Babacan

Turkey’s 2014 wheat, barley production falls

Turkey’s grain production fell in 2014, official figures showed yesterday, hit by the Middle East’s driest weather in more than a decade, forcing the country to raise its grain imports.

Wheat production was down by 13.8 percent to 19 million tons while barley production was at 6.3 million tons, down more than 20 percent from 2013, the Statistics Institute (TÜİK) said.

Time for a new reform agenda for Turkey

Turkey is currently in a political transition process – a very orderly one so far. Let me tell you what we know as of this Friday. We have a new president, a new prime minister and a new council of ministers. The successful Babacan-Şimşek team has kept its portfolio as deputy prime minister responsible for the economy and minister of finance, respectively.