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Turkey: Investment to increase in 2011

Posted on 14 February 2011

Date: 25/01/2011
Turkey: Investment to increase in 2011

According to Nihat Ergun, Turkey’s Minister of Industry and Trade, from a macroeconomic point of view, Turkey is one of the few countries in the world that radiates confidence to global investors.

Attending a Gaziantep Chamber of Industry meeting, Ergun is quoted as saying “Investments will pick up speed in 2011,” and went on to hint that large-scale investments in the automotive and energy sectors are expected in Turkey in the coming months.

Ergun went on to indicate from 2010 data on industrial output and exports vehicle sales in Turkey increased by 38 percent and hit a record level of 509,000. The Industry Minister went on to add “The unemployment rate was also down by 1.8 percent in October, and 953,000 new employees joined Turkey’s active workforce. The downward trend in unemployment indicates a strong 2010 performance and high expectations,” and added. “Turkey’s growth rate is expected to be around 8 percent for 2010, and I believe that a 4.5 percent growth estimate for 2011 can easily be surpassed”.

22 January 2011 Invest in Turkey

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