Erdogan now faces challenges over the economy and earthquake recovery | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 26, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 26, 2025
Erdogan now faces challenges over the economy and earthquake recovery

World+Biz

AP/UNB
29 May, 2023, 03:20 pm
Last modified: 29 May, 2023, 03:31 pm

Related News

  • Turkey's Erdogan says Israel attacks aimed to sabotage Iran nuclear talks
  • Erdogan to attend Turkey-Netherlands match on Saturday
  • Imamoglu, the Turkish mayor following in Erdogan's footsteps
  • Explainer - Turkey's local vote a test for Erdogan and rival Imamoglu
  • Turkey local election: Erdogan battles key rival

Erdogan now faces challenges over the economy and earthquake recovery

AP/UNB
29 May, 2023, 03:20 pm
Last modified: 29 May, 2023, 03:31 pm
Photo: REUTERS/Umit Bekta
Photo: REUTERS/Umit Bekta

Turkish President Recep Tayyip Erdogan has a mandate to rule until 2028, securing five more years as leader of a country at the crossroads of Europe and Asia that plays a key role in NATO. He must now confront skyrocketing inflation that has fueled a cost-of-living crisis and rebuild in the aftermath of a devastating earthquake that killed more than 50,000 people.

Turkey's Erdogan prevails in election test of his 20-year rule

Erdogan secured more than 52% of the vote in Sunday's presidential runoff, two weeks after he fell short of scoring an outright victory in the first round. His opponent, Kemal Kilicdaroglu, had sought to reverse Erdogan's increasingly authoritarian leanings, promising to return to democratic norms, adopt more conventional economic policies and improve ties with the West. But in the end, voters chose the man they see as a strong, proven leader.

Erdogan thanked the nation for entrusting him with the presidency again in two speeches he delivered in Istanbul and Ankara.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"The only winner today is Turkey," Erdogan said outside the presidential palace in Ankara, promising to work hard for Turkey's second century, which he called the "Turkish century." The country marks its centennial this year.

Kilicdaroglu said the election was "the most unjust ever," with all state resources mobilised for Erdogan.

"We will continue to be at the forefront of this struggle until real democracy comes to our country," he said in Ankara.

Supporters of Erdogan, a divisive populist and masterful orator, took to the streets to celebrate, waving Turkish or ruling party flags, honking car horns and chanting his name. Celebratory gunfire was heard in several Istanbul neighbourhoods.

World leaders congratulate Turkey's victorious Erdogan

Leaders across the world sent their congratulations, highlighting Turkey's, and Erdogan's, enlarged role in global politics. His next term is certain to include more delicate manoeuvring with fellow NATO members over the future of the alliance and the war in Ukraine.

Western politicians said they are ready to continue working with Erdogan despite years of sometimes tense relations. Most imminently, Turkey holds the cards for Sweden's hopes to join NATO. The bid aims to strengthen the military alliance against Russia. Turkey is also central to the continuity of a deal to allow Ukrainian grain shipments and avert a global food crisis.

In his victory remarks, Erdogan said rebuilding the quake-struck cities would be his priority. He also said a million Syrian refugees would go back to Turkish-controlled "safe zones" in Syria as part of a resettlement project being run with Qatar.

Erdogan has retained the backing of conservative voters who remain devoted to him for lifting Islam's profile in Turkey, which was founded on secular principles, and raising the country's influence in international politics.

Erdogan's rival was a soft-mannered former civil servant who has led the pro-secular Republican People's Party, or CHP, since 2010. The opposition took months to unite behind Kilicdaroglu. He and his party have not won any elections in which Erdogan ran.

In a frantic outreach effort to nationalist voters in the runoff, Kilicdaroglu had vowed to send back refugees and ruled out peace negotiations with Kurdish militants if he was elected.

Erdogan and pro-government media portrayed Kilicdaroglu, who received the backing of the country's pro-Kurdish party, as colluding with "terrorists" and supporting what they described as "deviant" LGBTQ rights.

