Turkey Attracted More Foreign Investment in Early 2012

Foreign direct investment in Turkey rose 25 percent in the first two months of the year, Economy Minister Zafer Caglayan said.

Turkey attracted $1.7 billion in January and February, Caglayan said today at a conference in Istanbul, according to state-run Anatolia news agency. Foreign direct investment is one of the “cornerstones” of sustainable growth and economic development and relies on the ease of doing business and competition, he said.

To contact the reporter on this story: Emre Peker in Ankara at epeker2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net