Posted by meb at December 24th, 2008

The net foreign capital inflow to Turkey declined 15.7 percent to $12.7 billion in the January-October term in 2008, compared to the same period of 2007, the Treasury announced in a statement on Tuesday.

Net foreign direct investment also fell 15.9 percent to $15.2 billion in the same term compared to the same period of last year, the statement also said.

According to the figures; $5.2 billion of the international direct investment inflow was realized by the operations of fiscal brokerage firms, while $3.094 billion came from the manufacturing industry and $1.9 billion from the wholesale and retail trade sector, within the first 10-months of 2008.

The amount of international direct investment reached to $1.7 billion in October, the statement added.
source: Hurriyet daily news

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