2/7/2011

Foreign capital inflow surge in Istanbul

Dunya - Turkey’s financial capital, Istanbul witnessed a record amount of foreign capital inflow in 2010. According to the Istanbul Chamber of Commerce (ITO) data, the number of company establishments by foreign investors increased by 21 percent, resulting in a capital inflow increase of a staggering 119 percent.

The statement by ITO said that a total of 3,044 companies were founded by foreign investors in Istanbul, with a capital reaching TRY 824 million. This amount was recorded at TRY 376 million by 2,532 foreign investors in 2009.

Electronics was the primary recipient of foreign capital in 2010, with 450 new companies opening up shop with a capital of TRY 256 million.
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turkey; istanbul; foreign capital; foreign investors istanbul; istanbul foreign companies; ito