Turkey expects $ 12-13 billion as foreign direct investment

In an interview on CNN Turk, Simsek said Turkey would grow below its potential in 2008; however, he said he expects a recovery at the beginning of next year.

Turkey expects $ 12-13 billion as foreign direct investment
Turkish State Minister for economy Mehmet Simsek said on Friday that foreign direct investment in Turkey would be around 12-13 billion USD at least and 14-17 billion USD at most in 2008.

In an interview on CNN Turk, Simsek said Turkey would grow below its potential in 2008; however, he said he expects a recovery at the beginning of next year.

"Turkey will go back to 6-7 percent growth rates again," Simsek said.

He also said the government would solve the current account deficit problem with structural reforms.

"We will implement the new incentives system together with new reforms at the end of this year to consolidate competition in Turkish economy," he added.

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Güncelleme Tarihi: 30 Mayıs 2008, 17:41
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