Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 16/07/2018 15:25 
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
Policeman Gunned Down İn Iraq's Mosul 14 minutes ago...
No group has yet claimed responsibility for deadly attack.
US Alliance, Peshmerga Hunt Down Daesh İn Northern Iraq 14 minutes ago...
Daesh still maintains a limited presence in northern and western Iraq.
Turkey, US See Manbij Deal 'Significant' For Syria 14 minutes ago...
Recep Tayyip Erdogan, Donald Trump discuss bilateral ties over phone.
8 Migrants Suffocate İnside Shipping Container İn Libya -30 minutes ago...
90 more migrants in critical condition found inside shipping containers.
Trump-Putin Summit Begins İn Helsinki -30 minutes ago...
Russian President Vladimir Putin offers to discuss ‘sore points’ at beginning of meeting.

 
      Top News
Update - Turkey's Defeated Coup Bid Marked Across World Update - Turkey's Defeated Coup Bid Marked Across World
Anadolu Agency Shoots Aerial Footage Of Feto Camp İn Us Anadolu Agency Shoots Aerial Footage Of Feto Camp İn Us
Jerusalem Marks Anniversary Of Defeated Coup İn Turkey Jerusalem Marks Anniversary Of Defeated Coup İn Turkey
Diary Diary
New Temples, Stones Found İn Turkey's Gobeklitepe Site New Temples, Stones Found İn Turkey's Gobeklitepe Site
Turkish TRT Staff Briefly Detained İn Greece Turkish TRT Staff Briefly Detained İn Greece
Survivors Share Experiences Of Turkey's Deadly Coup Bid Survivors Share Experiences Of Turkey's Deadly Coup Bid
Kenyans Begin Trek To South Africa To Save Elephants Kenyans Begin Trek To South Africa To Save Elephants
Turkish Presidency Calls For July 15 Rally İn Istanbul Turkish Presidency Calls For July 15 Rally İn Istanbul
Turkey İssues Travel Warning For Iraq Amid Protests Turkey İssues Travel Warning For Iraq Amid Protests