Turkish Economy Minister Zafer Caglayan said that 10.1 billion USD of foreign capital flowed to Turkey in the first eight months of 2011.
This figure was nearly two times higher than the direct investment which had been 5.1 billion USD in Turkey in the same period of 2010, added Caglayan who assessed the international direct investments in a written statement on Wednesday.
Caglayan said that according to figures of balance of payments which was released by Central Bank on Tuesday, international direct investments in Turkey rose ten percent to 951 million USD in August 2011 when compared to August 2010.
Caglayan said that foreign capital which flowed in Turkey in 2010 was 9.3 billion USD, adding that it was 10.1 billion USD in the first eight months of 2011.
He noted that 90 percent of the capital inflow was made by EU countries, adding that Austria and Spain were the leading ones.
Caglayan said that banking and insurance sectors were on top in the inflow of international direct investment with five billion USD in the first eight months of 2011, adding that it was followed by energy sector with 2.6 billion USD, and manufacturing industry with 1.2 billion USD.
Caglayan said that company establishments and company participation with international capital increased 17 percent in the first eight months of 2011 when compared to the same period of 2010.
A total of 2,552 companies with international capital began to operate in Turkey in January-August period of 2011, said Caglayan. |
Source : worldbulletin.net
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