Turkish investment in Serbia is expected to grow in the short term as the country offers the best conditions for foreign direct investments (FDI) in the Western Balkans, the chairman of Turkey – Serbia Business Council, Aleksandar Medjedovic, has said.
Currently, 12 or 13 Turkish companies operate factories in Serbia and their number is expected to double by the end of the year, Medjedovic said at an economic forum in Belgrade, according to a video file posted on the website of Serbian news agency Tanjug on Monday.
Turkish investors started looking at the Serbian market five years ago, when some companies opened factories in southern Serbia, mainly in the textile sector, and interest has been constantly growing, Medjedovic said during the Vienna Economic Talks forum in Belgrade.
Last week, Turkey’s ambassador to Serbia Tanju Bilgic said Turkish companies are interested in investing in the country’s energy sector and serious potential exists for development of bilateral cooperation in this area.
Serbian prime minister Aleksandar Vucic said earlier this month that the country is interested in receiving Russian natural gas through the future Turkish Stream pipeline.
