Greek firms in Turkey wary of po­lit­i­cal de­vel­op­ments

Kathimerini English - - Front Page - ANESTIS DOKAS

While no prob­lems have been re­ported so far in the in­ter­bank trans­ac­tions of Greek com­pa­nies ac­tive in tur­bu­lent Turkey, en­trepreneurs speak­ing to Kathimerini have said that they are keep­ing a close eye on the protest ral­lies and ri­ots that have rocked the neigh­bor­ing na­tion for over a week. They also said that they have is­sued clear guide­lines to the di­rec­tors of their sub­sidiaries across the Aegean re­gard­ing the mea­sures they should adopt if the op­er­a­tion of their com­pa­nies faces any hin­drances.

Ac­cord­ing to data from the Hel­lenic-Turk­ish Cham­ber, more than 2,000 Greek en­ter­prises are com­mer­cially ac­tive in Turkey, 20 of which are listed, topped by National Bank sub­sidiary Fi­nans­bank. Other Greek firms in Turkey in­clude Eurobank, Alpha Bank, In­tralot, Crete Plas­tics, Spirou Agri­cul­tural, Nirefs, Selonda Aqua­cul­tures S&B In­dus­trial Min­er­als, Saran­tis, Euro­drip etc.

Com­pany of­fi­cials told Kathimerini that the first signs of a Turk­ish eco­nomic slow­down emerged in early 2013, de­spite the fact that con­struc­tion ac­tiv­ity has reached its peak in the last cou­ple of years, se­cur­ing gains for a host of com­pa­nies that feed on this pros­per­ous sec­tor.

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