Ruhsar Pekcan

Turkish President Sacks Trade Minister Accused of Nepotism

Outgoing Turkish Trade Minister Ruhsar Pekcan. Photo: Turkish Trade Ministry

"The company was preferred due to its low price and the need to obtain those products because of the pandemic," the ministry said on April 20. It also insisted that purchases from the company were worth only 51,000 euros and were carried out in line with relevant regulations and the law.

Turkey replaces trade minister, forms two new ministries

President Recep Tayyip Erdoğan has replaced Trade Minister Ruhsar Pekcan by a senior ruling party official, Mehmet Muş, and appointed Derya Yanık as the new minister for family and social services and Vedat Bilgin as the minister for labor and social security after abolishing Family, Labor and Social Services Ministry.

New Libyan unity government pays first visit to Turkey

Libyan Prime Minister Abdul Hamid Mohammed Dbeibah and a delegation of ministers made their first visit to Turkey on April 12 since taking office last month.

As part of a two-day visit, President Recep Tayyip Erdoğan and Dbeibeh on April 12 chaired the first meeting of the Turkey-Libya High-Level Strategic Cooperation Council in Ankara.

Turkey's e-commerce volume jumps 66 pct in 2020

The volume of e-commerce in Turkey jumped 66 percent year-on-year to 226.2 billion Turkish liras ($32 billion) in 2020, the country's trade minister announced on April 6.

"E-commerce spending to gross domestic product (GDP) ratio reached 4.1 percent in 2020, a rise of 51.8 percent from a year ago," Ruhsar Pekcan told a news conference held in the capital Ankara.

Turkey, Turkish Cyprus sign financial cooperation pact

Turkey and the Turkish Republic of Northern Cyprus (TRNC) signed a financial cooperation agreement on March 4. 

The signing ceremony for the Turkey-TRNC 2021 Economic and Monetary Cooperation Agreement was held after Turkish Vice President Fuat Oktay received TRNC Prime Minister Ersan Saner and his commission.