Turkey consolidates its position as a hub for intl companies

In the months and years to come, more and more companies should be managed from Turkish soil, said International Investors Association (YASED) head Piraye Antika yesterday. Speaking to the Anatolia news agency, Antika underlined that Turkey is a popular destination for international capital. "Turkey's advantageous geographical location and rapidly improving investment environment, compared to its neighbors, and its politically stable environment is a reason for its position as a regional hub for multinational companies," she argued. "Furthermore, Turkey's highly qualified workforce, especially white-collar workers, has the required experience and ability to manage subsidiary companies in other countries from headquarters in Turkey. These white-collar workers easily adapt to the cultures of different geographical regions like the Middle East, Central Asia and the Balkans. They are successful in communicating with the management there." Antika said Turkey will be able to attract many more international companies to set up regional headquarters if additional measures are made to help cut production costs and boost confidence in the investment environment.