Turkish entrepreneurs are ready to make a feasible contribution to the post-war reconstruction of Ukraine. The head of the Association of Entrepreneurs Turkey-Ukraine (TUID) Burak Pehlivan told Anadolu Agency about this.
He recalled that TUID was founded in 2004 and today has more than 200 members.
“The branches of the association, which is headquartered in Kyiv, operate in various Ukrainian regions. A total of six branches of TUID operate on the territory of the country,” Pehlivan said.
The head of the association noted that with the outbreak of the war, many Turkish citizens left Ukraine, and the Association switched to providing humanitarian assistance to Ukrainian citizens. “Thanks to their activities, Turkish entrepreneurs have become an example for other foreign entrepreneurs. We have established supplies of aid to various regions of Ukraine, mainly food, medicine and clothing,” Pekhlivan said.
The head of TUID emphasized the high level of interaction between Ukraine and Turkey, noting that the relations between the countries are at the level of strategic partnership. “Over the past decades, Turkey has invested $4.5 billion in Ukraine, entering the TOP-3 leading investors in the Ukrainian economy. The volume of foreign trade between our countries in 2021 increased by 55 percent – up to $7.5 billion,” Pehlivan recalled.
According to him, the crisis associated with the war most strongly affected the construction, mining and heavy industries of Ukraine. “A fifth of Turkish companies in Ukraine have ceased operations since February, and 65 percent are suffering serious losses. Despite this, Turkish entrepreneurs are trying to maintain employment in the western regions of Ukraine, in particular in sectors such as food production, building materials, as well as retail and agriculture,” he said.
The head of the association noted that according to various estimates, the Ukrainian economy is expected to contract by 30-45 percent by the end of the year. However, at the end of the war, a very rapid recovery process is also predicted.
The head of the association focused on the fact that Turkey is making “sincere” and “constructive” efforts to end the war in Ukraine. “The Association is also doing its best to make its contribution to this process,” Pehlivan added.
On the night of February 24, Russian President Vladimir Putin announced the start of a special military operation in the Ukrainian Donbas.
Following this, the Russian army attacked Ukraine. Ukrainian cities, including Kyiv, were subjected to missile and bomb attacks.
President of Ukraine Volodymyr Zelensky responded by saying that martial law is being introduced throughout the country. The Ukrainian leader also announced a break in diplomatic relations with Russia.
The Kremlin’s actions were condemned at the UN and in most capitals of the world.
Tough sanctions have been imposed on Russia.
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