Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
BBVA Chairman: Turkey highly attractive for foreign investments 
29.11.2012

Milliyet – Turkey’s appeal for foreign investments is highlighted once again by one of the biggest foreign investors that the emerging country has seen in recent years. Francisco Gonzalez , Head of the Banco Bilbao Vizcaya Argentaria SA (BBVA), 24.9 percent owner of Turkey’s largest bank Garanti, said that the country was a very attractive destination for foreign investors with its successful economy and huge market, thanks to its remarkable economic and institutional achievements over the last decade.


Speaking at an event organized in Madrid for the visit of Turkey’s Prime Minister, Recep Tayyip Erdogan, Gonzales said that Turkey and Spain had a bright future ahead of them as they were having a significant growth potential . “Turkey is a great economy with a capacity to attract substantial foreign direct investment and a very attractive market for exports," he said at the “Spanish-Turkish meeting on Investments and Opportunities in Turkey” event organized by Turkey’s Ministry of Economy, the Investment Support and Promotion Agency of Turkey (ISPAT), the Turkish Embassy in Madrid, the Spanish Confederation of Business Organizations (CEOE) and BBVA.


BBVA acquired 24.9 percent of Garanti Bank stakes in 2011 for over EUR 4 billion, becoming the biggest Spanish investor in Turkey. A country with one of the youngest populations in Europe with a growing economy, Turkey’s banking industry continued its growth even during the global financial crisis. Fitch Ratings recently raised the country’s credit rating to investment grade.

26.02.2015 Samsung launches R&D center in Turkey
24.02.2015 Fraunhofer IML to cooperate with Istanbul University
23.02.2015 Abraaj Capital invests in Turkish e-tailer
20.02.2015 Turkish Cargo commissions new terminal
16.02.2015 Istanbul to take center stage at MIPIM 2015
11.02.2015 Turkish-Italian JV Tofas to invest EUR 600 million in 2015
09.02.2015 Armacell acquires Turkish producer, aims for the regional markets
05.02.2015 Chinese companies invest in Turkish electric utilities
02.02.2015 ISPAT & WAIPA President Ayci awarded ‘Public Executive of the Year’
02.02.2015 Turkey’s annual tourism revenue up 6.2 percent
<<
1 2 3 4 5 6 7 8 9 10
>>