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In first 11 months of 2017, over 5,000 foreign companies were established in Turkey

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In first 11 months of 2017, over 5,000 foreign companies were established in Turkey
Business Area in Istanbul Turkey – BusinessTurkeyToday.com

Based on data provided in the “Bulletin of Foreign Direct Investments” published by The Ministry of Economy 5,000 international companies were established in Turkey in the first 11 months of 2017. In November alone, an international net direct investment inflow of USD 655 million was realized.

On the other hand the amount of capital inflow related to transfers realized by international investors concerning their capital shares in domestic companies was USD 306 million in November. A significant portion of this amount corresponding to over USD 100 million was from EU countries.

In the January-November period of last year, net direct international investment inflows decreased by 9.5 percent compared to the same period of previous year to USD 9 billion 817 million

Of the FDI inflows in January-November, USD 1.4 billion came from the activities of the financial intermediaries, USD 1.2 billion from the transportation, communications and storage sectors and USD 1.1 billion from the manufacturing sector. 67.9 percent of said capital inflow in the period was of EU origin.

During the January-November period, 5 thousand 145 international companies and branches were established, while 187 domestic capital companies received foreign capital participation.

Most of those companies were found to be active in the wholesale and retail trade sector and real estate leasing and business activities, transportation, communication and storage services sectors.

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