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    Investors Fleeing Russia to Turkey

    Hürriyet Haber
    11.02.2005 - 11:10 | Son Güncelleme:

    The Eastern Europe Fund (EEF), which already makes one fifth of its investments in Turkish shares, was reported by the Financial Times (FT) as putting further investments in Turkey. The FT reported that the Eastern Europe Fund (EEF) worth 100 million Sterling started curbing it's investments in Russia and increasing it's investments in Turkey. Turkey already holds an investment worth 20 percent of the EEF.

    John Paul Smith, one of the officials of the Fund, praised Turkey for producing impressive inflation figures and a fall in interest rates. According to the Financial Times, in a change of roles, Turkey will replace Russia as the number-one target for the EFF.

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