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Juncker's Turkish delight
Luxembourg

Juncker's Turkish delight

14.03.2012 From our online archive
Luxembourg's leader is weighing up potential business expansion in Turkey a month before the country open its first embassy in Ankara and consulate in Istanbul.

(JB) Luxembourg's leader is weighing up potential business expansion in Turkey a month before the country opens its first embassy in Ankara and consulate in Istanbul.

Prime Minister Jean-Claude Juncker highlighted the potential for strengthening trade links with Turkey, pointing out that the country had a trade volume of 104 million dollars in the first half of 2011.

In particular, the minister suggested that focus should be made on forging stronger links in the steel, airline, financial services and banking industries.

Luxembourg's finance minister Luc Frieden is expected to travel to Turkey in spring 2012 with a financial and economic delegation designed "to give new impetus to our bilateral relations in the field of banking and financial services," said the Prime Minister.

Mr Juncker backed Turkey's bid to join the Eurozone and expressed hopes that negotiations would accelerate.

Besides trade and business links, Turkey is already a firm favourite holiday destination among Luxembourg residents. Already in 2011 some 40,000 tourists from Luxembourg visited Turkey.

This marks nearly a four-fold increase on the year before in which 11,000 Luxembourg tourists visited the country.