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Markets are also waiting for the appointment of a new central bank governor to replace Sahap Kavcioglu, who spearheaded rate cuts under Erdogan's unorthodox policies. "I think we are seeing the impact of Simsek pushing (the Turkish central bank) for rational policy." Bankers say the lira's continued gradual depreciation will lead to improved market conditions and halt a decline in central bank reserves. But it sparked a record lira crisis in December of 2021 and sent inflation to a 24-year high above 85% last year. Erdogan is considering appointing Hafize Gaye Erkan, a senior finance executive in the United States, as central bank governor, Reuters reported on Monday.

Persons: Tayyip Erdogan, Erdogan, Mehmet Simsek, Simsek, Sahap Kavcioglu, Tim Ash, Hafize Gaye Erkan, Erkan, Paul McNamara, Huseyin Hayatsever, Jonathan Spicer, Ali Kucukgocmen, Tom Hogue, Christina Fincher Organizations: BlueBay Asset Management, Bankers, Reuters, Simsek, GAM, Thomson Locations: ANKARA, Turkish, United States, Ankara, Turkey, Jorgelina, Rosario, London

☆ Stoltenberg says Swedish NATO deal can be reached after more talks
▼ + stars: | 2023-06-04 | by ( Burcu Karakas | ) www.reuters.com time to read: +2 min

ISTANBUL, June 4 (Reuters) - An agreement on Sweden joining NATO could be reached in time for a summit of the alliance next month in Lithuania, NATO Secretary-General Jens Stoltenberg said on Sunday after meeting Turkish President Tayyip Erdogan. He also said officials from Turkey, Sweden and Finland would meet later this month for talks to try to overcome objections from Turkey and Hungary that have delayed Sweden's NATO membership bid. Stoltenberg's talks in Istanbul with Erdogan took place a week after Erdogan extended his two-decade rule in an election. Stoltenberg told Reuters in an interview it was important to use the remaining time before the NATO summit in Vilnius in July to get a deal. In its objections to Swedish membership, Turkey has said Stockholm harbours members of militant groups it considers to be terrorists.

Persons: Jens Stoltenberg, Tayyip Erdogan, Stoltenberg's, Erdogan, Stoltenberg, Huseyin Hayatsever, Andrew Gray, Sabine Siebold, Hugh Lawson, Barbara Lewis Organizations: NATO, Reuters, Atlantic Treaty Organization, Kurdistan Workers ' Party, Thomson Locations: ISTANBUL, Sweden, Lithuania, Turkey, Finland, Hungary, Istanbul, Russia, Ukraine, Vilnius, Stockholm, Ankara, Brussels

☆ Turkish economy to return to 'rational ground', new finance minister says
▼ + stars: | 2023-06-04 | by ( Nevzat Devranoglu | ) www.reuters.com time to read: +2 min

ANKARA, June 4 (Reuters) - Turkey's newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to "rational ground" to ensure predictability in the economy. In a handover ceremony, Simsek said the main goal of the new government will be to increase social welfare. "Turkey has no other choice than to return to a rational ground. A rules-based, predictable Turkish economy will be the key to achieving the desired prosperity." Fiscal policies and structural reforms will support Turkey's central bank to help lowering inflation, Simsek also said.

Persons: Mehmet Simsek, Tayyip Erdogan, Simsek, Goldman Sachs, Huseyin Hayatsever, Hugh Lawson, Susan Fenton Organizations: Thomson Locations: ANKARA, Turkey

☆ Turkey's Erdogan to take oath, name new-look cabinet
▼ + stars: | 2023-06-03 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +3 min

Turkey's longest serving leader, Erdogan garnered 52.2% support in the May 28 runoff vote. The new parliament convened on Friday and Erdogan will officially start his new term by taking his oath on Saturday at around 3 p.m. (1200 GMT) in the general assembly in Ankara. Simsek was highly regarded by investors when he served as finance minister and deputy prime minister between 2009 and 2018. Erdogan, 69, became prime minister in 2003 after his AK Party won an election in late 2002 following the worst economic crisis of Turkey since the 1970s. In his victory speech, Erdogan said inflation, which hit a 24-year peak of 85% last year before easing, was Turkey's most urgent issue.

