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

Turkey will try again to attract bidders to build a third Bosporus bridge in Istanbul, dropping a requirement for new highways and connecting roads, Deputy Prime Minister Ali Babacan said. The government looked into why there were no bids in response to

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

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

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the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.”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

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