Turkey: Foreign investment in February reaches $457M

By Dilara Zengin

ANKARA (AA) - Turkey received $457 million in foreign direct investment in February, according to the Economy Ministry on Monday.

Foreign investment in Turkey reached $1.059 billion in the first two months of this year, down by 34.3 percent compared with the same period last year.

The manufacturing sector got the largest amount of foreign direct investment at $162 million, followed by mining sector with $151 million in the January-to-February period.

There were 420 new foreign-funded companies established in February 2017, making a total of 54,038 companies with international capital operating in Turkey. A total of 6,927 of these were funded by German capital, while U.K. investors financed 3,008.