Investments increase in eastern Turkey with settlement process

Economy Minister Zafer Caglayan briefed the reporters on the progress in investment incentives. A total of 3,058 incentive certificates worth $46.2 billion were issued in the first seven months of this year, creating 107,500 potential jobs. With the positive effects of the settlement process, the 6th incentive region covering the eastern provinces witnessed the highest increase in investments - more than 250 percent. While the expected fixed investment amount increased by 81 percent compared to last year, the expected employment increased by 55 percent. "The expected amount of fixed investments increased by 251 percent in the first seven months of this year, from TL 1.6 billion to TL 5.5 billion, while the expected number of new jobs increased to 16,438 from 9,190," Caglayan said, underlining that the new incentive system promotes production and employment and helps improve the income gap. Caglayan added that the incentives play a role in Turkey's growth, lessening the current account deficit and solving the issue of unemployment.