Mike Davey, EBRD Director for Turkey answered the questions of Artunç Kocabalkan, Chairman of İstanbul Financial Center Initiative. Davey said that the Turkish economy is very important for EBRD and Turkish economy's outlook is in great shape with its large young population and strategic location. Davey stated that if the doing business conditions are improved Turkey is poised attract more foreign direct investment than it already attracts. "İstanbul is the most dynamic city in the region so it is obviously a regional center" said Davey. Davey also emphasized the potential of Turkey as an international financial center.