Posted by meb at March 24th, 2007

The Turkish Treasury issued 199 investment incentives worth almost YTL 2 billion (=$1.45 b.)in January. A total of YTL 1.2 billion of financial incentives were given to the production industry. It is foreseen that the incentives will result in investments of YTL 1.94 billion and provide employment for nearly 12,000 people. Of the YTL 1.94 billion, YTL 710 million is directed to the service sector. The leading investment area is the Marmara region, which will receive YTL 952 million.The investments in the Marmara region, constituting 79 of the 199 investment incentives will provide employment for 5,309 people. The second-biggest investment area is in the Mediterranean due to a rapid growth in tourism, with 38 incentive certificates issued for investment, worth a total of YTL 643.4 million. This will provide employment for 2,732 people.

source: Today’s Zaman

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