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Iranians Play Major Role in Turkey's Thriving Economy

Service : Economy
TEHRAN, June 20 (ICANA) – A recent report published by Turkey underlined that Iranian investors and corporations have contributed a major role in Turkey's flourishing economy in recent months.
Monday, June 20, 2011 10:21:25 PM
Iranians Play Major Role in Turkey's Thriving Economy

The report said a total of 1,401 companies were established in Turkey with the help of foreign investors, 259 of which have been established by Iranian investors.

German investors participated in setting up159 companies in Turkey, while Azeri investors helped with the establishment of 86 companies and Russians cooperated in setting up 52 Turkey-based corporations.

Foreign investors participated in establishment of a total of 88.27 percent of the capital invested in the newly-established companies in Turkey.

Iran and Turkey have in recent years increased their cooperation in all the various fields of economy, security, trade, education, energy and culture.

The two sides have exchanged several politico-economic delegations during the last few months.

Iranian Economy Minister Seyed Shamseddin Hosseini announced in April that Turkey had replaced Britain as Tehran's fourth trade partner.

"We are very pleased that Turkey has replaced Britain as Iran's fourth economic partner," Hosseini said in a meeting with Turkish State Minister Hayati Yazichi at the time.

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