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With a very fast GDP growth (8.3% last year) and relatively low debt (40% vs. GDP), Turkey seems like an ideal country to invest in. The country has a healthy amount of population growth, a relatively young population, abundant and diversified resource r
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Joint investments between Turkey and the Gulf states are crucial as they will benefit all parties concerned, Turkish leaders said yesterday during the Turkey-Gulf Business Council Forum in Istanbul. Turkish Finance Minister Mehmet Şimşek said there were
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From left to right: Martin Wolf, chief economic commentator at the Financial Times, Motohisa Furukawa, Japan's national strategy minister, George Osborne, U.K. chancellor of the exchequer, Donald Tsang, Hong Kong's chief executive, Christine Lagarde, man
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An International Monetary Fund report has recommended to Turkey that it lower its inflation target and said its monetary policy is “overburdened” by different objectives. In an annual assessment of the country’s economic policy, dated Nov. 14 and release
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The Balkans, the Caucasus, the Middle East and North Africa could be integrated to form a single unified economic environment, Turkish Deputy Prime Minister Ali Babacan said yesterday at the World Economic Forum in Davos in a televised interview. The Tur
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ISTANBUL: The Turkish lira and bond yields reversed some of their gains in profit taking on Friday after Deputy Prime Minister Ali Babacan said Turkey may grow less than 4 per cent this year if the situation in Europe worsens. The lira and bonds have tou
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Eric Schmidt, the executive chairman of Google, rejected accusations by Mr Murdoch, the chairman and chief executive of News Corporation, who said that the internet company was a “piracy leader”. Mr Murdoch claimed earlier this month via his Twitter acco
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08:25 More from the Turkish Deputy Prime Minister Ali Babacan's interview - he said it would take years to reach a complete solution to the euro region's structural difficulties. Euro members failed to stick by their own fiscal rules, acted slowly in res
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Turkey will not revise its forecast of 4 percent growth this year, Deputy Prime Minister Ali Babacan said yesterday in Davos, dismissing the International Monetary Fund (IMF) projections that the economy may barely expand. “Every institution has a differ
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It has been over 10 years since I have been attending the World Economic Forum Davos meetings. I am therefore quite accustomed to the extremely active tempo of the World Economic Forum, which starts today and ends Jan. 29. Before the trip to Davos, as I
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Deputy Prime Minister Ali Babacan will speak at five different working groups and record two separate television programs as part of this year’s World Economic Forum in Davos between Jan. 25 and 28, according to reports. Babacan is also scheduled to meet
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Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.” “We have a general morality gap, we are over-leveraged, we
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The Justice and Development Party (AKP) is preparing for its ordinary congress in fall amid inner-party debates over ban on being elected for a fourth term and the presidential elections in 2014. Prime Minister Recep Tayyip Erdoğan may give important clu
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ISTANBUL: Turkey’s economy will grow 4 per cent in 2012, slowing sharply from 8 per cent expected for last year, Deputy Prime Minister Ali Babacan said. The Turkish economy grew by 9.6 per cent in the first nine months of 2011, propelled by roaring domes
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The 17 nations using the euro must cooperate more closely and prevent any country defaulting on its debt as that would jeopardize the region’s healthy economies, Turkish Deputy Prime Minister Ali Babacan said. “No country should be allowed to default bec
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Risks were mounting particularly in Portugal, Italy and France, said Turkey’s Deputy Prime Minister Ali Babacan yesterday, saying economic growth could be around minus 0.3 percent in Europe in 2012, making Turkey’s search for alternative markets like Afr
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Justin Vela in Istanbul January 18, 2012 On January 5, Turkish Deputy Prime Minister Ali Babacan forecasted that the country's economy expanded 7.5% in 2011 and will grow another 4% in 2012, in widely reported comments made to a business delegation in An
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JEDDAH -- The Organization of Islamic Cooperation (OIC) is promoting intra-OIC trade through stimulation of direct foreign investment and industrial growth as part of a policy to curb unemployment in its member countries. OIC Secretary General Ekmeleddin
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Turkish growth may plunge to 0 percent this year, said Merrill Lynch economist Türker Hamzaoğlu in a press meeting yesterday, contesting even cautious remarks by Ali Babacan, deputy prime minister, who recently said this year’s growth target of 4 percent
About Ali Babacan
Wikipedia
Ali Babacan (born 4 April 1967 in Ankara, Turkey) is a Turkish politician. On August 29, 2007, he was named Minister of Foreign Affairs of Turkey in the new cabinet of re-elected Prime Minister Recep Tayyip Erdoğan. Babacan succeeded Abdullah Gül, who became President. He was previously Minister of Economy in the 58th cabinet from the Justice... Full Article
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Turkish Deputy Prime Minister for Economic and Financial Affairs, Ali Babacan (R) gestures next to French Christine Lagarde, Managing Director of International Monetary Fund (IMF) as he talks about ' Global Economic Outlook 2012 ', on January 28, 2012, during the World Economic Forum...
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Turkey's Deputy Prime Minister Ali Babacan, right, shakes hands with Japan's Foreign Minister Koichiro Gemba prior to their meeting in Tokyo, Monday, Dec. 5, 2011.
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Turkish Deputy Prime Minister Ali Babacan (R) is greeted by Japanese Foreign Minister Koichiro Gemba (L) prior to their talks at Gemba's office in Tokyo on December 5, 2011. Ali babacan is on a three-day visit to Japan to attend an economic forum.
