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Turkey attracts $36 bln investment in 8 mths to Aug

Turkey attracted $36.4 billion in foreign capital investment in the first eight months of 2006, Deputy Prime Minister Abdullatif Sener said on Wednesday.

Reuters
00:00 - 30/10/2006 Pazartesi
Güncelleme: 22:47 - 13/10/2006 Cuma
Yeni Şafak
Turkey attracts $36 bln investment in 8 mths to Au
Turkey attracts $36 bln investment in 8 mths to Au

Of that total, foreign direct investment amounted to $12.1 billion, Sener told a conference.


"Foreign direct investments are financing 54 percent of the current account deficit. Healthy developments in the financing of the current account deficit continue," he said.


He also said oil imports in the first eight months constituted $5.7 billion of Turkey's $22.4 billion current account deficit, which is a major weak spot of Turkey's fast-growing economy.

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