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Istanbul Finance Summit starts

28 September 2010 16:13 (UTC +04:00)

According to APA-Economics, leaders of the North American, European, East Asian and Gulf financial institutions and organizations gathered in Istanbul. More 50 reports from 18 countries will be listened.

According to IFS’ chairman Murat Yulek it is important to be created and extended economic relations from micro level, integration of financial systems of countries in accordance to results of the crisis. Besides, it was created an importance of unification of anti inflation, money-loan and macro economy by the states.

Rector of Bahchesheher University Yelmaz Esmer noted that the crisis supported several political processes and influenced to political tension over the world.

Istanbul Municipality Head Kadir Topbash spoke about the economy of city. One of the purposes of leadership of the country is to change Istanbul to the one of the World Financial Centers. According to him $22 bn was invested in Istanbul economy.

Turkish State Minister Jevdet Yilmaz informed that world crisis started from US economy in 2007-2008. The main negative impact was that it was impossible prevent of it.

The annual summit was organized by PGlobal, Yedi24 Group of Companies and Germanyâ€™s Financial Gates GmbH at the Bahceseher University.

Panel sessions about the normalization of situation in financial sector after the global crisis, financing of trade and insuring of export loans, Islamic finance, Islamic banking and investment markets, financing of energy and local projects, private investments, investment markets and alternative financial resources and other themes are planned to be held.

Azerbaijanâ€™s APA news agency is IFS 2010â€™s official media partner.