World Bulletin / News Desk
In the first quarter, foreign direct investment in Turkey advanced by two percent year-on-year to reach $2.8 billion, according to the ministry.
The financial intermediation sector received the biggest amount of FDI -- $990 million -- from January to March. It was followed by mining and quarrying sector with $223 million in the same period.
There were 422 new foreign-funded companies and branches formed in March, making a total of 54,493 companies with international capital operating in Turkey.
Forty percent of international firms operating in Turkey were funded by EU member states.
A total of 6,944 of these were funded by German capital, while investors from U.K. and the Netherlands financed 3,011 and 2,737, respectively.