Turks invested abroad 25 bln USD in 10 years, report

25 April, 13:08

    (ANSAmed) - ISTANBUL, APRIL 25 - Turkish businessmen have invested the highest amount of money in the Netherlands during the first 10 years of the new millennium, according to a report derived from official data by the Confederation of Businessmen and Industrialists of Turkey (TUSKON). Investments in the Netherlands, as daily Hurriyet reports, totaled about 20% of the more than 25 billion USD Turkish investments made abroad. The Netherlands has been famous for its openness to foreign investments and standing as one of only four eurozone countries to still retain its AAA status among the three main credit rating agencies. Yet the country may not keep its position as the top foreign nation for Turkish investments much longer, considering the recent resignation of the Dutch government on April 22 due to disputes over austerity measures with its far-right parliamentary partnership. President Abdullah Gul paid a three-day state visit to the Netherlands last week with some 100 businessmen, which may offset any economic instability that may stem from future potential political uncertainty in the country. A total of 3,641 business professionals have started businesses overseas, with some 165 Turkish business professionals have invested 5.3 billion USD between 2000 and 2010. (ANSAmed).

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