Home News Turkey incentivizes TRY 18,3 billion worth of investments in August 2020

Turkey incentivizes TRY 18,3 billion worth of investments in August 2020


Turkey Incentivizes TRY 18,3 Billion Worth of Investments

​​“We have issued TRY 18,3 billion worth of investment incentives in August, paving the way for new job opportunities for 28,411 citizens,” Minister of Industry and Technology Mustafa Varank announced on October 12.
In his statement, Minister Varank provided detailed information on the results of Turkey’s investment incentives in the first 8 months of 2020. Accordingly, compared to the same period of 2019, the first 8 months of 2020 saw the number of incentive certificates rise by 98 percent, projected employment by 54 percent and fixed investments by 32 percent.
Among all the investments decided to be made, 57 percent were in the manufacturing sector, 24 percent in the energy sector, 16 percent in the services sector, 2 percent in the agriculture sector, and 1 percent in the mining sector.​

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.

Previous articleTotal turnover index including industry, construction, trade, and services sectors in Turkey increased by 23.5% in August 2020
Next articleIndustrial production in Turkey increased by 10.4 percent annually


Please enter your comment!
Please enter your name here