International Investments In Turkey Were Worth 22 Bln Usd In 2007, Erdogan

ISTANBUL - Turkish Prime Minister Recep Tayyip Erdogan said Wednesday that "while annual international investments in Turkey was worth around one billion USD until 2003, international investments in Turkey were worth 22 billion USD last year."
Speaking at the inauguration of the 12th Congress of the International Business Forum organized by the Independent Industrialists' and Businessmen's Association (MUSIAD), Erdogan said that "despite all negative (global ) developments, foreign investments in Turkey would be worth 15 billion USD by the end of 2008."
At a time of a global financial crisis, foreign investments in Turkey show the confidence foreign investors have in Turkey, Erdogan said.
"Undoubtedly, the global economic crisis would have an impact on the Turkish economy as it does on other economies. However, I believe that we will go through this global crisis with the least difficulty," Erdogan said.
"Economic crisis in Turkey in the 1990s and later in the beginning of the 21st century taught us many things. We did our homework and made our preparations accordingly," Erdogan stressed.
"This global crisis will teach the relevant countries to promote solidarity and assistance among each other," Erdogan also said.
(SOL-AÖ)
(ECO)