The crisis in Turkey will not harm us, stated Stjepan Talan, co-founder and member of the Management Board of Solvis, for Lider. The company grew by almost 110 percent last year, primarily due to good business in Turkey, reaching a revenue of 611 million kuna. However, this year has not started as planned.
– The decline in business with Turkey does not affect us much because we are able to achieve the same volume in the European Union market where we have managed to position ourselves well, Talan told us.
It is worth noting that since the beginning of the year, the Turkish lira has lost about 40 percent of its value as the Turkish economy faces a sharp slowdown in growth, and possibly even recession. The currency has fallen to its lowest level in history.
– The investment cycle in Turkey will certainly be disrupted, says Talan, emphasizing that even before the escalation of the crisis, they began to rely primarily on stable and standard EU markets (Dutch, French, German, etc.), thus reducing the risk due to weaker business in Turkey.
According to the latest statistical data, in the first five months, Croatian companies exported goods worth 44.7 million euros to Turkey (a decrease of 8.2 percent compared to the same period last year), while imports amounted to 145.3 million euros (22.6 percent more).
