Erdogan to be sworn in for third term as Turkish president | The Business Standard
Skip to main content
  • Latest
  • 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
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
July 14, 2025

Sign In
Subscribe
  • Latest
  • 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
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JULY 14, 2025
Erdogan to be sworn in for third term as Turkish president

Politics

BSS/AFP
03 June, 2023, 11:00 am
Last modified: 03 June, 2023, 11:05 am

Related News

  • In video, jailed PKK leader Ocalan says armed struggle with Turkey over
  • Turkey blocks X's Grok chatbot for alleged insults to Erdogan
  • Türkiye Defence Industries secretary meets army chief
  • Bangladesh & WEU inks MoU to promote traditional sports
  • US envoy expects Trump, Erdogan to resolve arms sanctions on Turkey this year: Anadolu

Erdogan to be sworn in for third term as Turkish president

BSS/AFP
03 June, 2023, 11:00 am
Last modified: 03 June, 2023, 11:05 am
urkey's President Tayyip Erdogan attends a meeting with Russia's President Vladimir Putin (not pictured) on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS
urkey's President Tayyip Erdogan attends a meeting with Russia's President Vladimir Putin (not pictured) on the sidelines of the 6th summit of the Conference on Interaction and Confidence-building Measures in Asia (CICA), in Astana, Kazakhstan October 13, 2022. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS

President Recep Tayyip Erdogan is set to be sworn in on Saturday as head of state after winning a historic runoff election to extend his two-decade rule for another five years as Turkey's economic woes worsen.

The inauguration in parliament will be followed by a lavish ceremony at his palace in the capital Ankara attended by dozens of world leaders.

Turkey's transformative but divisive leader won the 28 May runoff against a powerful opposition coalition, and despite an economic crisis and severe criticism following a devastating February earthquake that killed more than 50,000 people.

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

Erdogan won 52.18 percent of the vote while his secular rival Kemal Kilicdaroglu 47.82 percent, official results show.

Turkey's longest-serving leader faces immediate and major challenges in his third term driven by a decelerating economy and foreign policy tensions with the West.

"From a geopolitical point of view, the election will reinforce Turkey's recent pursuit of an independent foreign policy," said Matt Gertken, chief geopolitical strategist at BCA Research.

"This policy aims to extract maximum economic and strategic benefits from eastern and autocratic states while still preventing a permanent rupture in relations with western democracies," he said.

"Tensions with the West will likely increase again, within that framework, now that Erdogan has a new mandate."

Biting economy

Addressing the country's economic troubles will be Erdogan's first priority with inflation running at 43.70 percent, partly due to his unorthodox policy of cutting interest rates to stimulate growth.

Late on Saturday the president is due to unveil his new cabinet with media speculating that former finance minister Mehmet Simsek, a reassuring figure with international stature, could play a part.

A former Merrill Lynch economist, Simsek is known to oppose Erdogan's unconventional policies.

He served as finance minister between 2009 and 2015 and deputy prime minister in charge of the economy until 2018, before stepping down ahead of a series of lira crashes that year.

"Erdogan's government looks like it will pursue an orthodox stabilisation programme," said Alp Erinc Yeldan, professor of economics at Istanbul's Kadir Has University.

"What we see now is that the news about Mehmet Simsek and his team is greeted with enthusiasm by the markets," he told AFP.

Turkey's new members of parliament started being sworn in on Friday in a first session after the May 14 election, also attended by Erdogan.

His alliance holds a majority in the 600-seat parliament.

Erdogan's victory came against a unified opposition coalition led by Kilicdaroglu, whose future as leader of the CHP party remains in doubt following the defeat.

NATO chief visits

NATO allies are anxiously waiting for Ankara to green-light Sweden's drive to join the US-led defence alliance, before a summit in July.

Erdogan has been dragging his feet in approving the application, accusing Stockholm of sheltering "terrorists" of the outlawed Kurdistan Workers' Party (PKK) which is listed as a terror group by Ankara and its Western allies.

NATO chief Jens Stoltenberg will attend Erdogan's inauguration at the weekend and hold talks with him, the alliance said Friday.

Sweden's foreign minister Tobias Billstrom said on Twitter that "a clear message" emerged at a NATO meeting in Oslo for Turkey and Hungary to start the ratification process.

His Turkish counterpart Mevlut Cavusoglu responded: "A crystal clear message to our Swedish Friends! Fulfil your commitments arising from Trilateral Memorandum & take concrete steps in the fight against terrorism.

"The rest will follow."

Top News / World+Biz

Tayyip Erdogan / Turkey

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

  • TBS Sketch
    Framework agreement: What experts say about US 'security concerns' regarding Bangladesh
  • Representational image. Photo: Mohammad Minhaj Uddin/TBS
    Navy-run Dry Dock takeover boosts Ctg Port container handling, daily avg up 7%
  • BNP Secretary General Mirza Fakhrul Islam Alamgir speaks at a book unveiling event in Dhaka on 13 July 2025. Photo: Collected
    Fakhrul alleges conspiracy to eliminate Tarique from politics

MOST VIEWED

  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying with girlfriend: RAB
  • Bangladeshi garment workers make clothing in the sewing section of a factory in Gazipur, Bangladesh, April 9, 2025. Photo: REUTERS/Mohammad Ponir Hossain/File Photo
    Some Walmart garment orders from Bangladesh on hold due to US tariff threat
  • Infographic: TBS
    Dollar price plummets by Tk2.9 in a week as demand wanes
  • From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
    From Gulf to Southeast Asia, why Bangladeshis are facing visa denials
  • Bangladesh and US hold tariff talks on 11 July 2025. Photo: CA Press Wing
    Dhaka, Washington yet to agree on 20% of US tariff conditions: BGMEA
  • Energy Adviser Fouzul Kabir Khan speaking about tariff negotiations with United States on 13 July 2025. Photo: TBS
    US wants a framework agreement with Bangladesh that includes their security concerns: Fouzul

Related News

  • In video, jailed PKK leader Ocalan says armed struggle with Turkey over
  • Turkey blocks X's Grok chatbot for alleged insults to Erdogan
  • Türkiye Defence Industries secretary meets army chief
  • Bangladesh & WEU inks MoU to promote traditional sports
  • US envoy expects Trump, Erdogan to resolve arms sanctions on Turkey this year: Anadolu

Features

Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

13h | Brands
The 2020 Harrier's Porsche Cayenne coupe-like rear roofline, integrated LED lighting with the Modellista special bodykit all around, and a swanky front grille scream OEM Plus for the sophisticated enthusiast looking for a bigger family car that isn’t boring. PHOTO: Ahbaar Mohammad

2020 Toyota Harrier Hybrid: The Japanese Macan

1d | Wheels
The showroom was launched through a lavish event held there, and in attendance were DHS Motors’ Managing Director Nafees Khundker, CEO Imran Zaman Khan, and GMs Arman Rashid and Farhan Samad. PHOTO: Akif Hamid

GAC inaugurate flagship showroom in Dhaka

1d | Wheels
After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

2d | Panorama

More Videos from TBS

When the Threat Is Inside the White House

When the Threat Is Inside the White House

7h | Others
Shooting in Pallabi: What the police are saying

Shooting in Pallabi: What the police are saying

9h | TBS Stories
News of The Day, 13 JULY 2025

News of The Day, 13 JULY 2025

11h | TBS News of the day
Countries where Bangladeshis are not getting positive responses to their visa applications

Countries where Bangladeshis are not getting positive responses to their visa applications

10h | TBS Stories
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