Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Turkey's PM announces new government  Join our daily free Newsletter

MENAFN - Arab News - 30/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) ANKARA: Turkey's new government with PM Ahmet Davutoglu at the helm wasted no time in the formation of the newly-minted Cabinet which was announced less than 24 hours after the handover ceremony at the presidency

Davutoglu reappointed all key ministers who served under the new President Recep Tayyip Erdogan setting a course of continuity for the new government.

Davutoglu who took over Erdogan's former job announced a ministerial line-up little changed from Erdogan's Cabinet with only four new names.

The most notable appointment was that of Mevlut Cavusoglu to the post of foreign minister taking over the post that Davutoglu had himself held since 2009.

Erdogan who has dominated Turkish politics for over a decade was sworn in as Turkey's first popularly elected president on Thursday. He has picked former foreign minister and loyal ally Davutoglu to succeed him as prime minister and immediately asked him to form a new government.

Erdogan has indicated he wants to transform the presidency from a largely ceremonial post into a more powerful position. He has said he would exercise the president's seldom-used powers such as calling and presiding over Cabinet meetings which would allow him to be involved in the running of government.

Davutoglu made no substantial changes to Erdogan's old government with the bulk of his ministers staying in place. He appointed Yalcin Akdogan Erdogan's formechief adviser and his closest aide as a deputy prime minister.


Former diplomat Volkan Bozkir replaces Cavusoglu as the minister in charge of ties with the EU.

Ali Babacan a respected deputy prime minister in charge of the economy would stay in place in a move that is likely to reassure financial markets. Numan Kurtulmus a senior party official and economist was also promoted to deputy prime minister.

Cavusoglu a US- and British-educated founding member of Erdogan's Justice and Development Party was previously the president of the parliamentary assembly of the 47-nation Council of Europe an organization that promotes human rights and democracy in the continent.

A figure seen as reassuring for the US and the EU many will want Cavusoglu to rebalance Turkish foreign policy which was condemned in some quarters for over-ambition under Davutoglu.

Press reports had suggested the head of Turkey's intelligence service Hakan Fidan as a possible new foreign minister.

Former president Abdullah Gul a former close comrade and co-founder of the ruling Justice and Development Party (AKP) appears now to have fallen out with the feisty Erdogan and will play no role in the new government.

But key economic figures Ali Babacan and Mehmet Simsek keep their respective posts as deputy prime minister and finance minister a move set to reassure markets which see them as guarantors of good economic policy under the AKP.

 


Arab News




  MENA News Headlines
 Feb 12 2016 - Egypt logs 16.5pct drop in non-oil exports over 2015MENAFN
(MENAFN) Egypt's non-petroleum exports saw a 16.5 percent decline in value throughout the previous year as opposed to 2014, based on recent reports.Based on Egypt's General Authority for Export and ...

 Feb 12 2016 - UAE's new theme park's expenditure hits USD1.5bMENAFN
(MENAFN) Set to open its doors this Oct. the all new Dubai Parks and Resorts along with its land has had its overall project expenditure hit USD1.5 billion at the end of last year as opposed to much ...

 Feb 12 2016 - ACWA Power to collect USD8b debt in H1MENAFN
(MENAFN) ACWA Power, the Saudi-based power generation and desalinated water production plants' operator, intends to raise USD8 billion of debt over the first six month of the current year, according ...

 Feb 12 2016 - Spain dismantles falcon trafficking ring destined for UAE racesThe Peninsula
(MENAFN - The Peninsula) (file photo / Reuters ) Madrid: Spanish police said Thursday they had dismantled an international ring that smuggled falcons to the United Arab Emirates where ...

 Feb 12 2016 - Russia raises spectre of world war if nations fail to negotiate over SyriaThe Peninsula
(MENAFN - The Peninsula) Russian Prime Minister DmitryMedvedevchairs a meeting with ministers and top officials on social and economic policy in Moscow on February 10 2016. REUTERS ...

 Feb 12 2016 - Germany offers 500 mln euros in credits to IraqThe Peninsula
(MENAFN - The Peninsula) German Chancellor AngelaMerkel(L) and Iraqi Prime Minister Haider al-Abadi shake hands at a joint press conference after meeting at the Chancellery in Berlin on February 11 ...

 Feb 12 2016 - Russia claims US planes bombed Syria's AleppoThe Peninsula
(MENAFN - The Peninsula) Stalls are seen on a street beside damaged buildings in the rebel held al-Shaar neighborhood of Aleppo Syria February 10 2016. REUTERS Moscow:Russia's defence ...

 Feb 12 2016 - Erdogan threatens to send refugees to EU as NATO steps inThe Peninsula
(MENAFN - The Peninsula) Syrian people wait in front of the Oncupinar crossing gate to go back to Syria near the town of Kilis in south-central Turkey on February 11 2016. AFP Ankara:Turkish ...

 Feb 12 2016 - Qatar- LNG deal 'key to Pakistan's prosperity'The Peninsula
(MENAFN - The Peninsula) Pakistan Prime Minister Nawaz Sharif addressing members of the Pakistani community at the Four Seasons hotel yesterday. Pic: Abdul Basit / The Peninsula DOHA: ...

 Feb 12 2016 - Qatar- Emir visits Al Qassar Metro Station projectThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani is briefed on the project by Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti. Doha: Emir H H Sheikh Tamim ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help