Arda Ermut

The Istanbul Finance Center (IFC) is an important project for the Turkish economy that will allow international funds to flow into the country, Environment, Urbanization and Climate Change Minister Murat Kurum has stated.

"The Istanbul Finance Center project will have a very important place in the future of the Turkish economy," Kurum said at a news conference at the IFC.

Arda Ermut has been appointed as the new general manager of the Turkey Wealth Fund (TWF) after Zafer Sönmez was dismissed, according to the Official Gazette early on March 9.

Turkey's presidential investment office has named Burak Dağlıoğlu as its new head, according to the official gazette on Feb. 7.

Dağlıoğlu, 35, served at the investment office for 10 years and also was vice president since July 2018.

Turkey's share in global foreign direct investments (FDI) can double in the long term with the help of its geographical location, young population and economic dynamics, the head of Turkey's Investment Office said on Jan. 29.

Nine out of every 10 Italian companies are pleased to invest in Turkey, according to a Rome-based institution's research.

Turkey attracted $2.2 billion in investments in the first quarter of 2018, Arda Ermut, the president of Turkey's Investment Support and Promotion Agency (ISPAT), said on June 7. 

Hamburger Containerboard, which is a part of Austrian company Prinzhorn Holding, will establish a paper mill in the western Turkish province of Kütahya in an investment worth 300 million euros, Turkey's investment agency announced on Sept. 13. 

The factory is slated to be completed in 2020 and create 500 new jobs, read the statement, Reuters reported.

Turkey's President Recep Tayyip Erdoğan encouraged approximately 40 international investors he met during his visit to the U.S. on May 15 and 16 to intensify investments in Turkey, a written statement from the meeting's coordinator, the Investment Support and Promotion Agency of Turkey (ISPAT), said on May 17.      

Foreign direct investment (FDI) to Turkey rose 32 percent last year on the previous year to $16.6 billion, the largest sum since the 2008 financial crisis, according to the Investment Support and Promotion Agency. 

After months of a decline amid elections, security concerns and a slow recovery in Europe and the U.S., officials from the Turkish Prime Ministry Investment Agency have expressed hope about a rise in investments in 2016.