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Incentive certificates hit highest number in June in Turkey

by Anadolu Agency

ANKARA Jul 29, 2020 - 2:19 pm GMT+3
Incentive certificate numbers reached 859 in June. (AA Photo)
Incentive certificate numbers reached 859 in June. (AA Photo)
by Anadolu Agency Jul 29, 2020 2:19 pm

Across June, Turkey hit its highest number of incentive certificates at 859, as the investment demand, despite the pandemic, has followed a stronger course this January-June compared with the same period last year, Turkish Industry and Technology Minister Mustafa Varank said Tuesday.

"We expect fixed investments worth TL 15.6 billion ($2.25 billion), generating 23,445 new jobs, thanks to these certificates," Varank said on Twitter.

Some 61% of investments are in manufacturing, 20% in energy, 13% in services, 3% in agriculture and also 3% in the mining sector, he said.

In the first half of this year, the country saw an 80% year-on-year surge in the number of certificates, a 40% increase in projected employment and a 14% rise in fixed investments, according to the minister.

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