Advanced capital market must for Turkey's growth

ISTANBUL

Capital markets have to be improved for Turkey's sustainable economic growth, the chairman of Turkish Capital Markets Association said on Thursday.

In the second day of a finance forum in Istanbul, Alp Keler said advancement of capital markets will positively contribute to the society, investors, companies and employees.

"The country needs transformation in three main areas -- investment and partnership culture, widening companies' point of view for capital markets and diversify capital market instruments -- to develop its capital market," Keler said.

He added that the financial centers of the countries, who have advanced capital markets, are on the top levels.

"This is a must for Istanbul Finance Center," Keler noted.

Istanbul Finance Summit has been held under the theme of Financial Metamorphosis and Back to the Future on Oct. 9-10.

Officials, economists, businesspeople, and academics are giving speeches in 19 sessions during the tenth edition of the summit.

Last year, the summit hosted nearly 800 participants and 41 speakers from 23 countries.