Investment of 4.8 billion dollars in Turkey in the first 6 months of the year

Engin Aksoy, president of the International Association of Investors (YASED), said that in the first six months of this year there was an inflow of international direct investment to Turkey of 4.8 billion dollars.

“We estimate that improvements in macroeconomic stability and the regulatory framework in the next six months will trigger an additional inflow of investment capital of at least $7.1 billion,” Aksoy said.

THE COUNTRIES OF THE EU OCCUPY THE FIRST WITH A 59 PERCENT

Expressing that Turkey aims to get a 1.5 percent share of global international direct investment flows, Aksoy said that the current figures do not fully reflect Turkey’s potential.

Noting that European Union (EU) countries ranked first with a 59 percent share among all investments that came to Turkey since 2002, Aksoy said, “We see this overall trend continuing in the first six months of this year”. year too. The EU countries continued to be the first region of origin of capital inflows to Turkey with a share of 56 percent.

HOLLAND HAS BEEN TOP

Aksoy noted that the Netherlands accounts for 23 percent of total investment capital inflows nationally:

“We see the Netherlands followed by Russia with 15 percent, the United Arab Emirates with 13 percent, Germany with 7 percent and Ireland with 7 percent. Wholesale and retail trade and electricity generation were the leading sectors in investment capital inflows in the first six months of 2023. In addition to these sectors, we see continued investment flows in information and communication, which was one of the the areas highlighted last year”.

‘LOW COSTS’ IN Türkiye ARE EFFECTIVE

Aksoy, Türkiye; He stressed that it is an important investment destination due to its population in the region in which it is located and its proximity to the EU market, with which it maintains intense commercial relations with the contribution of the Customs Union.

Aksoy stated that Turkey is a country with lower costs compared to countries like Poland and Hungary with which it competes, “Overall, taxes and incentives are still a pull factor in Turkey compared to comparison countries. Although Turkey cannot realize its full potential, other areas where Turkey has advantages are human resources and infrastructure.

On the other hand, Aksoy stated that there are still areas for improvement in Turkey in terms of risk indicators and regulatory framework, and that they attach importance to the Coordination Board for the Improvement of Investment Environment (YOIKK), and that they follow the issues together. priorities on the agenda. with the public powers in the consultation platforms in which they actively contribute, he also said that they will follow up on the issues on the agenda that are important to YASED in the Medium-Term Program, which is expected to be announced soon. (AA)