In his victory speech, Erdogan repeated those themes, saying LGBTQ people cannot "infiltrate" his ruling party or its nationalist allies.

Erdogan transformed the presidency from a largely ceremonial role to a powerful office through a narrowly won 2017 referendum that scrapped Turkey's parliamentary system of governance. He was the first directly elected president in 2014 and won the 2018 election that ushered in the executive presidency.

Turkey earthquake: How are the true costs calculated?

Erdogan is now serving his second term as president under the executive presidency. He could run again for another term if parliament — where his ruling party and allies hold a majority — calls early elections. The number of terms was a point of contention ahead of the elections when critics argued Erdogan would be ineligible to run again since he had also held the office before the system change but he pointed to the constitutional amendments that brought in the executive presidency as justification.

The first half of Erdogan's tenure included reforms allowing the country to begin talks to join the European Union, as well as economic growth that lifted many out of poverty.

But he later moved to suppress freedoms and the media and concentrated more power in his own hands, especially after a failed coup attempt that Turkey says was orchestrated by the US-based Islamic cleric Fethullah Gulen. The cleric denies involvement.

Top News

Recep Tayyip Erdoğan / Turkey election / Turkey Earthquake / Turkey economy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • $4b Chinese loan deals face delay as Dhaka, Beijing struggle to agree terms
    $4b Chinese loan deals face delay as Dhaka, Beijing struggle to agree terms
  • Office of the Anti-Corruption Commission. File Photo: TBS
    ACC seeks info on 15yr banking irregularities; 3 ex-governors, conglomerates in crosshairs
  • CIA Director John Ratcliffe speaks during an interview at the White House in Washington, D.C., U.S., April 30, 2025. Photo: Reuters
    CIA says intelligence indicates Iran's nuclear programme severely damaged

MOST VIEWED

  • Bangladesh Bank. File Photo: Collected
    No financial liability for banks on imports under sales contracts: BB
  • Representational image. Photo: TBS
    2025 Global Liveability Index: Dhaka slips 3 notches, just ahead of war-torn Tripoli, Damascus
  • As distributors overcharge, govt plans to sell LPG directly to consumers
    As distributors overcharge, govt plans to sell LPG directly to consumers
  • For the first time, Shipping Corp to buy two vessels using Tk900cr of its own funds
    For the first time, Shipping Corp to buy two vessels using Tk900cr of its own funds
  • Screengrab from Thikana talkshow
    Jamaat ameer offers unconditional apology for all past wrongs, including during Liberation War
  • Representational image/Reuters
    Forex reserves rise to $22.24b with WB fund

Related News

  • Turkey's Erdogan says Israel attacks aimed to sabotage Iran nuclear talks
  • Erdogan to attend Turkey-Netherlands match on Saturday
  • Imamoglu, the Turkish mayor following in Erdogan's footsteps
  • Explainer - Turkey's local vote a test for Erdogan and rival Imamoglu
  • Turkey local election: Erdogan battles key rival

Features

Sujoy’s organisation has rescued and released over a thousand birds so far from hunters. Photo: Courtesy

How decades of activism brought national recognition to Sherpur’s wildlife saviours

14h | Panorama
More than half of Dhaka’s street children sleep in slums, with others scattered in terminals, parks, stations, or pavements. Photo: Syed Zakir Hossain

No homes, no hope: The lives of Dhaka’s ‘floating population’

1d | Panorama
The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

3d | Features
Graphics: TBS

Who are the Boinggas?

3d | Panorama

More Videos from TBS

What did Asif Mahmud say in response to Ishraq's statement?

What did Asif Mahmud say in response to Ishraq's statement?

11h | TBS Today
Iran-Israel ceasefire after 24 hours of violence

Iran-Israel ceasefire after 24 hours of violence

12h | Others
Halishahar beach emerges as a new tourist hotspot

Halishahar beach emerges as a new tourist hotspot

2h | TBS Stories
Who Benefits From The 12-day Iran-israel Conflict?

Who Benefits From The 12-day Iran-israel Conflict?

12h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net