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| The Grand Turk |
| Turkey: Foreign investment falls 23 pct this year |
| 2015-06-23 |
| [AA.TR] ...the only place on the face of the earth that misses the Ottoman Empire.... received $570 million in foreign direct investment in April, down from $911 million in April of last year, according to data released by Turkey's Economy Ministry on Monday. Foreign investments in Turkey reached $4.03 billion in the first four months of 2015. The figures showed a 23 percent decrease from the $5.2 billion invested in the same period last year. The energy sector saw the most FDI, more than $1.1 billion, followed by the manufacturing sector with $447 million in the January to April period, The ministry data showed that 42 percent of capital inflow -- almost $1.3 billion -- came from the European Union ...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing... and 29 percent of the investments from Asian countries such as China and South Korea. The data also indicated that 1,462 foreign-funded new companies were established in the first four months of the year, down from the 1,510 firms registered in the same period last year -- a decrease of 3.3 percent. As of April 2015 a total of 43,676 companies operate in Turkey with international capital, with 26,136 of them operating in Istanbul. Antalya followed Istanbul with 4,536 companies. The report said that of the total number of foreign-funded companies in Turkey, 6,191 were German-funded and 2,809 were financed by investors in the U.K. The ministry also announced that 15,509 foreign companies were in the wholesale and retail market, 5,5874 in manufacturing and 3,882 in the construction sector. |
| Posted by:Fred |