Turkey's current account deficit decreases by over third

Azerbaijan, Baku, July 11 /Trend A.Taghiyeva / The current account deficit of Turkey decreased by $10 billion in January-May 2012 compared to the same period in 2011, amounting to $27 billion, the Central Bank of Turkey said on Wednesday. This means the foreign trade deficit for the period decreased by $8.3 billion, amounting to $28 billion. Revenue from tourism in Turkey decreased by $341 million in January-May 2012 compared to the same period in 2011, amounting to $5.9 billion. The tourism expenditure for that period decreased by $554 million, amounting to $1.5 million. The country's income from investments (direct, portfolio and other) increased by $879 million compared to January-May 2011, reaching $4.5 billion. Investments of non-residents in the economy in January-May increased by $750 million, amounting to $3.2 billion. Do you have any feedback? Contact our journalist at agency@trend.az