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Foreign investments continue to enter Turkey

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Dec 14, 2012 - 12:00 am GMT+3
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by Dec 14, 2012 12:00 am

Despite the global crisis, Turkey continues to see an influx of foreign capital. Turkey has acquired 10.6 billion dollars worth of investments in the first ten months of the year alone.

The Ministry of Economy has announced their October 2012 International Direct Investment Entry figures. According to these figures, 498 million dollars entered Turkey through direct foreign investments. Out of the nearly 500 million dollar figure, 164 million were resources that entered Turkey from European nations.

By investing 55 million dollars in cash capital in the month of October, Holland tops the list of highest foreign investors. Germany follows in second with a total 21 million dollars invested in Turkey during the month.

The entry of cash capital from Asian nations reached 125 million dollars, 97 of which were from neighboring and Middle Eastern nations, while 28 million dollars entered Turkey from other countries in Asia.

In the first ten-month period of the year, 465 million dollars in loans from foreign partners were taken out by international capital firms.

Net real estate investments rose by23.3 percent, reaching 2.145 billion dollars.

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