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.

02.07.2015 Greiner aims at regional markets with Turkey acquisitions
30.06.2015 Turkey’s e-commerce sector posts 35 percent growth
26.06.2015 Sumitomo plant in Turkey reaches operational stage
25.06.2015 Asian hoteliers line up for investments in Turkey
25.06.2015 Turkey attracts USD 12.5 billion in FDI, emerges as top recipient in West Asia
23.06.2015 Property purchases by foreign buyers hit historic high
22.06.2015 Turkish plant crucial to Fiat’s comeback in the compact class
19.06.2015 Turkish Airlines wins ‘Best Airline in Europe’ award for the fifth time
18.06.2015 ISPAT reelected to lead WAIPA
15.06.2015 Turkey’s first airport on an island lures Gulf investors
<<
1 2 3 4 5 6 7 8 9 10
>>