International Home Textile Magazine April 2019

76
HTE
EVENTS
European companies invested
$210 billion in Turkish economy
In the period of 2003 to 2018, companies with European
capital invested nearly $210 billion in the Turkish economy,
Arda Ermut, the president of the Investment Office
said during a presentation in Austria. Austrian-capitalized
companies also invested $10.5 billion in direct investments
in the country in the same period. Ermut recalled that the
number of Austrian companies operating in Turkey has
neared 1,000. Ermut remarked that the world is experiencing
a recession in terms of foreign direct investment (FDI),
saying, “In 2018, when investments declined all over the
world and developing countries like Turkey saw decline in
direct investments, we attracted $13.2 billion in foreign direct
investment, achieving a 14 percent rise compared to
2017, which was a very positive signal.”
Highlighting that a large portion of direct investment in
Turkey come from Europe, Ermut said that European countries
had a share of nearly 65 percent in 2018.
Explaining that European-capitalized companies invested
nearly $210 billion in Turkey from 2003 to 2018, Ermut
stated that Austrian-capitalized companies also invested
$10.5 billion in direct investments in the country in the
same period. Ermut recalled that the number of Austrian
companies operating in Turkey has neared 1,000.
Underlining that Turkey’s geographical position offers great
advantages to Austrian companies wanting to operate
in other countries in the region, Ermut said, “Turkey and
Europe are two important and strategic partners. Its young
April 2019