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Thursday, March 16, 2006

Turkey enjoys record-breaking direct foreign investment (SETimes.com)

"Turkey enjoys record-breaking direct foreign investment

16/03/2006

Reduced tax rates, privatisation bids, the start of accession talks with the EU and economic growth are some of the factors attracting investors to Turkey, analysts say.

By Allan Cove for Southeast European Times in Istanbul -- 16/03/06

Growing economic stability, as well as the recently launched EU accession process, have spurred an unprecedented increase in foreign investment in Turkey, official statistics suggest. Direct foreign capital inflow into Turkey rose 239 per cent in 2005, reaching $9.65 billion. Meanwhile, real GDP has risen by 32 per cent and per capita income by 120 per cent over the past four years."

More:Turkey enjoys record-breaking direct foreign investment (SETimes.com)