Erdoğan names former cabinet member Lütfi Elvan as new finance minister

Photo: AA/File

Click to read the article in Turkish / Kurdish

President and Justice and Development Party (AKP) Chair Recep Tayyip Erdoğan has appointed Lütfi Elvan as the new minister of treasury and finance minister, according to a presidential decree published in the Official Gazette.

The move came after Berat Albayrak, Erdoğan's son-in-law, announced his resignation on Instagram on Sunday (November 8) and Erdoğan officially accepted his resignation yesterday.

The 58-year-old Elvan served as the minister of transportation, maritime and infrastructure between 2013-2015 and the minister of development between 2016-2018.

He has been serving as chairman of Parliament's Planning and Budget Committee.

Elvan has a bachelor's degree in mining from the Istanbul Technical University Faculty of Mines, a master's degree in mining operations and research from Leeds University in the UK and a second master's degree in economics from US-based Delaware University.

He also held different positions at international institutions such as the OECD and EU. (EKN/VK)