Ali Babacan

Three interesting articles appeared in the Turkish media on May 25, written by three journalists who are well-informed on developments within the ruling Justice and Development Party (AK Parti). 

Deputy Prime Minister Ali Babacan said Turkey has now become the only Muslim country with peace and stability, but there are some people inside the country who want to destroy this environment, adding that political stability is the key to maintaining economic stability. 

Two high-ranking officials in Ankara told Reuters Deputy Prime Minister Ali Babacan will stay on in at least an advisory role to Prime Minister Ahmet Davuto?lu, if the Justice and Development Party (AKP) forms the next government.

Deputy Prime Minister Ali Babacan has said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a "megabank" with the aim of creating a platform to serve as a "central bank" for the world's Islamic lenders, as reported by Reuters. 

Deputy Prime Minister Ali Babacan has said the Turkish government has passed health reforms that could not even be realized by U.S. President Barack Obama. 

Deputy Prime Minister Ali Babacan has again expressed his concern over the rule of law in Turkey, suggesting that the country could end up craving the current status of its democracy and economy in the near future if the judicial situation further deteriorates. 

Deputy Prime Minister Ali Babacan has again expressed his concern over the rule of law in Turkey, suggesting that the country could end up craving the current status of its democracy and economy in the near future if the judicial situation further deteriorates. 

PM in Bosnia: Time of conflicts has passed

SARAJEVO -- "Serbia showed in Sarajevo on Wednesday that it wants stability, understands that the time of conflict has passed," Prime Minister Aleksandar Vucic has said.

He also noted that the region "can move forward only through joint effort."

Azerbaijan?s national oil company SOCAR is planning to invest $10 billion in Turkey?s petrochemical firm Petkim over the next seven to eight years, SOCAR said on May 12.

Turkish Deputy Prime Minister Ali Babacan urged Western Balkan countries on May 13 to establish common economic goals for peace, prosperity and stability in the region.

Speaking at the sixth Sarajevo Business Forum in the Bosnian capital, Babacan said the economy was an important instrument for strengthening political relations and reconciliation in the region.