Reuters quoted one of the participants in a meeting organized by Deutsche Bank – in London yesterday, Thursday – as saying that investors informed Turkish Minister of Treasury and Finance Mehmet Simsek that his country occupies a prominent position in emerging markets.
He added that Simsek talked about what the Turkish economy has achieved over the past 12 years, and the steps that will be taken next year and in the long term.
Investors who attended the meeting were quoted as saying that “Turkey has emerged positively among emerging markets” after a change in economic policies over the past year.
The meeting was attended by more than 150 investors with capital amounting to 50 trillion euros, according to information provided by participants.
Simcek said – during an event in London organized by the Chatham House Research Center yesterday, Thursday – that inflation in his country is about to decline sharply, and he expects it to slow to approximately 15% next year, which will contribute to attracting more international investments.
Consumer price inflation rose at an annual rate of 75.45% last May, but comprehensive changes in previous economic policies last year during Simsek’s tenure raised hope that the continuous price increases could be stopped.
The Finance Minister said that international investors will begin to be interested in Turkey in the long term after they have already begun returning to the short-term bond markets issued by the country.
