Off the wire
• 3rd LD-Writethru-China Headlines: CPC Central Committee with Xi as "core" leads China to centenary goals  • AU calls for aiding Somali town recaptured from Al-Shabaab  • Putin criticizes Washington for breaking promise, saying Moscow ready to work with new U.S. president  • Roundup: Philippine president ends visit to Japan with blistering remarks against ally  • Finland's 81-year-old sentenced to four years in jail for sexually assaulting two underage girls  • Food poisoning sickens 1,000 school children in S. Africa  • Feature: Chinese carmaker gains reputation of good after-sale services  • Kenya's HIV infections on decline: report  • Spain's BBVA registers 2.8 bln-euro profits up to September  • Spanish stock market rises 0.26 pct, closes at 9,197 points  
You are here: 　 Home

Turkey to boost foreign investment with new incentives

Xinhua, October 28, 2016 Adjust font size:

Turkish Prime Minister Binali Yildirim on Thursday vowed to lure more global investment by eliminating obstacle that foreign entrepreneurs have been facing.

"The Turkish government would provide all the opportunities to the global investors without any discrimination against anyone who invests in Turkey," the premier told a conference on investment in Istanbul.

He said that the government had adopted new incentives for specific investments and privileged regions in the country.

"We also determined privileged sectors and we will offer special incentives," Yildirim said, citing information technology, chemistry and logistics.

Recent developments in Turkey, including a spate of suicide bombing attacks and an ongoing widespread purge in the wake of a failed military coup in July, have been making it harder for the country to woo more foreign investment.

The investors praised as well Turkey's efforts in sustaining its economic growth with structural reforms.

"The Turkish government develops innovative growth policies by forging synergy among fiscal, monetary and structural policies under challenging global economic conditions and political turmoil in neighboring regions," said David Hess, deputy chairman of the United Technologies Corporation.

He noted that the investors were glad to hear the Turkish government's commitment to maintaining a well-functioning free market economy and the rule of law.

The meeting gathered senior managers of companies from 14 countries, including the World Bank Group, Bank of China, Bombardier, BP, Renault, Microsoft, Vodafone and ZTE Corporation. Endit