Members of Turkey’s International Investors Association (YASED) have announced their plans to invest $7.1 billion in Turkey over the next six months, according to Chairman Engin Aksoy. While there is interest from other international companies, they have been deterred by the lack of macroeconomic stability and regulatory predictability in the country.
Aksoy highlighted the challenges posed by spiraling inflation and a volatile currency, which have further dampened investor sentiment towards Turkey. These factors, along with the uncertain regulatory environment, have made it difficult for international companies to commit to long-term investments in the country.
Despite these obstacles, YASED remains optimistic about the future of investments in Turkey. They are hopeful that the government will take measures to address the issues of macroeconomic stability and regulatory unpredictability, thus providing a more conducive environment for international investors.
This news comes amidst ongoing efforts by the Turkish government to attract foreign direct investment and stimulate economic growth. It is crucial for Turkey to address the concerns raised by YASED and other potential investors in order to regain confidence and attract significant investments.
In conclusion, YASED members have expressed their intention to invest $7.1 billion in Turkey over the next six months. However, they have noted that macroeconomic stability and regulatory unpredictability are major deterrents for international companies. The Turkish government needs to address these concerns in order to attract more foreign direct investment and promote economic growth in the country.
