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Turkey expects FDI in 2020 to hit 13.5 bln euro - report

Turkey expects FDI in 2020 to hit 13.5 bln euro - report xtock/Shutterstock.com

ANKARA (Turkey), January 21 (SeeNews) - Turkey hopes to attract some $15 billion (13.52 billion euro) in foreign direct investment (FDI) in 2020,  finance minister Berat Albayrak said, as quoted by local media.

The Turkish lira should become a competitive currency as regional risks continue, Albayrak told a press meeting in Istanbul, as quoted by Anadolu Agency on Monday.

Inflation will remain the most important anchor for 2020 and onwards, Albayrak was further quoted as saying.

Turkey attracted $7.58 billion in FDI from January through November, data from Turkey's investment office showed. The figure was down 36% compared with the same period in 2018 when the FDI in Turkey came to $11.82 billion,

($ = 0.901526 euro)

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