Turkish investments abroad grow by over 77 percent

Business Materials 17 September 2012 13:01 (UTC +04:00)

Azerbaijan, Baku, Sept.17/ Trend, A.Taghiyeva /

Direct investments abroad from Turkey's domestic capital in the first seven months of 2012 increased by 77.5 per cent compared to the same period in 2011, amounting to $2.8 billion, the Central Bank of Turkey's report published on its website on Monday says.

Most of the capital investments ($2.4 billion) were made in European economies with $2.08 billion accounting for the Netherlands.

Investments of residents working abroad in the Turkish economy for the reporting period increased by $568 million compared to the same period of 2011, reaching $8.8 billion.

Direct investments of non-residents in the Turkish economy during seven months totalled $7.1 billion which is three per cent less than the same period of 2011.