Persons: Tayyip Erdogan, Erdogan, Jens Stoltenberg, Nicolas Maduro, Viktor Orban, Nikol Pashinyan, Mehmet Simsek, Simsek, Huseyin Hayatsever, Jonathan Spicer, Frances Kerry Organizations: NATO, Armenian, Anadolu Agency, Reuters, AK Party, Thomson Locations: ANKARA, Ankara, Hungarian, Turkey

☆ Factbox: Turkey's new government: key figures in Erdogan's cabinet
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +3 min

Following are descriptions of key figures in the cabinet:MEHMET SIMSEK - FINANCE MINISTERFormer economy chief Simsek has been appointed as treasury and finance minister. He was highly regarded by financial markets when he served as finance minister and deputy prime minister between 2009 and 2018. HAKAN FIDAN - FOREIGN MINISTERFidan was appointed as foreign minister, replacing Mevlut Cavusoglu, who was one of the longest serving top Turkish diplomats. ALI YERLIKAYA - INTERIOR MINISTERAli Yerlikaya was appointed as interior minister and replaced Suleyman Soylu, who kept his position since 2018. Yerlikaya, 55, served as governor of provinces of Gaziantep, Tekirdag, Agri and Sirnak before.

Persons: Tayyip Erdogan, MEHMET SIMSEK, Simsek, Merrill Lynch, HAKAN FIDAN, Fidan, Mevlut Cavusoglu, Erdogan, YASAR, Yasar Guler, Hulusi Akar, CEVDET YILMAZ, Cevdet Yilmaz, Ali Yerlikaya, Suleyman Soylu, Yerlikaya, Burcu Karakas, Huseyin Hayatsever, Jonathan Spicer Organizations: FINANCE, U.S, Embassy, National Intelligence Organisation, MIT, Turkish Army, Turkish Development and Cooperation Agency, Kurdistan Workers Party, AK, Turkish, Commission, ALI, Ece Toksabay, Thomson Locations: ANKARA, Ankara, Oslo, Syria, Iraq, Istanbul, Yerlikaya, Gaziantep, Tekirdag

☆ Turkey's Erdogan appoints Mehmet Simsek as finance minister
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, June 3 (Reuters) - Turkey's President Tayyip Erdogan on Saturday named former economy chief Mehmet Simsek as treasury and finance minister as he announced the cabinet for his new five-year term. Simsek was highly regarded by investors when he served as finance minister and deputy prime minister between 2009 and 2018. Reuters reported this week that Erdogan was viewed as almost certain to include Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy. His appointment could mark a departure from years of unorthodox economic policies under Erdogan, which have included sticking to low interest rates despite high inflation, and heavy state control of markets. Reporting by Ezgi Erkoyun and Huseyin Hayatsever, Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Mehmet Simsek, Simsek, Erdogan, Ezgi Erkoyun, Huseyin Hayatsever, Angus MacSwan Organizations: Saturday, Reuters, Thomson Locations: ISTANBUL

☆ Turkey's Erdogan takes oath for new term as president
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +1 min

ANKARA, June 3 (Reuters) - Turkish President Tayyip Erdogan took the oath of office for a new five-year presidential term on Saturday, extending his rule into a third decade. "I, as president, swear upon my honour and integrity before the great Turkish nation and history to safeguard the existence and independence of the state ... to abide by the constitution, the rule of law, democracy, the principles and reforms of Ataturk, and the principles of the secular republic," Erdogan said in a ceremony at the parliament in Ankara, which was broadcast live on television. Turkey's longest serving leader, Erdogan won 52.2% support in a May 28 runoff vote. His election victory upended the predictions of most opinion polls and came despite a cost-of-living crisis that was seen to have dampened his prospects. Reporting by Huseyin Hayatsever and Ezgi Erkoyun; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Erdogan, Huseyin Hayatsever, Giles Elgood Organizations: Turkish, Ataturk, Turkey's, Thomson Locations: ANKARA, Ankara

[1/3] Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, gestures after speaking following early exit poll results for the second round of the presidential election in Ankara, Turkey May 28, 2023. According to some party members, analysts and voters, Kilicdaroglu, the opposition presidential candidate in Sunday's runoff vote, will need to immediately re-focus on maintaining control of Turkey's big cities in the municipal elections. Instead Erdogan, modern Turkey's longest-serving leader, will extend his increasingly authoritarian rule into a third decade, backed by a majority for his alliance in parliament. Meanwhile the Republican People's Party (CHP), which Kilicdaroglu leads, holds internal discussions this week in Ankara to pick up the pieces. The broader six-party opposition alliance convened after Sunday's election results came in.

