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And there are some signs that Turkish businessmen see the opportunities.
In the face of serious risks, the debt-ridden country plans rapid privatizations which Göktuna believes would create a good opportunity for Turkish businesspeople. Papaconstantinou said Greece will "immediately" start selling state assets in several major enterprises and take more than 6 billion euros in additional fiscal measures this year to tackle its debt crisis after a seven-hour emergency cabinet meeting on Monday. Among the sectors it is planning to privatize are telecom firms, ports, lottery companies and airports. Part of the state companies planned to be privatized are the OTE telecoms company, Hellenic Postbank, the ports of Thessaloniki and Piraeus and the Thessaloniki water company.

At this point, the best method to invest in Greece for Turkish firms is to go into partnership with Greek counterparts, Göktuna says. "I was present during Prime Minister Recep Tayyip Erdoğan's visit to Greece where Greek business people invited Turkish firms to invest in their country," Göktuna recalls.

The Germans may not like this....
by gk (gk (gk quattro due due sette @gmail.com)) on Tue May 31st, 2011 at 05:12:02 AM EST
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