TEXT-Fitch:Turkish investment incentive programme will support import-driven sectors
Wed May 23, 2012 4:40am EDT
(The following statement was released by the rating agency)
May 23 - Fitch Ratings says that the Turkish government's recently announced investment incentive programme will be beneficial for current strategic and large scale investments in Turkey from Turkish and foreign groups and provide further impetus for new or postponed investment plans in the slowing economic environment. However, it will be some time before the full effect of the new system on the competitiveness of Turkish corporates becomes evident.
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