8/15/2008

Turkish $15 bln FDI forecast still within reach

Hurriyet - Turkey may still attract foreign direct investment (FDI) of $15 billion this year, International Investors Association of Turkey, YASED said in line with its previous forecast. YASED said in a report that the FDI in the first half of the year was $7.6 billion, bringing the total within the 12 months to June up to $17.3 billion. "It appears that the end-year forecast of $15 billion which we made is still achievable," the YASED report said. FDI in 2007 stood at $22 billion and in May, Economy Minister Mehmet Simsek said the 2008 total was expected to be between $14 billion and $16 billion, lower than an official target of $18.5 billion.

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