Turkey's new finance chief vows to bring inflation down

Cornelia Mascio
Luglio 12, 2018

Albayrak, 40, previously served as energy minister and, before that, led a company seen as close to the government.

About it reports "Correspondent", referring to AFP.

On his turn, President Erdogan asked the Minister of Commerce and Industry to convey his utmost greetings and appreciation to His Majesty the Sultan, wishing His Majesty good health, wellbeing and a long life, and the Omani people further progress and growth.

The appointment of former chief of Turkish General Staff Hulusi Akar to the post of defense minister became the most unexpected event.

Erdoğan, who has ruled Turkey as prime minister and then as president for 15 years, won a snap election last month with 52% of the vote. No more. From Monday, it is a presidential republic under its omnipotent leader Recep Tayyip Erdogan.

The unexpected move leaves key details on the future functioning of the central bank unanswered but signals that Erdogan intends to keep to a pledge in May to increase his control over the way monetary policy is made. Erdogan said that folk dancing and a laser show had been cancelled as a result.

Turkey is not a state party to the tribunal of war crimes but has the obligation as a member of the United Nations to cooperate with the court.

But President Erdogan has put religion at the heart of the country and has distanced it from the West.

After the inauguration, Erdogan will immediately turn to foreign policy, visiting northern Cyprus and Azerbaijan, both traditional first ports of call for a newly elected Turkish leader. Few European leaders attended his inauguration - only those from Hungary and Bulgaria - with most from Africa and the Middle East: a sign of his geopolitical realignment. Investors are keen to see Mehmet Simsek, now deputy prime minister, continue at the helm of the economy.

Ruhsar Pekcan, one of just two women in the cabinet, was named as trade minister.

It allows him to appoint ministers and vice-presidents and intervene in the legal system.

The AKP failed to win a majority in parliament, taking 294 of the 600 seats, meaning it will need its allies in the Nationalist Movement Party (MHP), which has 49 seats, to ensure a majority. North Atlantic Treaty Organisation member Turkey's relations with its Western allies have been strained by disputes with the United States over military strategy in Syria and by European Union criticism of Ankara's large-scale purges of state institutions, armed forces, police and media following the failed coup.

Observers had speculated that the purge might ease after the elections, but on Sunday the government issued a decree dismissing 18,000 state employees including teachers, police and military officers over alleged links to terrorist groups.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE