Haberler    English    العربية    Pусский    Kurdî    Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 19/03/2019 07:40 
10.07.2018 13:28 News >> Fresh Faces Take Up Turkey's Economic Administration

Fresh Faces Take Up Turkey's Economic Administration

President Recep Tayyip Erdogan announces new Cabinet.

Turkey's new economy administration was announced by President Recep Tayyip Erdogan late on Monday.

The Cabinet reshuffle saw economy-related ministries cut to nearly half.

The new management model has three pillars; production, finance and trade, with a focus on growth and clarity.

Ruhsar Pekcan, one of two women ministers in the new Cabinet, was chosen to lead the Trade Ministry, a combination of the former Customs and Economy ministries.

Electrical engineer Pekcan has worked in several institutions including the Bank for the Development of Industry of Turkey (TSKB), Foreign Economic Relations Board of Turkey (DEIK) and the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

Mustafa Varank was named the minister of industry and technology. The ministry combines the former Science, Industry and Technology, and Development ministries.

Varank has been a researcher and served international Florida State and Indiana universities.

He has also been advisor to the prime minister and president, and was given the title of ambassador by Erdogan.

Berat Albayrak, former Energy and Natural Resources Minister, was chosen to lead the country's Treasury and Finance Ministry.

He completed his post-graduate and doctorate from New York's Pace University.

The Treasury Undersecretariat was combined with the Finance Ministry under the Treasury and Finance Ministry.

While most of the new Cabinet members were chosen from out of The Grand National Assembly of Turkey, he was one of four deputies.

He was also one of the four ministers who managed to stay in the Cabinet.

Fatih Donmez took up the role of the energy and natural resources minister. He formerly served as undersecretary in the ministry.

Mehmet Cahit Turan was named the transportation and infrastructure minister.

Bekir Pakdemirli became the food, agriculture and livestock minister.

Business-circle backs new Cabinet

Turkey's business community praised the new Cabinet.

Abdurrahman Kaan, head of the Independent Industrialists' and Businessmen's Association (MUSIAD), said that the new economy administration will raise the country's production, exports, investments and growth.

Sekib Avdagic, head of the Istanbul Chamber of Commerce (ITO), stressed that new appointments gave confidence to the business world.

Ismail Gulle, chairman of the Turkish Exporters' Assembly (TIM), said: "We believe, the new ministers will be successful in delivering."

Turkish Industry and Business Association (TUSIAD) also said in a statement: "We expect an extensive program that includes financial measures to strengthen macroeconomic balance immediately." -



        Latest News
Venezuela Denounces US Decision To Hand Over Facilities 23 minutes ago...
Decision violates Vienna Convention on diplomatic relations, says FM Arreaza.
Turkey: 'Good' Response From S. Africa On School Plan 23 minutes ago...
Maarif foundation says schools will help disadvantaged communities.
Nearly 2,000 US Troops Remain İn Syria 23 minutes ago...
Pull out has not begun despite announcement troops would leave in mid March.
Turkish Opposition To Visit New Zealand 8 minutes ago...
Decision comes after terror attacks on 2 mosques claims 50 lives in Christchurch.
Foreign Students Hail Turkey's Cultural Richness 23 minutes ago...
Doctoral students from US, UK say Turkey much different than portrayed by foreign media.

 
      Top News
Defense Chief: US Working Closely With Turkey İn Syria Defense Chief: US Working Closely With Turkey İn Syria
Turkey Blasts Europe's 'Silence' On Nz Terror Attacks Turkey Blasts Europe's 'Silence' On Nz Terror Attacks
Update 3 - Netherlands: 3 Killed İn Tram Shooting Update 3 - Netherlands: 3 Killed İn Tram Shooting
Martyrs' Day Marked At Cairo's Turkish Cemetery Martyrs' Day Marked At Cairo's Turkish Cemetery
Turkish Vp Marks Canakkale Naval Victory Of 1915 Turkish Vp Marks Canakkale Naval Victory Of 1915
Malaysia Detains 9 Suspects Over Toxic River Waste Malaysia Detains 9 Suspects Over Toxic River Waste
US Seeks Chinese Help To Denuclearize Korean Peninsula US Seeks Chinese Help To Denuclearize Korean Peninsula
US Military Plans To Keep 1,000 Troops İn Syria: Report US Military Plans To Keep 1,000 Troops İn Syria: Report
Palestinian Groups Hail West Bank Attack Palestinian Groups Hail West Bank Attack
Kuwaiti Islamists Fail To Maintain Parliamentary Seats Kuwaiti Islamists Fail To Maintain Parliamentary Seats