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Azerbaijan in TOP-3 of direct investors of Turkey

Business Materials 17 October 2017 19:31 (UTC +04:00)

Baku, Azerbaijan, Oct. 17

By Rufiz Hafizoglu – Trend:

Azerbaijan ranked third among direct investors in the Turkish economy in eight months of 2017, Turkey’s Central Bank said in a message Oct. 17.

The Netherlands ranks first with a total capital of $1.5 billion and is followed by Spain with $1.46 billion and Azerbaijan with $335 million.

Total direct investments of China and the US in Turkey amounted to $100 million in the period, says the message.

Foreign investments in the Turkish economy rose by 28.8 percent in the eight months of 2017 and totaled $4.9 billion as compared to the same period of 2016.

Earlier, Turkey’s Central Bank disclosed the volume of foreign investments put in the Turkish economy in 1H17: during the period, Azerbaijan’s investments reached $305 million and the country ranked fourth among foreign investors.

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Follow the author on Twitter: @rhafizoglu

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