03
May
House prices increase by 20% in Istanbul
Prominent financial and economic experts from around the globe met in Istanbul to discuss 'innovative finance.' Turkey's Deputy Minister responsible for the economy Ali Babacan, Turkish Finance Minister Mehmet Simsek, Governor of Turkish Central Bank Erdem Basci and Vice Chairman of the NASDAQ OMX Group, Sandy Meyer Frucher are gathering in Istanbul Monday for the fifth Istanbul Finance Summit (IFS), a two day meeting to discuss innovation. The head of Borsa Istanbul, Ibrahim Turan said in his opening speech, "the issue of the next decade will be funding the investment in developing countries that is over $12.5 trillion. Seven of every ten companies will start up in developing countries until 2025 according to projections."