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Turkey’s Foreign Direct Investment continues to climb

Posted on 14 September 2011

14 September 2011 – According to Mr Zafer Caglayan, the Turkish Economy Minister, Turkey’s FDI (Foreign Direct Investment) reached over 9 Billion USD in the 7 months to 31 July 2011 of which over 90% came from EU member states. This figures compares with 4.5 Billion USD for the same period in 2010 and nearly 9 Billion USD for the full 12 months of 2010. In releasing the figures Caglayan said “While [worry] about a global crisis is rising in the world, the confidence of foreign investors in Turkey is increasingly continuing. According to July 2011 current account balance data, foreign direct investments stood at nearly $2.8 billion”. Source Hurriyet

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