Advanced capital market must for Turkey's growth

Countries with advanced capital markets have leading financial centers, says head of association

By Tuba Sahin

ISTANBUL (AA) - Capital markets have to be improved for Turkey's sustainable economic growth, the chairman of Turkish Capital Markets Association said on Thursday.

In the second day of a finance forum in Istanbul, Alp Keler said advancement of capital markets will positively contribute to the society, investors, companies and employees.

"The country needs transformation in three main areas -- investment and partnership culture, widening companies' point of view for capital markets and diversify capital market instruments -- to develop its capital market," Keler said.

He added that the financial centers of the countries, who have advanced capital markets, are on the top levels.

"This is a must for Istanbul Finance Center," Keler noted.

Istanbul Finance Summit has been held under the theme of Financial Metamorphosis and Back to the Future on Oct. 9-10.

Officials, economists, businesspeople, and academics are giving speeches in 19 sessions during the tenth edition of the summit.

Last year, the summit hosted nearly 800 participants and 41 speakers from 23 countries.

Kaynak:

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