Flow from Asia booms

ANKARA - Anatolia News Agency

The flow of capital cash into Turkey from Asian countries rose by 161 percent year-on-year between January and August in 2012, according to data by the Ministry of Economy. However, the increase failed to offset losses from the West.

Capital in cash from European Union (EU) countries to Turkey dropped by 39.2 percent in the mentioned period.

Capital in cash under the foreign direct investment into Turkey was $7.7 billion in the first eight months of 2012. The figure was $10.9 billion in the same period of 2011.

The flow of capital in cash from Asian countries to Turkey, meanwhile, increased by 161 percent between January and August 2012 to reach $1.05 billion. The figure was $405 million in the same period last year.