Turkey’s Central Bank is on the move

Prime Minister Recep Tayip Erdogan, announcing that public banks of an international scale with headquarters in Ankara, such as Turkey’s Central Bank, are currently in preparation to relocate to Istanbul, stated; “when this moving process is completed, Istanbul will be of the level to compete with the globe’s most significant financial cities.”

Erdogan made a speech for the opening of the “Turkey-World Trade Bridge 2009” conference held at the Halic Congress and Culture Center and organized by the Turkish Businessmen and Industrialists Confederation (TUSKON). During his opening address, Erdogan stated; “Welcome to Istanbul, Turkey’s historical city, where civilizations meet.”  As Erdogan ushered in the opening of the summit, which has brought together a number of high-level authorities and representatives from a variety of nations, and offered his hopes for a successful and prosperous meeting, he also noted that over the next three days almost 2,000 importing companies from approximately 150 countries will have the opportunity to meet with 3,000 national companies in Istanbul.

 ISTANBUL IS BECOMING A FINANCIAL CENTER

Prime Minister Erdogan, emphasizing that Istanbul was well on the way to becoming one of the world’s important meeting points in terms of global economy, also noted that historically Istanbul had always been a stopping point for commerce with traders coming from a wide array of regions to meet in Istanbul.  Erdogan went on to state that as Istanbul continues to keep up with the globalization era, it still has the potential to be a global commerce and financial center and he expressed that the groundwork is being made to establish Istanbul as a financial center comparative to New York or London.