The July Economic Outlook Report released by the Economy Ministry shows that Turkey, which drew in 15,857,000,000 dollars worth of direct investments last year, has now left OECD nations England, Russia and Greece in its wake as it reaches the United States in terms of facilitating the opening of a business in just six-days.
Turkey also beats out a number of EU nations such as Bulgaria, the Czech Republic Slovakia, Greece, Romania and Poland in terms of having a 5.7 point access to qualified labor.
TURKEY'S TRANSPARENCY IN FINANCE
Turkey scored 6.8 points out of a total eight for the "Transparency
Criteria in Finance Sectors" category, beating out Slovakia at 6.1 points and the Czech Republic at 5.4 points.
Greece, which is regularly associated with the recent economic crisis, came out at 4.3 points, while EU member Romania had 3.3 points, Poland had 4.0 points and Bulgaria had 4.2 points.
Turkey's direct international investment
s saw a significant increase over the past decade. The investments that came in 2003 were already way above the levels seen between 1923-2002. In 2011, total direct international investments saw an increase of 17 percent worldwide, totaling out at 15 trillion dollars. Turkey on the other hand saw a 74 percent increase in direct international investments, which last year alone totaled out at 15.9 billion dollars.
In 2011, Turkey rose six levels to become the 23rd ranking nation in terms of attracting the most direct international investment. Amongst 173 developing nations, Turkey became the 12th country to draw in the most direct international investment. In the first five months of this year, direct foreign investments showed an 11 percent increase reaching 6.5 billion dollars. By the end of the year that figure is expected to reach 20 billion dollars.