Consulting firm Ernst & Young’s (EY) recent “EY Attractiveness Survey Europe June 2021,” report revealed that despite the 13 percent decline in the number of FDI projects in Europe, stemming from the turbulence and uncertainty caused by COVID-19, the number of FDI projects in Turkey increased 18 percent in 2020, making the country one of the largest investment destinations in Europe.
According to the report, Turkey is one of the largest investment destinations, which increased its share in Europe along with Switzerland, Finland and Sweden.
In the meantime, Turkey has become the 2nd largest destination in Europe for manufacturing with 153 projects, while manufacturing investments in Europe fell 22 percent due to supply chain disruption and uncertain demand.
The report also reveals that Turkey grew to be the second most preferred investment location for the chemical industry in Europe, at a time when European countries had to contend with a 5 percent decline in total.
Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.