GLOBALink | European companies mull shifting production to Türkiye amid energy crisis-Xinhua

GLOBALink | European companies mull shifting production to Türkiye amid energy crisis

Source: Xinhua

Editor: huaxia

2022-10-14 13:27:02

Some European companies are mulling shifting production to Türkiye amid the continent's energy crunch caused by the Russia-Ukraine conflict, business professionals said.

There is "serious interest" from some European firms toward Türkiye which offers lower labor and production costs driven by a weakening currency, said Kaan Sahinalp, a Turkish representative for several foreign companies.

Produced by Xinhua Global Service

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