Turkish int’l investment position deficit increases

Business Materials 21 May 2012 17:14 (UTC +04:00)

Azerbaijan, Baku, May 21 / Trend A.Taghiyeva /

The deficit of Turkey's international investment position has increased by 16.9 percent as of the first quarter of 2012 to $380.9 billion, the Turkish Central Bank said on Monday.

Turkey's reserve assets increased by 1.7 percent as of Jan.-March and hit $177.8 billion.

Turkey's debt obligations increased by 11.6 percent per year and amounted to $558.7 billion.

Turkey's direct foreign investments increased by $312 million.

The deposits of the country's government in foreign currency and liras in the first quarter increased by 5 percent and amounted to $32.3 billion compared to the same period 2011.

Turkey's portfolio investments increased by $18.1 billion and hit $127.5 billion. Capital reserves of non-residents in the first quarter of 2012 rose by 30 percent compared to the same period in 2011, reaching $51.9 billion.

Turkey's other international investments not included in direct and portfolio investments reduced by $3.1 billion per year and hit $58.8 billion.