12/24/2008

FDI to Turkey exceeds USD 15 billion as of October

Today’s Zaman - Net foreign direct investment (FDI) inflow to Turkey in October 2008 amounted to USD 1.7 billion, bringing the total amount to over USD 15 billion in the first ten months. According to the figures, most of the FDI in October, USD 1.4 billion, came from fund transfers by foreign companies as payments of their partnership capital provisions. The highest capital inflow was observed in the wholesale and retail commerce sector, amounting to USD 604 million. Additionally, of the USD 1.4 billion in cash capital inflow, USD 888 million came from the EU countries. As of the end of October 2008, foreign interests founded 2,375 companies in Turkey since January and partnered with 536 Turkish-owned firms. These businesses were primarily focused on the commerce business and the real estate and manufacturing industry. The total number of foreign companies in Turkey now stands at 21,296.