Siemens Turkey CEO Development: Everyone boredom



Siemens CEO turkey developing everyone in distress
Siemens CEO turkey developing everyone in distress

Siemens Turkey, Chairman and CEO Hüseyin Gelis, stating that they are 163 years in Turkey "We 1 years in normal periods, we do 5-year plan, we are now going over our plans every 3 months. Sometimes we do revise every month. Bazen Gelis, "2019 would be a good thing to say a very optimistic thing," he said.

Siemens Turkey, Chairman and CEO Hüseyin Gelis, CumhuriyetŞehriban Kıraç'in answered the questions.

Siemens Turkey Chairman of the Board and chief executive officer (CEO) and the International Investors Association (YASED) Vice President Hüseyin Gelis, "Any company or investors' today is going super everything in Turkey from you, there is a problem. Everyone in trouble see it, "he said.

They were trying to bring more investment in this process, but investors expect that the period that it also creates a domino effect that vugula Development, problems when it is expressed that Turkey should be told out better.

Kıraç's questions and Gelis's answers are as follows:

Financing difficulties

How do you see the light of recent economic developments in Turkey?
Any company or investor is going to get super everything in Turkey today, there is a problem. Turkey's potential did not change anything. It still has young population, entrepreneurship. But today everyone is in trouble. The most important distress is finance. It's got to look good on the details, not just Turkey's problem because most issues. In recent years, the interest rates are very low in abroad, so everyone should let us borrow credit, let's invest in projects. After that, the picture began to change. Interest rates are increasing. They also include country risks. In recent years, companies have been able to pay interest on loans. Then the bankruptcies increased significantly. We need to understand this. Need to go into details, why is it, seasonal?

Most of our customers now say they focus more on overseas projects. This is nice. But you are looking at Germany's growth rate this year will be 0.6. The Brexit process ler This is a very serious thing, because if Europe's strongest economy is not growing, our companies that are focused abroad will be affected. I think we can go through global recession. We need to study more.

Domino effect

Does Turkey have a serious impact on the global recession?
- We don't live on an island. Turkey is part of the global market. For him, if there is a serious problem abroad, it will affect us. If we heading towards a global recession in 2019-2020 Turkey it will be affected, of course. Turkey's economy will shrink this yılxnumx said. Zero or 1.5 percent growth although the recession for Turkey. so we're talking more investment to bring in Turkey as an investor in this process. Global investors are cautious. They say we wait carefully. That's like a domino effect. Everybody's waiting.

We need to talk more

During the crisis, what do you think the government did not anticipate?
- In Turkey, so we had many crises. If there is a risk, it is very important to accept and communicate this risk. They're doing this too. We need to talk about more serious matters. Trust is very important. We can get out of this crisis, we've been out before. I see these. In fact, everyone has to prepare itself. In English there is something like 'best case scenario, worst case scenario'. We have to plan for her. Investors are in the waiting stage. Some of the big projects are marching with great courage and they are good.
But I see more investments in the market in this period, more maintenance, service, savings, energy saving projects.

Every month plan

When the investor said in the waiting process, it will take up how long it will wait. What kind of uncertainties do you see when planning for the future?
- We are operating in Turkey since 163 years. We saw him for Turkey's potential all the time. If we are planning 1 annually, 5 annual plan in normal periods, we are now passing over every 3 month plan. Sometimes it happens every month. there is a beautiful side of digitalization. You can check the data every day. We are making our plans in a shorter period of time, taking action. We're more careful.

Reflex decisions should not be taken

The concern of investors in Germany in the previous years was security, and now what has it replaced?
- Relations between Turkey and Germany is actually a love. The friends speak honestly. Did all of them solved the problems between Germany and Turkey? No. We still need to talk about it. We need to find the solution together on some issues. But communication has improved, and it's progressing. Today tourists are coming back to Turkey. More tourists who spend money we want to see in Turkey. Trust in him is very important, communication is very important. It is very important to give honest information.

