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Ali Babacan Biography

Ali Babacan (Turkish pronunciation: [aˈli babaˈdʒan]; born 4 April 1967 in Ankara, Turkey) is 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 (AK 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 of Turkey. During 2009-2015 he served as the Deputy Prime Minister for Economic and Financial Affairs of Turkey. He is married with three children.

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Ali Babacan Quotes

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.

Due, Energy, Fall, Petroleum, Prices, Turkeys

The E. U. initially decided to end the isolation of Turkish Cyprus, to balance the accession of Cyprus. But the E. U. has not carried through on its promise.

Balance, Cyprus, Isolation, Promise

Turkey's economy is powerful enough to tackle tough times.

Economy, Powerful, Tackle, Tough Times, Turkeys

Greece is not an easy country to do business in.

Business, Country, Easy, Greece

Whatever the scenario, the dynamism of developing nations, their demographics and competitive power are great sources for superiority.

Competitive, Demographics, Dynamism, Scenario, Source, Sources

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.

Important, Key, Keys, Political, Social, Turkey

The fast fish, not the big fish, eats the small fish.

Big Fish, Bigs, Eats, Fish, Fishes, Small

Islam and democracy can function together.

Democracy, Function, Islam, Together

Turkey is widely envied while there are very serious troubles in the world economy.

Serious, Turkey, Turkeys, Widely, World

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.

Country, Gold, Iran, Pay, Turkeys

Population is a strong driver of the economy as well as the quality of the labor force.

Driver, Force, Labor Force, Quality, Strong