Favorites
WhatsappSend mailSend Viber message
+90 542 208 12 08

Italy tops list as Turkey draws over
$4.6B in foreign investment

Over $4.6 billion (TL 32.36 billion) in foreign direct investment (FDI) flowed into Turkey in the first 11 months of 2020, official data showed, in a year overshadowed by the corona virus pandemic and lockdown measures.

 

Of this figure, nearly $3.3 billion came from Europe, accounting for almost 71% of the overall FDI in the country, data compiled from the Industry and Technology, Ministry and the Central Bank of the Republic of Turkey (CBRT) by Anadolu Agency (AA) on Thursday showed.

 

Italian confectionery giant Ferrero is also a major investor in the country. It runs six production facilities in Turkey, three in northeastern Trabzon and at locations in northwestern Düzce and Izmit and western Manisa. It also operates eight warehouses, five collection centers and five Ferrero Farming Values offices, employing some 1,500 people.

Italy was followed by the U.S., with $769 million

 

OTHER NEWS

Property Investment in Turkey:

What Should be Considered in Buying or Selling a Property?

There are the most important things when buying, selling or renting real estate. The prior issues that should be considered the most are title deed and deposit. What should be considered when buyin...