The dollar's exchange rate rises abroad when a decision was related to the return to Turkey. 32 decision on the protection of the value of Turkish currency. We, as domestic and foreign investors, have said that we understand the problem, but suddenly everyone is shocked when such a decision is made. We are always afraid of reflex decisions. We want to get together when there are problems. When you suddenly make a decision, even if you fix it later, everyone remains a perception. Just in case something might come off. That's risky. We need to talk more.

Then our government immediately understood the seriousness of this issue. There have been meetings, they wanted to know how to clarify the subject. These are very important to me.

You had thought of producing high-speed train in Turkey, there will be current investment environment?
- We never see ourselves as a foreign company Siemens in Turkey. We see Turkish company of German origin. Over the years, companies operating in Turkey are well aware of Turkey do not see a problem here. But Turkey has problems in SMEs more aware. They can suddenly change their strategy. We have seen this in the supply chain in the last time, registering in other countries. We gotta get them back. The important thing here is communication. Turkey needs to tell it better. We need to tell the truth when there are problems. Trust is a must.
Fast trains will be produced in Turkey. But the third tender must be done for him. If we take this step, our plan is ready.

We're looking at five years, not one year

You are active in areas such as infrastructure, energy, health, which area do you experience the most in this period?
- xnumx's percent of the installed power in the energy sector in Turkey,

- 2018 was bad, what do you foresee for this year?
- 2018 Siemens was the best year in the history of Turkey. There are two reasons. We have completed some long term infrastructure projects at 2018. Secondly, we received hedging for all the investments we made in foreign currency. But if 2019 is going to be a good thing, it would be something very optimistic. We need to be careful every quarter on 2019. If we can keep the same level as last year, it can be a great success.

-YASED vice president, what steps should be taken to attract investment again?
- We need to listen more to the fact that investors have concerns in Turkey, what are the challenges we can learn. We also raise these problems with working groups with different ministries. We also see that our ministers are very eager to do this. As foreign investors, we should not only understand the negative aspects but also the positive sides.

Siemens products and solutions are used in the 30 of total electricity generation. In our energy projects, we have to divide the big, small gas turbines. There are wind projects. In large gas turbines not just in Turkey, we are seeing a reduction from global to. it's high time we look at Turkey's renewable energy potential, but there are also our customers are behaving a little more careful. The reason is always the same financing.

Is there a lack of funding in energy?
- Yeah, I see her in the energy. Of course we don't have to stop. We reevaluate the possibilities of financing. How we can find funding. Is Turkey's economic situation really so bad? We are discussing her further abroad. Last year, President of the Republic of Berlin was positive to visit. Funding issues were also discussed there. They also analyzed the course they are both risks and opportunities of watching Turkey. These activities must continue. I think we need to talk and talk about where we are and what we have to do.

Which sectors in Turkey will focus on during this period?
- Our health sector is going well. Siemens Healthineers Turkey, Ankara Hospital founded Europe's largest hospital laboratory. We have the lab. These will continue. The issue of digitalization is increasing. We have 700 engineer in Turkey. We will work for more efficiency projects.
We also focus on transportation projects. In other words, it is the culture of our company. We are not just a year, but the future 5 deals with what the opportunities can be.

2019 will be difficult

2018 was bad, what do you foresee for this year?
- 2018 Siemens was the best year in the history of Turkey. There are two reasons. We have completed some long term infrastructure projects at 2018. Secondly, we received hedging for all the investments we made in foreign currency. But if 2019 is going to be a good thing, it would be something very optimistic. We need to be careful every quarter on 2019. If we keep it at the same level as last year, it can be a great success.

YASED vice president, what steps should be taken to attract investment again?
- We need to listen more to the fact that investors have concerns in Turkey, what are the challenges we can learn. We also raise these problems with working groups with different ministries. We also see that our ministers are very eager to do this. As foreign investors, we should not only understand the negative aspects but also the positive sides.

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