European Bank Reconstruction and Development invests 1 billion euros in Turkey
European Bank Reconstruction and Development invests 1 billion euros in Turkey. Arvid Tuerkner, “In 2018, our bank invested 1 billion euros in 34 projects in Turkey. In 2019, our investments will also amount to at least a billion, ”said.
The CEO emphasized that despite certain turbulence in the economy and the fall in the value of the Turkish lira in August last year, the EBRD sees in Turkey a strong foundation for the creation of new projects.
“The geopolitical location of Turkey is very convenient from the point of view of trade. In addition, there is a more developed tourist destination in Turkey, which makes the country more attractive for investment, ”says. European Bank for Reconstruction and Development Investment mechanism, established in 1991 by 40 countries and two international organizations to support a market economy and democracy in 34 countries – from Central Europe to Central Asia.