Turkey a model in many respects: EBRD head

The head of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, has stated that Turkey has a well-managed economy and public service sector.

Turkey a model in many respects: EBRD head

World Bulletin/News Desk

The head of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, has stated that Turkey has a well-managed economy and public service sector, adding that Turkey could serve as a model in many respects.

“When taking into consideration our 1 billion euros of investment in Turkey -- and we are expecting to invest the same amount or even more in Turkey this year, too -- Turkey is our second-largest market after Russia,” said Chakrabarti at a recent press conference held in London.

Chakrabarti also added that İstanbul has the opportunity to become a center of finance but added that this opportunity depends on the development of the stock market in İstanbul.

“Turkey has an important part in the EBRD's history. Turkey was a member of the EBRD four years ago. We have offices in Ankara and İstanbul and we are trying to invest in the regions in Turkey that are facing the most economic challenge,” said Chakrabarti.

Chakrabarti said Turkey was getting attention from investors seeking opportunities outside Europe because of its strong private sector. “Last year, Turkey overtook Ukraine in the ranking [of foreign direct investment],” said Chakrabarti.

When asked by reporters whether he expects a slowdown in the growth of the Turkish economy, Chakrabarti replied that he does not have any concern in that area.

“In the long term, the Turkish economy will be in a good position,” said Chakrabarti.

Last Mod: 10 Mayıs 2013, 11:11
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