Turkey to draw $7-8 billion foreign investments soon: minister

Turkey's economy minister said on Monday that Turkey would draw some 7-8 billion USD of foreign investments within a few months.

Zafer Caglayan said he was negotiating with two foreign investors, and only those two investments would be over 7-8 billion USD.

"Turkey is among the best investable countries in the world right now," Caglayan told reporters in Ankara.

Caglayan said Turkey would climb over its export target of 127 billion USD, and was working on new markets in order to eliminate negative developments that would occur due to the crisis in Europe.

Turkish exports were up 22.8 billion USD between January 1 and July 24 and reached 75 billion USD.

Moreover, Caglayan said current (accounts) deficit was not posing a risk for Turkey, and services and tourism sector incomes would help reduce current deficit in Turkey during summer.

"The current deficit pace will gradually slow down in the last quarter," Caglayan said.

Caglayan said Turkey was a country which has ensured political and economic stability, and there was not any development that could be associated with economic crisis.


/World Bulletin/