Turkey's New Presidential Palace Costs USD 0.6 B About USD 615 M have been earmarked so far on the construction of Ak Saray, Turkey's impressive presidential palace, the country's Finance Minister Mehmet Şimşek announced. Out of the total, some USD 432 M has already been spent on building Ak Saray, while another USD 135 M is allocated for 2015, Hürriyet Daily News quoted Şimşek as telling Parliament's budget committee on Tuesday. He added further expenses should be expected, with USD 135.4 M out of the USD 178 M presidential budget to be set aside for goods and service purchases and investment. The sum exceeds previous estimates about how much the palace will cost by 90 percent. President Recep Tayyip Erdoğan, who took up office in end-August winning the vote by a landslide earlier that month, moved in Ak Saray briefly after being sworn in. The project for Ak Saray, or the "White Palace," has often been criticized for being too pompous, with a total floor surface surpassing that of most other similar compounds around the world. Listen Novinite printing news that disparage emerging markets is counterproductive and senseless. Turkey might spend 1 billion building a presidential palace and Putin might be worth 70 billion but what matters is that they are leaders of emerging markets and emerging markets are the future. You see Bulgarians, in our country our leaders steal little but it's not the amount, it's the productivity of their theft. When Putin or Erdogan or Xi or Modi or Rouseff steal big, they steal big from emerging markets and that stimulates the economy. Bulgarians leaders steal small amounts that only stimulate their village houses in Batak or Pomorie. Emerging markets steal so much that the billions they steal mean private jets, real villas, shopping trips to Paris and New York, private schools in Switzerland and all that generates money. Get your head out your asses Bulgarians and elect leaders like Putin that steal a lot and stimulate our economy. Emerging markets need corrupt leaders that stimulate growth and bring prosperity to the voters. Go Emerging Markets!!