AK Party Vice-Chairman Egemen Bagis said that there is a global crisis scare in the world but on the same respect, the Turkish economy is powerful. In his speech at the opening ceremony of "Realist Expo" Real Estate and Investment Consultancy Fair at Istanbul, Egemen Bagis explained that Turkey is no longer the 30th largest economy in the world as it was in 2002, but rather now is one of the biggest economies ranking 17th in the world and 6th in Europe.
Bagis noted: "Fortunately for the first time, Turkey joined the G-20 Summit. They appealed Turkey's opinions on how to solve the global economic problems of world. At the same time, Turkey is a member of United Nations Security Council. Turkey is a country which continues the negotiations with EU. Compared to before, Turkey is a powerful country in every respect. Such fairs are very important by the time someone act as a doomsayer. There's an afraid of global crisis in the world. There's a war in our neighbor. In the region, there are some serious discontents but luckily Turkish economy is powerful."
Egemen Bagis, who determined that Turkish banks were not a lot affected by the global crisis due to the arrangements in banking sector after the crisis in 2001, continued to note: "Our banks were not a lot affected by the global crisis. Due to the precautions after 2001 crisis, Turkish banks did not invest in the real-estate funds which were seen affective by the whole world. Instead of that we invested in our own estates. All together, we contended to improve the value of our country both by contributions of TOKİ, and by the contributions of institutions belonging to the municipals such as KİPTAŞ, and by the contributions of the private sector companies that are represented today in the fair."
Following his speech, AK Parti Vice-Chairman Egemen Bagis and Istanbul Chamber of Commerce President Muharrem Keceli cut the opening ribbon together. After the opening ceremony, Egemen Bagis gave his best wishes to the vendors by visiting the stands.