Turkey: Foreign investment hits $3.39 billion in July

ANKARA

Foreign direct investment in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Wednesday.

From January to July, FDI inflows were $9.71 billion,” the report said.

Net foreign capital inflow was $7.4 billion in the first seven months of the year.

Invesment from EU countries constituted 63 percent of the overall amount and 24 percent came from Asian economies.

In July, 139 companies were started in Turkey with foreign investment, and 11 domestic companies took foreign partners.

During the January-July period, 2,534 foreign-owned companies or their branches were established in Turkey while 104 Turkish-owned companies became partners with foreign companies.