Turkish President Recep Tayyip Erdoğan said that the appointment of Mehmet Şimşek as Treasury Minister should not be contemplated as a change in his cabinet’s economic policies as the former minister’s re-appointment to the post raised the expectations of a shift in low interest rate policy of Erdoğan. However he added that they “accept the
People in the corridors of the Parliament are still asking why President Tayyip Erdoğan, contrary to widespread speculation, did not include former Interior Minister Süleyman Soylu and former Minister of National Defense Hulusi Akar in the new cabinet, in other words, in the new A-Team he formed after the May 28 victory. Let’s leave aside
Even before the May 14 elections, there was talk in Ankara that if President Tayyip Erdoğan won the elections, Hakan Fidan, the head of the Turkish National Intelligence Organization (MIT), could be appointed Foreign Minister and İbrahim Kalın, his chief advisor and spokesperson, could be appointed head of MIT. Indeed, Erdoğan won the election and
With her exceptional education, extensive experience, and youthful dynamism, Hafize Gaye Erkan sparked enthusiasm at home as well as abroad by assuming crucial position in economic management as the new governor of the Central Bank (CBRT). However, she has come to this position at a crucial time when the Turkish economy is so fragile with
With the noticeable move to loosen government controls on foreign currency, combined with some uncertainty, the Turkish lira tumbled to record lows against the dollar, and one dollar skyrocketed to 23.22 on the evening of June 7. However, the rate had been just under 20 liras on the last working day before the election, while
On June 5, Hakan Fidan took over the Ministry of Foreign Affairs from Mevlüt Çavuşoğlu, his classmate from Bilkent University. After leading the National Intelligence Organization (MIT) for 13 years, Fidan took the helm of Turkish foreign policy, something he has been involved in for the last 20 years. The worlds of intelligence and diplomacy
Recep Tayyip Erdoğan has emerged as the winner of the second round of presidential elections, and the public as the loser to politicians as they were forced to choose between two autocratic leaders who dictated themselves as presidential candidates. Instead of change and an improved political arrangement they have been made hostage for another 5
On June 3, President Recep Tayyip Erdoğan first took the oath of office at the Turkish Grand National Assembly and began his third term as president after winning the elections on the second round on May 28. Then he laid flowers at the mausoleum of Mustafa Kemal Atatürk at Anıtkabir in the rain, and later,
With a victory on May 28 presidential run-off elections, President Erdoğan was re-elected as the president and won the right to form his cabinet to rule the executive branch in the following 5 years. On the morning of May 31, the value of the Turkish lira fell to an unprecedented low against the US dollar.
Turkish President Recep Tayyip Erdoğan was re-elected for his third term at the seat after the run-off elections on May 28. The ruling Justice and Development Party (AKP) leader Erdoğan received 52.14 percent of the votes, while his opponent and opposition’s candidate Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu received 47.84 percent. The margin will