Apr 2024 | 2:10 PM

Washington, April 20 (UNI) In a surprising turn of events, Tesla's CEO, Elon Musk, has postponed his highly anticipated trip to India, where he was slated to meet with Prime Minister Narendra Modi and unveil plans for the company's entry into the South Asian market.

see more..
image