Italy-Turkey Family Businesses Driving Economic Growth and Development Model

04 Feb, 2025

Italy and Turkey recently highlighted the significance of family businesses as a model for economic growth and development. The Italian Embassy in Turkey hosted a new session of Meetürkitaly at Palazzo di Venezia in Istanbul, a series of meetings aimed at fostering collaboration and sharing success stories between the two nations.

Italian Ambassador to Turkey, Giorgio Marrapodi, introduced family business expert Alessandro Scaglione, who has authored numerous publications on the subject. The discussion focused on the importance of family business continuity as a model for socio-economic success, emphasizing how family enterprises form the backbone of both the Italian and Turkish economies. Marrapodi noted that this shared economic characteristic strengthens ties between the two nations and deserved special attention in the latest Meetürkitaly event.

The meeting was attended by key representatives from the Italian and Turkish economic and social sectors. Discussions revolved around the significant contributions of family businesses to national economies and the challenges they face in an increasingly competitive, interconnected, and digital global market. Participants also explored strategies to ensure the sustainability of family-owned enterprises, from governance models to technological adaptation.

Scaglione highlighted the vital role of family businesses in preserving cultural traditions while driving economic innovation. He noted that the family unit, beyond being a pillar of society, can also serve as a powerful economic force when combined with creativity and entrepreneurial spirit—traits that strongly characterize both Italy and Turkey.

The Meetürkitaly initiative continues to serve as a bridge between Italian and Turkish business communities, promoting stronger economic partnerships and innovation-driven growth. As globalization reshapes markets, strengthening family businesses remains a key strategy for long-term sustainability and economic resilience in both countries.

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