Turkish Gas Company : Investment Plans Will Continue

Ipragaz, Turkey's leading liquid petroleum gas company, will not change its investment strategy and will continue operations as planned in Turkey despite the recent coup attempt, Selim Siper, Ipragaz CEO, said Monday. 
Siper expressed his condolences for those who died in the failed coup which took place on Friday July, 15, and stressed the event will not damage Ipragaz's investment plans in the country which will continue unabated. 
"Turkey will continue to be an attractive country for international capital with its demographic structure and strong development potential," Anadolu Agency (AA) quoted Siper as saying. 
The Organization for Economic Cooperation and Development (OECD) said in its June 2016 report that Turkey's GDP growth is projected to remain close to 4% per annum in 2016 and 2017. 
"A sharp hike in the minimum wage and social transfers in early 2016 will boost private consumption," OECD said. 
"As we see the coup attempt as a short-term crisis, we believe investments in Turkey will continue. But if an investor considers withdrawing investments due to this event, we don't see them as real investors," Siper noted. 
Siper stressed that Ipragaz does not foresee any differences to its operations which will continue as planned. 
Ipragaz is a leading LPG company in Turkey which was established in 1961. Since 1999 Siper has been CEO of the company, which now has over 1,000 employees and 3,000 dealers in Turkey.