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Erdogan

Turkey Hikes Interest Rate to 15% in U-turn by Erdogan

Turkey’s central bank raised the key interest rate Thursday, almost doubling it from 8.5% to 15% as the new economic administration of recently re-elected President Recep Tayyip Erdogan embarked on a dramatic monetary policy U-turn. The whopping 650-basis-point rate rise...

Turkey’s Erdogan Takes Oath as President after Historic Win

Recep Tayyip Erdogan has been sworn in as head of state in Turkey after winning a historic run-off election to extend his two-decade rule for another five years. “I, as president, swear upon my honor and integrity before the great...

Lira, Stocks Fall as Erdogan is in Pole Position to Win Turkey’s Election

Turkey's lira and stocks fell on Monday as the presidential election appeared headed for a runoff with incumbent president Tayyip Erdogan in the lead. The lira fell near a two-month low, and the cost of insuring exposure to the country's...

Turkey Faces a Runoff Vote After Most Closely Fought Election in Decades

Turkey is facing a runoff vote after neither President Recep Tayyip Erdogan nor his main rival appeared to have secured the 50% of votes needed to win the elections, preliminary election results showed. State-run Anadolu news agency reported projections based...

Will Erdoğan Survive Turkey’s Elections?

On Sunday, May 14, the Turkish general elections will decide whether incumbent President Recep Tayyip Erdoğan retains his seat. Erdoğan's main rival is Kemal Kılıçdaroğlu, the leader of the opposition. Political commentators are billing the 2023 election as the...

Greece, Turkey Eye ‘New Start’ in Relations After Elections

The leaders of Turkey and Greece exchanged positive messages in the runup to elections to be held on May 14 and May 21 respectively. Greek PM Kyriakos Mitsotakis said he will extend “a hand of friendship” to the winner of...

Turkey Inaugurates Russian-Built Nuclear Plant at Akkuyu

Turkey inaugurated its first nuclear plant at Akkuyu on its Mediterranean coast on Thursday in a virtual ceremony addressed by President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin. “Our country has been promoted to the league of nuclear...

Erdogan Cancels Appearances After Health Scare on Live TV

Turkish President Recep Tayyip Erdogan announced on Wednesday that he would take a daily rest after cutting short a live TV interview Tuesday night after suffering from a stomach bug. The president's scheduled appearances for the day were canceled while...

Turkey to Hold Elections on May 14

President Tayyip Erdogan officially set Turkey’s parliamentary and presidential elections for May 14, a month ahead of schedule, signing the decision in a ceremony shown live on television on Friday. “Our nation will go to the polls to elect its...