10/13/2020

Turkey Incentivizes TRY 18,3 Billion Worth of Investments

​​“We have issued TRY 18,3 billion worth of investment incentives in August, paving the way for new job opportunities for 28,411 citizens,” Minister of Industry and Technology Mustafa Varank announced on October 12. 

In his statement, Minister Varank provided detailed information on the results of Turkey’s investment incentives in the first 8 months of 2020. Accordingly, compared to the same period of 2019, the first 8 months of 2020 saw the number of incentive certificates rise by 98 percent, projected employment by 54 percent and fixed investments by 32 percent. 

Among all the investments decided to be made, 57 percent were in the manufacturing sector, 24 percent in the energy sector, 16 percent in the services sector, 2 percent in the agriculture sector, and 1 percent in the mining sector.​
Mustafa Varank; investment; incentive; certificate; employment