Ali Babacan
Ali Babacan
Ali Babacanis a Turkish politician. He is member of the parliament and former Deputy Prime Minister of Turkey responsible for the Economy. He fırst served as the Minister of State in charge of economic affairs in the 58th cabinet from the Justice and Development Party. He retained this position throughout the 58th and 59th Governments of the Republic of Turkey. On August 29, 2007, he was appointed as the Minister of Foreign Affairs of the 60th Government of the Republic...
NationalityTurkish
ProfessionPolitician
Date of Birth4 April 1967
CountryTurkey
When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for Iran to take that money as dollars into its own country due to international restrictions, the U.S.A.s sanctions. Therefore, when Iran cannot take this money back as currency, they withdraw Turkish lira and buy gold from our market.
Turkey is going through an incredible economic, political and social transformation. What is most important is that Turkey has been the owner of this transformation. Ownership has been the key to success.
Turkeys energy bill due to imports will fall with the increase in use of renewable energy sources. We have no control over the prices of petroleum and natural gas.
Turkey is widely envied while there are very serious troubles in the world economy.
Turkey's economy is powerful enough to tackle tough times.
as the country's accession process progresses, it will be closer to modern standards.
Turkey is on a road that will lead much faster to its becoming a country suiting its potential and riches.
Turkey does not need 8-10 years to conclude negotiations, particularly close technical matters.
Turkey does not have an official exchange rate target.
Those looking from Europe see Turkey as an economic success, whereas others from the Middle East see Turkey as a democratic success.
Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey.
It is unfair to ask Turkey to make a unilateral concession to take goods from Cyprus within the customs union when the E.U. is not open to northern Cyprus.
Turkey shares Europe's fundamental values of democracy and the rule of law.
Openly speaking, the only formula that will save Greece's future is more trade with Turkey and more investment with Turkey.