☆ Turkey's Kilicdaroglu says to continue struggle after vote disappointment
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: 1 min

ANKARA, May 28 (Reuters) - Turkey's opposition presidential candidate Kemal Kilicdaroglu said he will continue to lead his struggle, after early results showed him losing in what he said was "the most unfair election in years" against incumbent Tayyip Erdogan. Speaking in Ankara, Kilicdaroglu, who got some 47.9% of votes in Sunday's runoff election, said the results showed people's will to change an authoritarian government. He is saddened by the "troubles" awaiting Turkey, he said. Reporting by Huseyin Hayatsever and Ezgi Erkoyun; Writing by Ali Kucukgocmen; Editing by Jonathan SpicerOur Standards: The Thomson Reuters Trust Principles.

☆ Turkey's Erdogan: rates have fallen, inflation will also fall
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: 1 min

ANKARA, May 29 (Reuters) - Turkish President Tayyip Erdogan said in his victory speech on Sunday that inflation was the most urgent issue for the country, but said it would also fall, following the policy rate that was cut to 8.5% from 19% two years ago. "We are designing an economy focused on investment and employment, with a finance management team that has international reputation," Erdogan told his supporters at his palace in Ankara. Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which have polarised Turkey and strengthened its position as a regional military power. Reporting by Ece Toksabay and Huseyin Hayatsever; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

[1/3] A child walks at a polling station while people attend voting during the second round of the presidential election in Istanbul, Turkey May 28, 2023. REUTERS/Hannah McKayANKARA/ISTANBUL, May 28 (Reuters) - Here are some views from Turkish citizens as the country voted on Sunday in an election runoff that may extend President Tayyip Erdogan's rule into a third decade or see a transfer of power to his rival Kemal Kilicdaroglu. Nobody can deny this," said housewife Songul Aslan, 45, after voting for Erdogan. In Diyarbakir, largest city in the mainly Kurdish southeast:"In the first round I voted for Kilicdaroglu for the presidency. Change is essential to overcome the economic crisis and problems that Turkey faces, so I voted for Kilicdaroglu again.

☆ Erdogan rival pledges to repatriate all refugees before Turkey runoff
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, speaks during a press conference ahead of the May 28 runoff vote, in Ankara, Turkey May 18, 2023. Kemal Kilicdaroglu, the candidate of a six-party opposition alliance, won 45% support in Sunday's vote while Erdogan got 49.5%, falling just short of the majority needed to avoid a runoff vote. Kilicdaroglu's latest comments came amid expectations that a third candidate in the presidential race would announce his decision for the runoff. Sinan Ogan, a nationalist politician endorsed by an anti-refugee party obtained 5.2%, which made him a kingmaker in the runoff vote. "I am announcing here: I will send all refugees back home once I am elected as president, period," he added.

☆ Turkey opposition contests thousands of ballots after election
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 17 (Reuters) - Turkey's main opposition party said on Wednesday it had filed complaints over suspected irregularities at thousands of ballot boxes in Sunday's landmark election, in which President Tayyip Erdogan performed better than expected. He said the CHP had formally raised objections over 2,269 ballot boxes nationwide for the presidential election and 4,825 for the parliamentary vote that also took place on Sunday. In the presidential vote, Erdogan is headed for a runoff on May 28 against challenger Kemal Kilicdaroglu after falling just shy of the 50% threshold needed to win outright in the first round. "We are following every single vote, even if it does not change the overall results," Erkek told reporters in Ankara. There were a total of 201,807 ballot boxes set up for the election, in Turkey and abroad, Erkek said.

