Monday, October 6, 2025

Latest

Continuing the Erdogan Era: Turkish President Wins Re-Election for a Third Decade

Turkish President Recep Tayyip Erdogan clinched a third term in a reelection over the weekend, overcoming the challenges posed by high inflation and the aftermath of a devastating earthquake.

With over 99% of the votes tallied, Erdogan won with a 52% majority against his rival, Kemal Kilicdaroglu. This victory extends Erdogan’s already two-decade long rule amidst growing authoritarian tendencies. During his victory speeches in Istanbul and Ankara, Erdogan thanked the nation and expressed hopes of living up to their trust for another five years.

He cast off the election divisions, claiming that the only winner is Turkey. Despite his public promise to bridge the divide, he continued to criticize Kilicdaroglu and the imprisoned former co-mastermind of the pro-Kurdish party, associating them with terrorism.

While Erdogan’s government stirred controversy by vetoing Sweden’s NATO membership and buying Russian missile-defense systems, it also helped facilitate a deal that allowed Ukrainian grain shipments, preventing a global food crisis. Erdogan’s third term was welcomed by world leaders like Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. US President Joe Biden expressed his eagerness to continue cooperation as NATO allies.

However, Erdogan’s government faces criticism for causing rampant inflation and delayed response to a deadly earthquake. Erdogan promises that rebuilding the affected cities and resettling Syrian refugees to Turkish-controlled zones in Syria, with Qatar’s help, are his priorities.


Information for this briefing was found via the Associated Press. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Turkey Moves to Stabilize Markets After Opposition Leader’s Arrest

Turkish financial authorities enacted emergency measures Sunday to shore up markets following last week’s arrest...

Monday, March 24, 2025, 12:51:00 PM

Turkey’s Musical Chairs: Erdogan Appoints Former Executive of Failed First Republic Bank as Central Bank Chief

Just when you thought the Turkish Lira couldn’t possibly plummet any lower… In the latest...

Saturday, June 10, 2023, 01:29:00 PM

Gaziantep, Turkey Hit By 7.8M Earthquake, Significant Damage Reported

A major earthquake has hit Turkey this evening near the city of Gaziantep, a city...

Sunday, February 5, 2023, 09:24:09 PM

Algorithm Czars and Prediction Market Traps: How Tech Profits from Election Season

As the 2024 U.S. presidential election approaches, concerns are mounting over two powerful, often opaque...

Sunday, November 3, 2024, 09:25:00 AM

‘Cold Turkey’: Turkish Banks Quit Russian Payment Platform Mir

A couple of Turkish bank have stopped using Russia’s Mir payment system in their respective...

Tuesday, September 20, 2022, 11:36:00 AM