A 2013 Turkey Investment Attractiveness Report released by auditing and advising firm Ernst&Young puts the country second in the world at 80 percent second only to Brazil at 83 percent. As a result, Turkey's rating has now reached the investment-grade level. The survey, conducted with 201 firms in 29 different countries, draws attention to the loss of trust in Europe. At 38 percent, European nations remained low in terms of attractiveness for investment, while the Middle East received 75 percent and Africa 73 percent of the vote.
THE APPETITE FOR INVESTMENT HAS INCREASED
Ernst&Young Turkey Corporate Financial Department Director Müşfik Cantekinler says that interest in Turkey is fast on the rise. "Foreigners have set their sights on countries such as Brazil, Turkey, Indonesia, China, Vietnam and Malaysia. We have no competitors in the region. We used to get mixed up with countries such as the Czech Republic, Romania and Poland however the situation has since changed drastically," says Cantekinler.
This is a translation of an article originally written by Barış Ergin.
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