Economy minister: 86 percent of direct capital investment in Turkey was made by EU countries

Turkish Economy Minister Zafer Caglayan said that 86 percent of direct capital flow in Turkey was made by the EU countries in the first ten months of 2011.



ANKARA- Releasing a statement on Tuesday, Caglayan said that while Europe was struggling against economic crisis, Turkey continued to draw investments.
International direct investment flow in Turkey was 436 million USD in October 2011, said Caglayan, adding that direct investment flow increased 84 percent in January-October period of 2011 when compared to the same period of 2010.
Caglayan said that international direct investment --worth of 6.3 billion USD-- was made in Turkey in the first ten months of 2010, and this figure reached 11.5 billion USD in the first ten months of 2011. Total investment made in Turkey in 2010 was 9.1 billion USD, he added.
Caglayan said that Turkey was the rising economy of the world with 9.6 percent growth rate it recorded in the first three quarters of 2011.
Spain and Austria were the two EU countries which made the highest investment in Turkey in 2011, said Caglayan, adding that Spain invested 2.18 billion USD and Austria invested 2.15 billion USD.
Caglayan noted that banking and insurance as well as energy sectors drew the highest investments in Turkey.