Turkish Minister: EU has confidence in economy

Turkish Economy Minister Zafer Caglayan has said inflow of foreign investments showed the confidence of the EU countries in Turkish economy.

Turkish Minister: EU has confidence in economy

Turkish Economy Minister Zafer Caglayan has said inflow of foreign investments showed the confidence of the EU countries in Turkish economy.

Releasing a written statement on Tuesday, Caglayan said that direct foreign investments made in Turkey in the first seven months of 2011 reached 9.1 billion USD, adding that direct foreign investments figure in the whole of 2010 had been 9.3 billion USD.

Noting that 2.8 billion USD of foreign investments were made in Turkey in July 2011, Caglayan said that 91 percent of direct foreign investments in the first seven months of 2011 was made from EU countries which showed the confidence of EU countries in Turkish economy.

Caglayan said that foreign countries made the most investment in banking-insurance, energy sector, and manufacturing industry in Turkey. He added that chemistry and food sectors were on top under manufacturing industry area.

Caglayan said that Turkey's first quarter growth rate had been 11.6 percent, second quarter was 8.8 percent, and first half was 10.2 percent in 2011.

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Last Mod: 13 Eylül 2011, 14:00
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