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Turkey succeeds over reaching pre-crisis levels

02 July 2012 17:37 (Last updated 02 July 2012 17:38)

Turkish Minister of Finance Mehmet Simsek said Turkey retrieved and succeed over reaching the pre-crisis levels.


Speaking at an AA Editor's Desk on Monday, Minister Simsek said that it is important to deepen capital market in order to help firms to grow stronger. He stressed that firms should reinforce their capital and cooperate with other firms rather than becoming larger by bank loans.
Upon a question regarding to the foreign investor funds' opening offices in Turkey, Simsek said that they were leading the way for international firms to bring foreign funds to manage it in Turkey. 
Simsek also highlighted that they were working hard over turning Istanbul into an important fund management centre like Luxembourg, London, New York and Hong Kong.