Worldwide

Tayyip Erdogan sworn in as Turkey's first executive president

Tayyip Erdogan sworn in as Turkey's first executive president”

A Turkish presidential decree issued on July 10 after President Recep Tayyip Erdoğan was sworn in with new executive powers said the president will appoint the central bank governor, deputies and monetary policy committee members for a four-year period.

It was also announced in the Official Gazette that Mr Erdogan had appointed ground forces commander General Yasar Guler as the new chief of the general staff, replacing General Hulusi Akar, who was appointed defence minister in the new Government.

Following his swearing-in ceremony, Turkish President Recep Tayyip Erdogan visited Anitkabir, Ataturk's mausoleum, and penned down his comments in the memorial notebook, Anadolu Agency reported.

"We have come not to be master but to be servant of our people", he added. The selection of Berat Albayrak, his son-in-law, as treasury minister had an instant effect on the Turkish lira, which fell by 2.5 per cent within minutes as investors who were expecting an experienced economist sold Turkish stocks.

In April 2017, 51 percent of Turkish voters endorsed constitutional changes backed by Erdogan, which scrapped the post of prime minister and allowed the president to appoint ministers and vice presidents and intervene in the legal system.

Since past year, Turkey's huge clampdown on dissent has purged well over 100,000 public servants, while media outlets, non-governmental organisations, cultural centres and private schools have been closed.

"A partisan one-man regime starts officially today", said the opposition Cumhuriyet newspaper.

The president now sits at the top of a vertical power structure marked by a slimmed-down government with 16 ministries instead of 26 and multiple bodies reporting to him.

Although Turkey's deal with the European Union over migrants remains in place, its bid to join the bloc is all but dead and significantly, its European Union ministry is now being swallowed up by the foreign ministry.

Prime Minister Binali Yildirim now goes down in history as the 27th and final holder of the post in Turkey. Erdogan said that folk dancing and a laser show had been cancelled as a result. Monday's ceremony paves the way to shift Ankara's ruling model from a parliamentary to a presidential republic.

A ceremony at the presidential palace that will follow later on Monday was scheduled to be attended by dozens of foreign leaders and dignitaries, including Russian Prime Minister Dmitry Medvedev, Venezuelan President Nicolas Maduro and Qatari Emir Sheikh Tamim bin Hamad Al Thani.

With more than 900,000 active personnel, Turkey has the second largest force in North Atlantic Treaty Organisation after the United States which has nearly 1.5 million.

Erdogan will this week immediately turn to foreign policy, visiting northern Cyprus and Azerbaijan, followed by more challenging encounters at a North Atlantic Treaty Organisation summit in Brussels where he will meet US President Donald Trump and other leaders.

Turkey also faces a widening current account deficit making it reliant on weak foreign investment to plug the gap.

A former Istanbul mayor, Erdogan has been at the helm of Turkey since 2003 as prime minister and then the first directly elected president since 2014.

The lira TRYTOM=D3, which has lost almost a fifth of its value against the dollar this year, dropped almost 3 percent to 4.74 to the USA currency after the cabinet announcement.

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



Like this

loading...
loading...

Latest


10 July 2018
Toll from deadly Thai tourist boat sinking rises to 41
It was hit by massive waves which prompted it to keel over. "One body was found late Thursday, and the remainder on Friday". Chinese rescue team arrive at Chalong pier in Phuket in Phuket , Thailand , Sunday, July 8, 2018.

10 July 2018
Lando Calrissian Will Return For STAR WARS: EPISODE IX
Donald Glover recently took on the younger version of the role in the latest franchise spin-off Solo: A Star Wars Story . But now Williams will don Lando's fabulous cape again to reprise the role in Episode 9 .

10 July 2018
Microsoft reveals the $399 Surface Go
The existing Surface Pen works with this device and you can opt for the Type Cover at $99 or a Signature Type Cover at $129.99. For charging and docking, there's Surface Connect and USB Type-C 3.1, as well as a microSD card reader for storage expansion.

10 July 2018
May seeks unity amid chaos over Brexit plans
May was asked by an opposition lawmaker Monday whether she would contest a vote of confidence if one came rather than resign. But leading pro-Brexit legislator Jacob Rees-Mogg said "I don't think a no-confidence vote is immediately in the offing".

10 July 2018
Gianluigi Buffon insists he 'wouldn't be surprised' if Cristiano Ronaldo joins Juventus
Mendes has previously insisted Ronaldo would be "eternally grateful" to Madrid if he decides to leave the club this summer. Whether they will get to watch Ronaldo in a Juventus shirt next season still remains to be seen.

10 July 2018
IHOB just changed its name back to IHOP. Here's why
Hollis JohnsonIHOP is officially back to its original identity as the International House of Pancakes . The pancake giant is offering short stacks for 60 cents on July 17, 2018 from 7am to 7pm nationwide.

10 July 2018
Thai cave rescue: Four more boys extracted in second operation
Chiang Rai Gov.Narongsak Osatanakorn said Tuesday's rescue operation began just after 10 a.m. and involves 19 divers. It could be at least seven days before the boys can be released from hospital, Jesada told a news conference.

10 July 2018
Vettel wins British Grand Prix as Hamilton recovers to 2nd
My view, I did the best that I could, but there seems to be opposite looks of what I'm doing unfortunately". Hamilton came off the worse off the two as he was spun around, leaving him at the back of the grid.

11 May 2018
All You Should to Know about Cisco CCNP Certification
Cisco provides the seekers with a wide range of courses depending on different areas included in the field of IT. The certificate holder gets a good position in the field of IT, and is capable to add new apps and networks.

12 February 2018
Top 10 Gambling Nations Ever
According to the European Gaming and Betting Association, it violated EU rules and thus requested European commission to amend it. There are VLT or Video Lottery Terminals ticket lotteries, bingo halls, race tracks, commercial casinos available in the country.