Turkish exporters see high potential of European market for post-pandemic trade

TURKEY has the potential of emerging stronger from the COVID-19 crisis and increasing its share of exports in the European markets thanks to its location and resilient supply chains, the chairman of a leading exporters’ group said.

Speaking at a webinar Monday titled “The Course of the Coronavirus in Target Markets,” Aegean Exporters’ Association Coordinating Chairman Jak Eskinazi lauded steps taken by Turkey to ensure the sustainability of supply chains, such as developing contactless foreign trade system at customs gates and resuming roll-on/roll-off (Ro-Ro) ships.

Eskinazi said Turkey has the opportunity to form new cooperation and increase its foreign trade potential with neighboring countries, especially with the European Union market, once international freight transportation begins to return to normal and pandemic-related border restrictions are lifted.

“Countries experienced serious crises even in the production of most basic health equipment.

TURKISH companies Naturel Enerji and KURTEKS Tekstil Enerji signed an agreement for the development and construction of a 50-megawatt solar power plant in Italy, Naturel energy said in a statement yesterday.

The total value of the contract is 45 million euros ($51 million), excluding VAT (value-added tax), with Naturel Enerji providing project funding. The companies will undertake project development, engineering, procurement, construction (EPC) and a power purchase agreement (PPA) on a turnkey basis.

According to the statement, the project is considered one of the biggest in Italy and Europe and is unique for Turkish Investors and EPC contractors in terms of its size, characteristics, location and context.

The plant will be built on solar tracker systems, and the electricity produced will be sold through PPAs to private consumers.