8/15/2011

Foreign capital inflow to Turkey up 324 percent in first half

Dunya - Foreign capital inflow to Turkey in the first half of 2011 skyrocketed by 324 percent over the same period of the previous year. The country succeeded in attracting USD 6.9 billion in foreign capital in January-June period, compared with the previous year’s USD 1.6 billion.

According to data released by the Central Bank of the Republic of Turkey (CBRT), capital inflow from European countries increased by over 388 percent, reaching USD 6.2 billion, while inflow from Near and Middle Eastern countries decreased to USD 76 million, with a decline of 43.3 percent.

Capital originating from North America surged 140 percent, reaching USD 439 million, while Far Eastern sourced capital increased by a whopping 329 percent, reaching USD 163 million.

Having attracted over USD 5.7 billion, the services sector remained the main beneficiary of the first half’s foreign capital inflow, while the remaining USD 1.1 billion was channeled into Turkey’s manufacturing sector.
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