Lutfi Elvan

Turkey's finance minister replaced as lira crashes

Turkey's finance minister replaced as lira crashes

Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister early Thursday after Lutfi Elvan stepped down from the post as the currency has been tumbling to record lows. Erdogan named Nureddin Nebati, who was …

 Funding for intelligence service in Turkey to be doubled

Funding for intelligence service in Turkey to be doubled

The budget of the National Intelligence Service (MIT) of Turkey for 2016 has been increased by 47%, the Deputy Prime Minister of Turkey Lutfi Elvan said. He noted that the budget of the MIT in 2016 will amount to 1.6 billion …