Kilicdaroglu, chair of the secularist Republican People's Party (CHP), received 44.9% in what was seen as the biggest electoral challenge to Erdogan's 20-year rule. A third candidate, nationalist Sinan Ogan, obtained 5.17% and both Erdogan and Kilicdaroglu are expected to seek his endorsement in negotiations this week. Turkey hosts the world's largest refugee population of around 4 million, according to official figures. Supporters of Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, rally outside the Republican People's Party (CHP) headquarters on election night in Ankara, Turkey May 14, 2023. In Wednesday's video, Kilicdaroglu also accused Erdogan of cooperating with the network Ankara accuses of orchestrating a 2016 coup attempt.

☆ For Turkey runoff, potential kingmaker draws red line at Kurdish concessions
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

Ogan won 5.2% in Sunday's first round of the presidential election. President Tayyip Erdogan, who led after the Sunday vote, and Kilicdaroglu will take part in the runoff, set for May 28. "We will consult with our voter base for our decision in the runoff. But we already made clear that the fight against terrorism and sending refugees back are our red lines," Ogan, who took 5.2% of the initial vote, told Reuters in an interview on Monday. Reporting by Orhan Coskun and Birsen Altayli; Writing by Huseyin Hayatsever; Editing by Jonathan Spicer and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Erdogan's milestones as Turkey faces May 28 runoff vote
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +8 min

[1/2] Turkish President Tayyip Erdogan greets supporters at the AK Party headquarters in Ankara, Turkey May 15, 2023. August 2001: He establishes the Justice and Development Party, or AK Party (AKP), and is elected chairman. November 2002: The AKP wins elections with nearly 35% of votes after the worst economic slump since the 1970s, promising to break with past mismanagement and recessions. June 2018: Erdogan wins snap presidential elections. Though his popularity has suffered due to a cost-of-living crisis, Erdogan wins more votes than his rival but falls short of the 50% threshold needed to win in the first round, teeing up a May 28 runoff.

"The winner has undoubtedly been our country," Erdogan said in a speech to cheering supporters at the headquarters of his ruling Islamist-rooted AK Party in the capital Ankara overnight. Going into the election, the opposition had sensed its best chance yet of unseating Erdogan, encouraged by polls showing him trailing his main challenger Kemal Kilicdaroglu. But the results suggested Erdogan and his AK Party had been able to rally conservative voters despite a cost-of-living crisis. [1/4] Supporters of Turkish President Tayyip Erdogan and AK Party (AKP) gather on election night, in Istanbul, Turkey May 15, 2023. "During the campaign period ahead of the runoff, President Erdogan is likely to emphasise stability as he already retains the majority in the parliament," Dalay said.

Long stuck in the shadow of Erdogan and his Islamist-rooted AK Party (AKP), opposition leader Kilicdaroglu has flourished on the campaign trail with polls showing he has a slight lead. Kilicdaroglu said a fundamental problem of Turkey's foreign policy during the tenure of Erdogan's AKP was the exclusion of the foreign ministry in the policy making process. 'PEACE-ORIENTED FOREIGN POLICY'"We would pursue a peace-oriented foreign policy that prioritises Turkey's national interest. Before entering politics, Kilicdaroglu worked in the finance ministry and then chaired Turkey's Social Insurance Institution for most of the 1990s. A year after losing a mayoral run in Istanbul, he was elected unopposed as party leader in 2010.

☆ Erdogan challenger Kilicdaroglu wears bulletproof vest before vote
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +1 min

ANKARA, May 12 (Reuters) - Kemal Kilicdaroglu, main challenger of Turkish President Tayyip Erdogan, wore a bulletproof vest at an election rally on Friday, two days before a presidential election and in response to what a party source said was intelligence that he could be attacked. Footage also showed Kilicdaroglu's security detail carried assault rifles and were on the stage with him as he delivered his speech, the first time such protection was apparent during his election campaign. A source from Kilicdaroglu's Republican People's Party (CHP) said the 74-year-old main opposition leader wore the vest and security was ramped up after receiving "intelligence that he could be attacked". Kilicdaroglu, who has a narrow lead over Erdogan in the polls, was delivering a speech in the Black Sea city of Samsun. Reporting by Huseyin Hayatsever Writing by Ece Toksabay Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ The Turkey candidates for president and other key figures
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +6 min

