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Turkish economy's energy attract foreign investment

By Zhang Zhao | China Daily | Updated: 2016-09-05 08:27

After the 2001 financial crisis, the Turkish economy grew steadily thanks to a series of important structural reforms that have led to an improved financial system. Turkey "has been affected relatively less by the global crisis", according to a recent report by the Investment Support and Promotion Agency of Turkey.

By the end of 2015, Turkey ranked 17th in the world in terms of GDP purchasing power parity, with a 4.4 percent average growth rate between 2010 and 2015, the report said.

The report went on to say that Turkey's opportunities are closely related to its assets, such as a robust economy; a favorable geographical location with access to a large market, including the European Union and countries with which Turkey has free trade agreements; a skilled labor force; a liberal investment climate; and incentives for employment generation in manufacturing, research and development.

Turkish economy's energy attract foreign investment

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