Foreign direct investment declines
Güncelleme Tarihi:
ANKARA - Net foreign direct investment in Turkey totaled $1.7 billion in October, official figures have revealed. The figure for between January and October reached $15.29 billion, despite a 15.9 percent decline compared to the corresponding period last year, according to Treasury data, when the figure stood at $18.19 billion.
The capital inflow, including the transfers concerning international investors’ participation in domestic capital companies with their new or existing companies, stood over $1.4 billion in October. Of the capital inflow, $604 million came from wholesale and retail trade.
The European Union, or EU, countries supplied $888 million of the $1.4 billion in October.
Financial intermediaries supplied nearly $5.2 billion of the almost $12.8 billion foreign direct investment during the January-October period. EU countries provided 75.4 percent of cash capital inflow during the period.
In October, 110 international capital companies and branches were founded in Turkey while foreign capital joined in 29 domestic capital companies.
New companies
As of the end of October, 2,375 foreign capital companies and branches were founded while 536 domestic capital companies received foreign capital, according to Treasury data.
During the January-October period, 2,911 foreign capital companies operated in wholesale and retail trade, real estate leasing, business activities and manufacturing industry.
Among the companies in the manufacturing industry, chemical material and products ranked first, together with machinery and equipment manufacturing. Food products and beverages were next on the list.
A total of 285 foreign-capital firms, branches and foreign partnerships were founded in the first 10 months of the year, with a total capital of over $500,000. Among these companies, 56 operate in the manufacturing industry, 49 in wholesale and retail trade and 32 in real estate leasing and business activities.
Of the 2,911 foreign capital companies founded in the January-October period, 1,519 had partners in EU countries, 474 from other European countries and 471 from the near and Middle Eastern countries.
As of the end of October, 17,318 foreign capital companies or branches were founded, while 3,901 domestic companies had foreign capital participation. A total of 21,219 foreign capital companies are operating in Turkey. Among the companies with partners in the EU, Germany ranked first with 3,623 firms.
Britain and the Netherlands followed with 2,049 and 1,659 respectively. On the city-based distribution of 21,219 foreign capital companies, Istanbul came at the top with 11,278 firms. Antalya ranked second with 2,699 companies and Ankara third with 1,384.