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Italy top foreign investor in Turkey in 2020

Italy supports Turkey on several issues while other European states, especially France, have notable disagreements with Turkey.

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Italian Prime Minister Italy Giuseppe Conte (L) speaks past Turkish President Recep Tayyip Erdogan as they give a press conference following their meeting at the Presidential Complex in Ankara, Turkey, on Jan. 13, 2020. — ADEM ALTAN/AFP via Getty Images

Italy invested more in Turkey than any other country last year, as Rome has proven to be a close ally of Ankara amid disputes with other European states.

Turkey received $4.6 billion in direct foreign investment from January to November in 2020. Of that figure, Italy provided the most investment with $970 million, followed by the United States with $769 million, the state-run Anadolu Agency reported on Thursday.

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