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Turkey's full potential yet to unfold
Economics

Turkey's full potential yet to unfold

28.03.2012 From our online archive
Fostering business relations between Luxembourg and Turkey should start with a thorough promotion of the Luxembourg financial centre in Turkey.

Jakub Adamowicz

Fostering business relations between Luxembourg and Turkey should start with a thorough promotion of the Luxembourg financial centre in Turkey.

This was the view of panelists attending the first Luxembourg Turkey Business Club (LTBC) event held on Tuesday at Cercle Munster. While Turkey's economic boom is already bearing fruits, its full potential is yet to materialise, they said. In the following years, the numbers of dollar-millionaires in the country is set to increase considerably, thus opening up new opportunities for Luxembourg investors and for wealth managers based in the Grand-Duchy.

Other topics of discussion at the inaugural event included a possible air link between Luxembourg and Istanbul as well as the development of real estate in big Turkish cities. Luxemburger Wort was the media partner of the event.