36204
FDI in  Turkey Rises
World Economy

FDI in Turkey Rises

Foreign direct investment to Turkey rose 32% last year on the previous year to $16.6 billion, the largest sum since the 2008 financial crisis, according to the Investment Support and Promotion Agency, Anadolu Agency reported. “Some 51% of the country’s current account gap was financed through the FDI inflow. We saw more than $1 billion in FDI flow into Turkey on monthly basis in 2015, the largest amount since the global financial crisis,” the agency said. The service sector saw the greatest input of foreign capital at $6.2 billion, followed by the manufacturing and energy sectors. Spain, the United States and Luxembourg were the largest investors, followed by the Netherlands, Azerbaijan, Belgium, Russia, Britain, China and Germany.  The country’s attractiveness in the eyes of foreign direct investors is expected to increase further in the forthcoming period with the realization of a number of reforms, which have been defined in the 64th Action Plan, and other measures to improve the investment climate, the agency added.

 

Short URL : http://goo.gl/8yEcx9
  1. http://goo.gl/Xnmwha
  • http://goo.gl/0hy75c
  • http://goo.gl/S7URPg
  • http://goo.gl/6yXVqq
  • http://goo.gl/BUqmRZ

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Trending

Googleplus