Dünya - Foreign capital inflow to Turkey in the first seven months of 2011 has almost reached the total amount received in 2010, according to Turkey’s Minister of Economy Zafer Caglayan.
“The Turkish economy’s 8.8 percent growth rate in the second quarter, the highest in Europe, proves that Turkey’s solid and stable economy differentiates itself from Europe’s financially stricken economies,” said Caglayan in a written statement.
The minister stressed that investor confidence in Turkey is high, as evidenced by the level of foreign investment inflow into the country. Foreign investments in the January-July period have already reached USD 9.1 billion, nearly matching the 2010 total of USD 9.3 billion, said Caglayan, based on July’s balance of payments report.
Noting that foreign investment inflow in July alone hit USD 2.8 billion, the minister listed the financial services, energy and manufacturing sectors as the top three recipients of foreign capital in 2011. The number of foreign capital companies operating in Turkey also went up, reaching 28,184 in July figures.
Turkey’s economy has grown by 8.8 percent in the second quarter of 2011 on top of the first quarter’s record 11.6 percent, making the country one of the fastest growing economies in the world with a 10.2 percent first half growth rate.