One of Türkiye’s largest e-commerce firms, Trendyol, on Friday mentioned it has plans to enter the Ukrainian market, in an announcement that comes whilst Russia’s invasion nears the two-year mark without end.
The announcement got here following a gathering of Trendyol Group President Çağlayan Çetin and pioneering drone maker Baykar CEO Haluk Bayraktar with Ukraine’s First Deputy Prime Minister and Economy Minister Yulia Svrydenko in Kyiv to debate funding plans in Ukraine.
The firm’s press launch indicated plans for funding in digital and logistical infrastructure in Ukraine.
“I find it important for Turkish companies to prepare for investing in Ukraine without waiting for the end of the war,” Svrydenko mentioned.
“I believe that increased trade will bring our countries even closer.”
The announcement follows Trendyol’s latest launches in Germany, Azerbaijan, the Gulf States and the Central and Eastern European (CEE) markets.
The firm sees excessive potential in Ukraine’s quickly growing e-commerce market, an urge for food for Turkish merchandise and a possibility to open up each home and worldwide markets to Ukrainian manufacturers by means of its world-class digital infrastructure and rising worldwide footprint, learn the assertion.
Çetin and Bayraktar this week held a collection of conferences with high Ukrainian officers, together with Svrydenko and Strategic Industries Minister Alexander Kamyshin, to debate the 2 Turkish firms’ worldwide funding technique.
Svrydenko underlined the significance of Turkish firms’ readiness to spend money on Ukraine, with out ready for the struggle to finish.
“Their interest extends beyond the swiftly advancing high-tech sector and defense industry during wartime. There’s also a keen interest in collaboration within the logistics and marketplace with an export focus,” she mentioned.
The assembly explored methods to boost cooperation and construct stronger financial ties, Svrydenko burdened.
Earlier this month, one other Turkish e-commerce large, Hepsiburada, additionally introduced plans to launch operations in Ukraine.
The firm goals to begin promoting items in Ukraine if a trial run is deemed profitable, its CEO Nilhan Onal Gökçetekin informed an interview with Bloomberg News.
“Ukraine is a tough however essential marketplace for Türkiye,” Gökçetekin said. “ This is a strategic funding for us. In the longer term, (Ukraine) will normalize and we need to be prepared.”
Source: www.dailysabah.com