FDI inflow into Turkey’s financial services sector to streghten – ISPAT President

Sozcu – Foreign direct investment (FDI) inflow into Turkey’s energy, financial services, and infrastructure sectors is set to increase in the coming months, the head of the country’s official investment promotion agency has said. Sharing his views about the trends and prospects in Turkey’s investment environment and improving business relations with neighboring Greece, Ilker Ayci, President of the Investment Support and Promotion Agency of Turkey (ISPAT), highlighted the significant value of Greek investment in Turkey, putting the figure at USD 6.6 billion over the last decade. Earlier this week, Turkey and Greece pledged to boost trade and business during the Greek Prime Minister’s visit to Turkey.

“We expect the continuation of Greek investments and concentrating our efforts to facilitate the process...” Ayci said, recalling the existence of an agreement signed between ISPAT and its Greek counterpart on developing bilateral invesments in 2010. Noting that Greek investors focused their attention on Turkey’s banking and finance sectors, Ayci said that the Agency would soon be promoting Turkey’s new investment system in Greece. “The investment opportunities in Turkey will be presented to Greek investors in Greece..”, ISPAT President remarked.

Turkey is likely to receive more investments in its energy, banking, insurance, and infrastructure sectors from all the world. Far Eastern investors, namely, Japan, South Korea, Malaysia, and Singapore are keen to invest in Turkey, Ayci said.

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