World Economy

FDI in Turkey Rises

FDI in  Turkey RisesFDI 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.