DFDS exec hopes for reforms after finished Turkish election

Torben Carlsen puts his faith in upcoming reforms in Türkiye now that the election has been completed. DFDS is looking into possible acquisitions in the country.
CEO Torben Carlsen sees a big potential for DFDS in Türkiye. | Photo: Dfds - Pr
CEO Torben Carlsen sees a big potential for DFDS in Türkiye. | Photo: Dfds - Pr

DFDS’s chief executive officer, Torben Carlsen, sees a big potential in Türkiye and hopes that the recently concluded presidential election will provide stability to implement necessary economic changes in the country, he tells Danish business daily Børsen

”The election has now been completed, and we hope that the upcoming five-year period will entail more willingness to implement some of the measures that at least the most recognized economists consider effectual,” Carlsen says.

Türkiye has been plagued by towering inflation throughout recent years, and the country’s central bank has – surprising to some perhaps – chosen to lower the interest rate to fight the issue. This measure caused the inflation to go beyond 85 percent during the fall.

If the political situation allows for the introduction of economic reforms, Carlsen sees a big potential in the country for DFDS.

”I have a very strong belief in Türkiye as an economy. Looking at projections, the Turkish economy is expected to exceed Germany’s in 2035,” the CEO tells Børsen.

DFDS is currently examining the possibility of an acquisition of company Ekol Logistics, and now that the election is over, the assessment by the Turkish competition authorities may gain some additional pace.

This is not a given, though, but what the Danish company hopes for, says the chief exec.

English edit: Kristoffer Grønbæk

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