Turkey’s FDI fall 45.5 pct in Jan-Jun term
Posted by meb at July 11th, 2008
Turkey’s foreign direct investments (FDI) fell by 45.5 percent to 6 billion dollars in the first five months of 2008 compared to the same period of last year, the Treasury Undersecretariat announced in a statement on Friday.
A total of $649 million of foreign direct investment flowed into Turkey in May, the statement read.
The equity investment inflow component of the international direct investment inflows reached up $5 billion in the same period, with $2.8 billion of this amount flowing into the financial intermediation sector, according to the latest figures.
In the first five months of 2008, 1,239 companies and branch offices with international capital have been established and 280 international capital participations to the existing domestic companies incurred the statement also read.
According to the latest figures, FDI during the January-May term reached $11 billion in Turkey. (more…)
