İstanbul, with its history dating back to thousands of years, a unique cultural heritage and diversity, was pronounced a “European Capital of Culture” by the European Union Council in 2010. Today, the city prepares to assume new titles as a regional, and then a global financial center. Having been an international commercial center and Turkey’s financial center for centuries, İstanbul is a strong nominee for such titles thanks to Turkey’s strong economic growth potential, geopolitical location and political stability.
İstanbul International Financial Center Project, prepared within this scope, was included in the Ninth Development Plan covering the 2007-2013 period, and became effective in accordance with the Medium Term Program covering the 2010-2012 period. The Strategy and Action Plan regarding the Project includes the following headings: improving the judicial system; diversifying financial products and services; creating a simple and efficient taxation system; improving the regulatory and supervisory framework; improving the physical and technological infrastructure; establishing the IFC organization structure; improving the human resources; promoting the IFC Project and building its image; and monitoring the strategy and action plan. Turkish government accepts IFC as a key project in reaching its 2023 targets, and having established a significant initiative, the Project is in progress with wide participation.
İstanbul Financial Center project is of great significance for the Turkish economy in reaching its strategic targets. Realizing the project with a sound infrastructure within the shortest time possible, and making İstanbul the undisputable hub of the region as well as a leading actor of the financial network depends on the support of all stakeholders, particularly the financial sector.
As part of the efforts within this framework, Borsa İstanbul, the pillar of İstanbul Financial Center Project, plans to hold a series of events in various countries on a regular basis. The forums target participation by top executives from a wide range of organizations including the government, the private sector, international financial institutions, large investment companies, think- tanks, non-governmental organizations, and local/international media companies, and are aimed at contributing to the realization of the project by displaying the opportunities and competitive advantage offered by Turkey.