Along with investment agencies and financial institutions from several countries, Eurobank EFG, one of the leading banking groups in Greece, is planning to increase investment and buy bonds and bills in Turkey.
Representatives of the group held talks with government officials from the Turkish Ministry of Finance and the Treasury recently. During the meeting the group was informed about the impact Turkey’s new fiscal policies on the Turkish economy and what that would mean for their investment. The firm plans to both invest more in Turkey and buy bonds and bills.
Eurobank EFG currently owns 70 percent of Eurobank Tekfen in Turkey. With its total assets amounting to 85.9 billion euros, the group employs more than 23,000 people in 10 countries. Turkey is also very attractive to investors from several international finance institutions. The French Development Agency is currently analyzing the efficiency of the new fiscal policies as it plans to extend loans to various municipalities for infrastructure projects. Sources from the Treasury told Today’s Zaman that international investors are greatly concerned about new fiscal regulations. But many are eventually convinced of their efficiency and are persuaded to invest in the country, the sources added.
