A record 7,3 million tourists visited Turkey in July

Investors believe that the local economy is recovering on the wings of the restrictive monetary policy of Finance Minister Mehmed Šimšek.

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Bodrum, Photo: Shutterstock
Bodrum, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

7,3 million tourists visited Turkey in July, which is 2,6 percent more than in the same period last year and represents a record number of visitors on a monthly basis, the Ministry of Culture and Tourism of that country announced.

In July, the number of tourists from Germany increased by ten percent year-on-year to more than one million, as did the number of visitors from Great Britain by 15 percent to 660 thousand, Poland by 17 percent to 319 thousand, and Iran by 25 percent to 312 thousand.

If we analyze the data for the period from January to July, the number of tourists who visited Turkey increased by 8,3 percent year-on-year to 28,9 million, reports Capital.ba.

Blumberg recently reported that Turkey is once again an interesting destination for foreign investors, stating that since May of last year they have invested more than 30 billion dollars in that country.

Investors believe that the local economy is recovering on the wings of the restrictive monetary policy of Finance Minister Mehmed Šimšek.

Foreign ownership of Turkish stocks and bonds is now at its highest level in five years, and investors see the Turkish economy as increasingly stable.

Turkey's central bank announced in July that it was returning a $5 billion deposit from Saudi Arabia, signaling to analysts that Ankara is confident in its ability to rebuild foreign exchange reserves.

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