Survey shows new foreign investment plans in Turkey soon

An investors survey indicated on Tuesday that foreign businessmen were planning to make new investments in coming days.

Survey shows new foreign investment plans in Turkey soon

An investors survey indicated on Tuesday that foreign businessmen were planning to make new investments in coming days.

The International Investors Association of Turkey (YASED) carried out a survey, which indicated that 40 percent of international investors were planning new investments in coming days in line with economic developments.

According to the survey, 61 percent of investors forecast that the impact of global crisis will be overcome only after 2010.

The investors think economic figures will be stable in upcoming days, and economic growth in the world and Turkey, and inflation and interest rates in Turkey will be constant in the following six months.

The foreign exchange rates will be parallel to the inflation figure.

The YASED members have achieved their production, turnover, profit and export targets in the first half of 2009. 42 percent of the international investors said the number of their employees were down in the lat six months, whereas 43 percent said they kept all their employees. Only 15 percent said they employed more people.

Around 37 percent of investors think economic atmosphere will be better for international direct investments, whereas 29 percent think the economic atmosphere will become worse and 34 percent believe there will be no change.

The expectations for a better economic atmosphere in Turkey is lower. 40 percent of international investors think economic atmosphere in Turkey will become worse, and 63 percent say the new incentive system made public by the Turkish government will not cause new investments.

YASED members say the negative development that will affect international investors the most in Turkey will be "local economic crisis", and enumerated the main factors as "a new economic fluctuation in international markets" and "local political crisis."

According to the survey, the three main obstacles before international investors who want to make business in Turkey are "legal frame and implementation of laws", "economic instability" and "unregistered economy."

International investors want the Turkish government to give priority to unemployment, structural reforms.

Almost 74 percent of investors do not find sufficient the government's employment package and urgent measures package against economic crisis.

Founded in 1980, YASED is a non-profit, private sector organization whose members are international companies operating in Turkey. Being the most important representative of the international direct investments in Turkey, YASED members share a common vision and work proactively to promote a better business environment.

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Last Mod: 29 Eylül 2009, 14:14
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