6/5/2009

“Turkey attracted USD 18 billion of investment even in times of crisis”

Referans - Speaking in the Annual Islamic Development Bank meeting in the Turkmen capital of Ashkabat, Ibrahim Canakci, the Turkish Undersecretary of Treasury, said Turkey managed to draw a direct investment amount of USD 17.8 billion during 2008 when the adverse effects of the financial crisis were most strongly felt. Canakci pointed to the fact that this year’s FDI expectation of USD 10 billion was attainable in the light of the current financial readouts. “We’ve realized a Eurobond sale of USD 1.5 billion and have seen a record demand for our exports” said Canakci. Canakci spoke highly of the Turkish financial market as a considerably deep market, offering a variety of tools and having a substantially free cash flow when compared with those in exemplary countries.