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EBRD to allocate 1.5 bln euros for energy investments
Davey was speaking at the Canada-Turkey Energy and Environment Business Forum, jointly organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) and the Canadian Embassy in İstanbul yesterday. He said the EBRD did a better job last year compared to commercial banks despite the global financial crisis. The bank plans to invest at least 8 to 9 billion euros each year, Davey stated, adding that the EBRD is looking to increase the amount of support it provides those investing in Turkey with a future plan of opening more offices in the country in line with the enlargement of the portfolio of investment projects. The bank opened its first and only office in Turkey so far in October 2008.
Davey also said the EBRD’s decision to come to Turkey was of great importance. “We have plans to invest in energy. Turkey is a country with a need for energy. Great investments are taking place in Turkish industrial infrastructure. A favorable environment of investment has been created in Turkey over the past 10 years. Family businesses are gradually becoming more transparent. As such, Turkey is attracting more foreign investments compared to the past. Foreign investors have confidence in the Turkish market. Next year, Turkey will see almost all of its energy production being done by the private sector. We have allocated 25 to 30 percent of our investments to energy and renewable energy. We are trying to extend support to wind turbines and natural gas turbines. Giant investors may want to come to Turkey for investments in the natural gas turbines field,” Davey said, adding that the Turkish market offers important opportunities to investors.
Canadian Ambassador to Turkey Mark Bailey noted that commercial relations between the two countries would gain momentum in the coming period, adding that Turkey has a significant share in Canada’s exports, larger than several countries.
TUSKON head Rızanur Meral also said Turkey is located in the center of a region rich in energy.
Turkish, American businessmen meet in LA
Turkish and American entrepreneurs came together on Monday at a reception organized by the California Turkish American Chamber of Commerce (CATA-Chamber) in Los Angeles.
Guests at the event included Turkish Consul General in Los Angeles Hakan Rıza Tekin; Newport Beach Mayor Keith Curry; the Turkish Confederation of Businessmen and Industrialists’ (TUSKON) representative in Washington, Hakan Taşçı; and Mardin Governor Hasan Duruer. Speaking at the event, Tekin called on both Turkish and American businessmen to reap the benefits from the wide range of opportunities that exist in both countries. Investing in Turkey will help American businessmen expand into wider markets, he said. İstanbul Today’s Zaman
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