Turkish finance minister says major inflow of FDIs into Turkey expected

DAVOS (A.A) - 29.01.2011 - Turkey's finance minister has said international economic circles expected a major inflow of foreign direct investments into Turkey.
"My impression from the Davos Forum is that a substantial amount of foreign direct investment inflow to Turkey is expected. There are very positive expectations about the Turkish economy and our economic policy is closely monitored," Mehmet Simsek told Anadolu Agency in Davos, Switzerland.     
Contrary to a general tendency abroad against a background of soaring inflation, Simsek said Turkey had opted to cut interest rates while raising required reserve ratios. 
Simsek said the government targeted a sustainable economic growth rate in 2011, adding that they would not seek any revenue-boosting measures this year in their financial policy decisions.
"We want to make progress in reigning in the current accounts deficit this year," he said.