International companies withdraw from Turkey Market

2016-11-20 18:57:12


İSTANBUL – Prime Minister Binali Yıldırım confession's  “ If we put on the brake we upside down” shows how Turkish economy under the risk. Zara Company also had  put on its agenda to withdraw from Turkey market.
 
Turkey is grappling with on the one hand political crisis on the other hand with economic crisis. Dollar (one dollar is over 3.37 lira)  and Euro ( one euro is over 3.57 lira) values have raised against Lira. 
 
Therefore international companies started to withdraw from Turkey market one by one. MediaMarkt was the first company who started to withdraw from Turkey Market. MediaMarkt had closed its own shop branch Demirören Shopping Center in Istiklal-İstanbul. The House Cafe, Colombia and Tekno-sa also closed its own branches in Turkey. Teknosa had closed its 76 shops in Turkey.
Another  famous international company Zara started to argue to withdraw from  the Turkey market.Zara is one of the three greatest company among clothing companies. There are  over two thousand shops of Zara  all around world and  37 shops there are  in Turkey.