Ali Babacan Quotes

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

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.

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

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

Islam and democracy can function together.

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.

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

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

Greece is not an easy country to do business in.

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.

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.