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Turkish Deputy Prime Minister Ali Babacan (R) shakes hands with Japanese Foreign Minister Koichiro Gemba (L) prior to their talks at Gemba's office in Tokyo on December 5, 2011. Ali babacan is on a three-day visit to Japan to attend an economic forum.
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US Vice President Joe Biden (C) poses with Turkish Finance Minister Ali Babacan (R) and Rifat Hisarcikli Oglu (L), chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), during the second Global Entrepreneurship Summit in Istanbul on December 3, 2011. The United...
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Reuters Pictures
U.S. Vice President Joe Biden chats with Turkey's Deputy Prime Minister Ali Babacan (R) and Rifat Hisarciklioglu (L), chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), at the Global Entrepreneurship Summit in Istanbul December 3, 2011.
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The head of the International Monetary Fund (IMF) Christine Lagarde and Turkish Deputy Prime Minister for Economic and Financial Affairs Ali Babacan attend a session at the World Economic Forum (WEF) in Davos, January 28, 2012.
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Reuters Pictures
Turkish Deputy Prime Minister for Economic and Financial Affairs Ali Babacan attends a session at the World Economic Forum (WEF) in Davos, January 26, 2012.
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Turkey's deputy prime minister Ali Babacan (R) shakes hands with Turkey's minister of development Cevdet Yilmaz as they attend the G20 development meeting during the annual IMF-World Bank meetings in Washington September 23, 2011.
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Reuters Pictures
Turkey's Deputy Prime Minister Ali Babacan talks to the media following his speech at the G-20 Conference on Commodity Price Volatility in Istanbul September 13, 2011. Turkish Deputy Prime Minister for Economic and Financial Affairs Ali Babacan said on Tuesday that a growth rate of less...
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France's Finance Minister Francois Baroin (R) welcomes Turkish Finance Minister Ali Babacan (L) before a meeting of the G7 Finance ministers and 'Deauville Partnership' in Marseille, southern France, on Septembre 10, 2011.
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World Bank President Robert B. Zoellick (L) and Turkish Deputy Prime Minister Ali Babacan shake hands at a news conference in Ankara on July 20, 2011. Zoellick is at the start of a two-day visit to Turkey.
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Reuters Pictures
U.S. Vice President Joe Biden, accompanied by Turkey's Sports Minister Suat Kilic (2nd L) and Deputy Prime Minister Ali Babacan (2nd R), poses with young entrepreneurs at the Global Entrepreneurship Summit in Istanbul December 3, 2011.
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US Vice President Joe Biden (C), Turkish Finance Minister Ali Babacan (2ndR) and Turkish Sports Minister Suat Kilic (L) pose with entrepreneurs during the second Global Entrepreneurship Summit, on December 3, 2011, in Istanbul.
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Reuters Pictures
Turkey's Economy Minister Ali Babacan (L-R), Prime Minister Tayyip Erdogan, TOBB Chairman Rifat Hisarciklioglu and Kemal Kilicdaroglu, leader of the main opposition Republican People's Party (CHP), stand for the national anthem during the 66th General Assembly of the Union of Chambers and...
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Reuters Pictures
(From L to R ) Turkey's Prime Minister Tayyip Erdogan, main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu, Deputy Prime Minister Ali Babacan and Foreign Minister Ahmet Davutoglu are seen in the background as Turkish honour guard carry the flag-draped coffin of...
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Deputy Prime Minister of Turkey, Ali Babacan (C), Bosnian Muslim member of Bosnia's tripartite Presidency, Bakir Izetbegovic (R) and Haris Silajdzic (L) preside the opening session of the second Sarajevo Business Forum conference in Sarajevo, on April 6, 2011. During the two-day...
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Reuters Pictures
France's Finance Minister Francois Baroin (R) welcomes Turkey's Finance Minister Ali Babacan during the Deauville Partnership Finance Ministers meeting in Marseille, September 10, 2011. G7 finance chiefs meet under heavy pressure to take action over flagging growth in rich nations and...
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AP Photo
French Finance Minister Francois Baroin , right, welcomes Turkish Finance Minister Ali Babacan at the start of the Deauville partnership meeting in Marseille, southern France, Saturday, Sept. 10, 2011. The Deauville Partnership is a multi-billion-dollar program of aid and credit to...
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AP Photo
World Bank President Robert B. Zoellick speaks to the media at a news conference after talks with Turkey's Deputy Prime Minister Ali Babacan, unseen, in Ankara, Turkey, Wednesday, July 20, 2011.
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Reuters Pictures
World Bank President Robert Zoellick (R) and Turkish Deputy Prime Minister Ali Babacan, who is responsible for economic coordination, arrive for a joint news conference in Ankara July 20, 2011. As a fast growing country Turkey should be alert to inflation risks, Zoellick said in Ankara...
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AP Photo
World Bank President Robert B. Zoellick, left, and Turkey's Deputy Prime Minister Ali Babacan speak at a news conference after their talks in Ankara, Turkey, Wednesday, July 20, 2011.
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Reuters Pictures
France's Industry Minister Eric Besson makes a speech during the G-20 Conference on Commodity Price Volatility in Istanbul September 13, 2011. Turkish Deputy Prime Minister for Economic and Financial Affairs Ali Babacan said on Tuesday that a growth rate of less than 5 percent in 2012...
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Getty Images
Turkish Deputy Prime Minister for Economic and Financial Affairs, Ali Babacan (R) gestures next to French Christine Lagarde, Managing Director of International Monetary Fund (IMF) as he talks about ' Global Economic Outlook 2012 ', on January 28, 2012, during the World Economic Forum...
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