The vice-president of the European Investment Bank said on Thursday that the bank was planning to provide 2 billion Euro of finance to Turkey in 2012.***
ISTANBUL
The vice-president of the European Investment Bank said on Thursday that the bank was planning to provide 2 billion Euro of finance to Turkey in 2012.
Matthias Kollatz-Ahnen said the bank thought of extending one-fourth of the 2 billion Euro finance to energy projects in Turkey.
The bank was providing approximately 2 billion Euro finance to Turkey every year, and it mainly focused on supporting small municipalities and small and medium scale enterprises, and backing regions where mainly income per capita was low, Kollatz-Ahnen told a press conference in Istanbul.
Kollatz-Ahnen said the bank aimed to develop infrastructure and new entrepreneurship capital in Turkey in the future, and Turkey had a robust rehabilitation after economic crisis.
The vice president said the bank expected the small growth pace in the world also to affect Turkey, however, it would work to maintain rapid development potential in Turkey.
Kollatz-Ahnen said Turkey was not under a recession threat, however it would not be a record growth year since there was stagnation in the world.
The vice president also said current initiatives could only help raise domestic growth potential.