Türkiye's Investment Advisory Council expressed confidence in June 2006 that the country would remain a compelling destination for foreign capital, crediting disciplined economic policies by the government and the Central Bank.
The council's final declaration praised several government achievements, including revenue generated through the privatization program, tax policy reforms, passage of a social security reform package, and steps to reduce barriers facing investors, along with progress toward creating a dedicated investment promotion agency.
Foreign direct investment figures illustrated the upward trend: inflows stood at 1.8 billion USD in 2003 but climbed to 9.7 billion USD by 2005.
Looking ahead, the council urged the government to sustain privatization efforts and address key areas including research and development, logistics and transportation, customs infrastructure, information and communications technology, and the reduction of the informal economy.
Historical summary. TurkishPress restated this wire report, first published in June 2006, in its own words.