Türkiye shines as a manufacturing powerhouse in Europe – E&Y report

Türkiye’s performance in attracting foreign direct investments (FDI) over the last 5 years has been praised in global consulting firm Ernst & Young’s “Attractiveness Survey - Europe 2014: Back in the Game” report.

Placing special emphasis on Europe’s FDI landscape in the post-crisis years, the report lists Türkiye and Russia as highly attractive destinations for FDI, drawing global investors with their market potential, skilled workforce and improving business climate, stating that although Türkiye did not appear in the top 15 FDI destinations in Europe prior to the 2008 economic crisis, it saw a significant increase in FDI projects, by 129 percent, accompanied by a 162 percent increase in job creation, between 2009 and 2013.

Large investments in the manufacturing sector contributed most to Türkiye’s positive FDI track record in 2013 during which a general decline in FDI projects was observed in the Central and Eastern European (CEE) region. The country attracted 98 FDI projects in 2013 over 2012’s 95, affirming itself as Europe’s new hotspot for large manufacturing investments, the report notes.

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