Soros Plans New Investments in Turkey

Soros said the European Union (EU) process and reforms made because of this process will make Turkey more attractive. Soros noted that Turkey’s EU aspirations should be supported as it has achieved tremendous success on its way to the EU.

Soros entered the oil sector in 2003 with the purchase of the Turkish brands "Yudum" and "Sirma," and says his new investment will be in the chocolate sector.

Soros met with a group of Turkish businessmen in Davos during the World Economic Forum last week as well as Turkish Prime Minister Recep Tayyip Erdogan, State Minister for Economy Ali Babacan and Finance Minister Kemal Unakitan.

The 74 year old American businessman does not become actively involved in the administration of the companies, but does run the Soros Fund Management (SFM) investment company.