BELGRADE (Serbia), August 24 (SeeNews) – Turkish companies remain interested in investing in Serbia despite the adverse economic situation in Turkey, Bajram Akgul, a representative of the Foreign Economic Relations Board of Turkey (DEIK), said on Friday.
The free trade agreements that Serbia has with third countries makes it the most important investment destination for Turkish companies in the region, Akgul, a coordinator of DEIK for Serbia, said, according to a statement by the Serbian trade ministry.
"Everyone who has decided to start production in Serbia is thinking about increasing its capacity, which proves the stability and business climate for investments in our country," Serbian trade minister Rasim Ljajic said during a meeting with DEIK representatives in Istanbul.
Earlier this month, Ljajic said the collapse of the Turkish lira on the global FX markets may have a negative impact on the Turkish investments in Serbia.
The Turkish lira has lost 24.2% against the US dollar since the beginning of August, reached an all-time low on August 10. The situation caused concerns among European Central Bank officials over the impact of a weak Turkish lira on European banks.