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Tuesday, December 27, 2005

Institutional Investor-There's Money To Be Made In The EU Hopeful

"There's Money To Be Made In The EU Hopeful
Source: InstitutionalInvestor.com
Jonathan Shazar

Turkey won recognition in October by the European Union as a market economy, cementing its position as a financial system worth noting. Investors, it seems, already have.

Foreign direct investment inflows have more than quadrupled in the last three years, from an average of $1 billion per year between 1992 and 2002 to an estimated $4.6 billion this year, according to broker Alpha Finance. The number of Turkish firms boasting international investment is also up, by almost 50%, from 6,275 to 9,605."

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