Only three candidates remain in the race for president after Muharrem Ince, representing a small party, withdrew. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. Previously a staunch opponent of Erdogan, Bahceli's Nationalist Movement Party (MHP) began to work with the president and his AKP after a 2016 attempted coup. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

One presidential candidate from a small party, Muharrem Ince, withdrew on Thursday citing a faked "character assassination" carried out online. "We find it unacceptable for another country to interfere in Turkey's election process in favour of a political party. [1/4] FILE PHOTO-Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, greets his supporters during a rally ahead of the May 14 presidential and parliamentary elections, in Tekirdag, Turkey April 27, 2023. Kilicdaroglu said a fundamental problem of Turkey's foreign policy in Erdogan's AK Party (AKP) tenure was the exclusion of the foreign ministry from the policy-making process. Turkey, Kilicdaroglu said, will pursue a peace-oriented foreign policy that prioritises its national interest and acts in line with the modern world.

☆ Factbox: Key players in Turkey's election campaign
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +6 min

Turkey's longest-serving leader logged more than a dozen election victories and survived an attempted coup in 2016. CHP LEADER KEMAL KILICDAROGLUKilicdaroglu, 74, head of the main opposition Republican People's Party (CHP), was named the six-party opposition alliance's presidential candidate in March. HOMELAND PARTY LEADER MUHARREM INCEFormer physics teacher and headmaster Muharrem Ince, 58, is seen as having little chance of becoming president. OPPOSITION FIGURES:IYI PARTY LEADER MERAL AKSENERFormer interior minister Meral Aksener, 66, leads the second-largest party in the opposition alliance, the centrist and nationalist IYI Party. ANKARA MAYOR MANSUR YAVASNationalist politician and lawyer Mansur Yavas, 67, defeated the AKP's Ankara mayoral candidate 2019 as the CHP candidate backed by an opposition alliance.

☆ Erdogan accuses opposition of provocations ahead of tight Turkish vote
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 8 (Reuters) - Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Opinion polls suggest Erdogan faces the biggest electoral challenge of his career in presidential and parliamentary votes due on May 14. The following day, on the other side of Turkey during a rally in the western town of Edirne, Erdogan accused the opposition of being "pro-LGBT" and "siding with terrorists". "They (the opposition) are trying to defame our cities shamelessly by making a scene with their own provocations," Erdogan said, without making direct reference to the events in Erzurum. Interior Minister Suleyman Soylu also accused the opposition of inciting the violence in Erzurum.

☆ Erdogan's milestones before Turkey's election
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +8 min

August 2001: He establishes the Justice and Development Party, or AK Party (AKP), and is elected chairman. In his early days, Erdogan tours Europe and the United States to promote his policies and advance Turkey's bid to join the European Union. May 2013: Protests against Erdogan's plans to redevelop Istanbul's Gezi Park accelerate into unprecedented nationwide demonstrations over what critics see as his authoritarianism. March 2019: Nationwide municipal elections produce Erdogan's first electoral defeat in nearly two decades. The lira hits all-time lows, inflation soars to its highest levels during Erdogan's rule, and his approval ratings sink.

☆ Erdogan calls opposition 'pro-LGBT' at election rally
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

ANKARA, May 7 (Reuters) - Turkey's President Tayyip Erdogan accused the opposition of being "pro-LGBT" at a rally in Istanbul on Sunday, as he stepped up his rhetoric against his opponents a week before what is expected to be a tight election. Elsewhere, protesters threw stones at Istanbul Mayor Ekrem Imamoglu, a member of the main opposition Republican People's Party (CHP), during an election rally in the eastern city of Erzurum, a stronghold of Erdogan's AK Party (AKP). On Sunday, he also attacked his key election rival Kemal Kilicdaroglu, who heads the main opposition alliance. The opposition has previously denounced claims by Erdogan linking them to terrorists as divisive and dangerous campaign rhetoric. In the 2018 presidential election Erdogan won 72% of votes in Erzurum.

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