Austria Is Largest Investor in Turkey

BusinessEconomy ♦ Published: March 20, 2012; 17:11 ♦ (Vindobona)

In 2011, Turkey recorded $ 15.7bn in foreign direct investments, which is a rise by 74%.

Austria Is Largest Investor in Turkey / Picture: ©

After total FDI of $ 9.0bn in 2010, Turkey could raise the figure to € 15.7bn last year. This is the fourth-highest figure in Turkey´s history. Only in 2006 ($ 20.2bn), 2007 ($ 22bn) and 2008 ($ 19.5bn) higher investments were observed.

Turkey´s Minister of Economics, Zafer Caglayan commented that Turkey is still a magnet for foreign investors – in spite of the global…