Government plans to make Istanbul an international finance hub
Thursday, October 22, 2009
The international community has full confidence in Turkey's economic policies and investors interest in Turkey is rising, said the country’s Deputy Prime Minister and Economy Minister Ali Babacan.
According to Hurriyet Daily News reports, the Deputy Prime Minister said that Istanbul hosted all the prominent actors of the global economy, these meetings can also be considered as the world's largest fair of finance and economy." He also noted that Turkish economic officials had the chance to meet executives of international rating agencies and informed them about Turkey's strong economic structure and its good macroeconomic performance in recent years. Turkish real estate owners have been boosted by the news that government to announce an action plan to make Istanbul an international finance hub.
Robert Hormats, Undersecretary for Economic, Energy and Agricultural Affairs at the US Department of State, said that his country is impressed with Turkey's economic achievements. Mr. Hormats said Turkey is an important economic partner of the United States in addition to the long-standing strategic alliance and he added that one of the reasons for their visit to Turkey is to increase trade and investments between the two countries, and that the United States sees Turkey as a strong economic partner, rather than just a security or strategic partner.
Buying property in Turkey could be a lucrative move as Turkey's Privatization Administration signals that the country will see a rapid privatization process in the upcoming period. As the Turkish economy bounces back, Financial analysts said that the growth next year have altered their figures to reflect a more positive outcome than originally thought. As the country continues to pull through the recession, analysts have expanded their projections for the gross domestic product of the country and Turkey could pass through real estate boom next year that haven't seen in generations."
In related news, Rudi Thomaes, President of the Federation of Belgian Enterprises, said, "We should talk about Turkey instead of China because Turkey is among 11 countries that have a bright future." He added that, as Belgian businessmen, they have also witnessed positive improvements in Turkey.
Social BookmarkingAccording to Hurriyet Daily News reports, the Deputy Prime Minister said that Istanbul hosted all the prominent actors of the global economy, these meetings can also be considered as the world's largest fair of finance and economy." He also noted that Turkish economic officials had the chance to meet executives of international rating agencies and informed them about Turkey's strong economic structure and its good macroeconomic performance in recent years. Turkish real estate owners have been boosted by the news that government to announce an action plan to make Istanbul an international finance hub.
Robert Hormats, Undersecretary for Economic, Energy and Agricultural Affairs at the US Department of State, said that his country is impressed with Turkey's economic achievements. Mr. Hormats said Turkey is an important economic partner of the United States in addition to the long-standing strategic alliance and he added that one of the reasons for their visit to Turkey is to increase trade and investments between the two countries, and that the United States sees Turkey as a strong economic partner, rather than just a security or strategic partner.
Buying property in Turkey could be a lucrative move as Turkey's Privatization Administration signals that the country will see a rapid privatization process in the upcoming period. As the Turkish economy bounces back, Financial analysts said that the growth next year have altered their figures to reflect a more positive outcome than originally thought. As the country continues to pull through the recession, analysts have expanded their projections for the gross domestic product of the country and Turkey could pass through real estate boom next year that haven't seen in generations."
In related news, Rudi Thomaes, President of the Federation of Belgian Enterprises, said, "We should talk about Turkey instead of China because Turkey is among 11 countries that have a bright future." He added that, as Belgian businessmen, they have also witnessed positive improvements in Turkey.
Labels: Istanbul, Turkish-property
