Lion's share of investment incentives went to developed provinces
Since the introduction of the new incentive system, the share of the total 1.2 trillion liras of investments in underdeveloped regions has remained quite low.
Since the incentive system was renewed in June of last year, a total of 1.2 trillion liras worth of investment certificates have been issued nationwide, while only 13.5% of this resource was directed to provinces in the underdeveloped 5th and 6th regions.
Purpose and Foundations of the Incentive System
The new incentive system, implemented to eliminate developmental disparities between regions in Turkey, reduce unemployment, and close the foreign trade deficit in the field of technology, was built upon three main foundations.
Investment Data and Declines
While an investment of 441 billion liras with 4,378 certificates was projected in the January-July period of last year, the number of certificates decreased by 33.2% in the same period this year to 2,890, and the total projected investment rose to 522 billion liras.
Share of Developed Regions
The majority of the 1 trillion 205 billion liras of investment indicated by the 5,651 incentive certificates issued within one year under the new incentive system was concentrated in the most developed 1st and 2nd regions.