• 01.11.2014 SATURDAY
  • GOLD 84.1000
  • EUR 2.7940
  • USD 2.2300
  • ANKARA
  • TODAY 7/11

Turkey ahead of EU members in terms of investment feasibility

06 August 2012 14:34 (Last updated 06 August 2012 14:37)
Turkey has left behind many developed European countries in terms of the time for business start-up, accessing skilled labor and transparency in finance sector.

ANKARA (AA) - August 6, 2012 - Turkey has left behind many developed European countries in terms of the time for business start-up, accessing skilled labor and transparency in finance sector.

According to figures of the Turkish Ministry of Economy's Economic Outlook in July, foreign investors contributed 15.8 billion USD in Turkey.
Time for business start-up in Turkey is 6 days. With this duration, Turkey leaves behind many developed European countries, including England, Russia and Greece.
Turkey is also much better than Bulgaria, the Czech Republic, Romania, Slovakia, Greece and Poland with the 5.7 points over for access to skilled labor.
In terms of transparency in finance sector, Turkey, with 6.8 points, is also ahead of Slovakia and the Czech Republic. 
While Greece has 4.3 points in this category, other EU countries Romania, Poland and Bulgaria's performances were also lower than Turkey.
With its performances Turkey became 23rd country that attracted the most foreign investors in the world in 2011. 
Turkey is projected to receive 20 billion USD foreign investments until 2013.

Reporting by Ibrahim Yilmaz

70