Minister of Industry and Technology Mustafa Varank unveiled incentive certificates’ data for November and the January-November period of 2020.
Accordingly, 1009 incentive certificates were issued in November 2020, paving the way for the investments of TRY 25.3 billion and the employment of 33 thousand 903 people.
The data revealed that 57 percent of the investments to be made within the scope of incentive certificates issued in November were in the manufacturing sector, while 24 percent in services, 11 percent in energy, 6 percent in mining and the remaining 2 percent in agriculture.
“In the January-November 2020 period, investment demand was 30 percent higher than the same period of the last year. With a reformist perspective, we will make Turkey the winner of the post-pandemic period,” Minister Varank added.
Source: Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.