Analysis 22 Aug 17

Turkish Crisis Fuels Investment Surge in Balkans

The political crisis in Turkey is motivating many Turkish companies to shift their business operations to the nearby Balkan states.

Akin Nazli
Supporters of Turkish President Recep Tayyip Erdogan at  rally in Turkey. Photo: Lefteris Pitarakis/AP

Turkey’s political crisis, which deteriorated dramatically after the failed military coup in July last year, has devastated the economy and damaged investment opportunities in the domestic market.

This, paired with legislation encouraging investments abroad, has motivated some prominent Turkish companies to shift some or most of their business operations to the Balkan region, Turkish economic experts told BIRN.

“Political developments in Turkey have had a certain impact on the interest of Turkish firms in the Balkans,” Sait Aksit, a professor of international relations at Near East University in Northern Cyprus, told BIRN.

Aksit added that Turkey’s slide into authoritarianism, “which has not lost pace since the failed coup attempt last July,” had also created major tensions between Turkey and EU, which has also had a major negative impact on Turkish companies.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

20 Sep 17

Refugee Experts Downplay Romania’s Migrant ‘Crisis’

Despite reports of a new migration route opening up on the Black Sea, Romanian authorities and international organizations say scare stories have no basis in reality.

19 Sep 17

Albanians Query Wisdom of Slimmed-Down Government

Edi Rama has honoured pledges to cut bureaucracy by radically trimming the size of the cabinet – but some fear the new ‘super-ministries are taking on more than they can handle.

18 Sep 17

Wine Lovers’ Paradise in Vibrant Zupa Region