Foreign direct investments in Turkey increase by 28.8 percent in 8 months

It is reported that foreign direct investments in Turkey amounted to about 4.9 billion dollars in 8 months of this year corresponding to an increase of 28.8 percent over the same period in 2016. It was also observed that 79 percent of direct investments had been realized by European residents. Based on data provided by the CBT (Central Bank of Turkey) direct investments realized by non-residents in Turkey in the period January-August increased by 28.8 percent compared to the same period of 2016 to 4 billion 851 million dollars. The said amount was 3 billion 767 million dollars in the 8 months of last year.

Direct investments in Turkey by residents in Europe rose to US$ 3 billion 830 million in 8 months of this year. Thus, 79 percent of direct investments were made by residents in Europe.

Direct investments by Asian residents reached 825 million dollars in 8 months of the year with an increase of 5.4 percent, while the region with the highest direct investment in Turkey after Europe was Asia. In the same period, direct investments from America (the continent) decreased by 57.1 percent to 147 million dollars.

In the first 8 months of the year, Turkey attracted the highest amount of direct investments from the Netherlands, Spain, Azerbaijan and Austria. Dutch residents had a capital inflow of 1 billion 501 million dollars to Turkey, which accounted for 30.9 percent of total direct investments.