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
 Jul 23 2016 - Scottsdale, Arizonas AC by J is Part of Daikin Industries Expansion into N. American AC MarketMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Scottsdale, Arizona, ...

 Jul 23 2016 - Morocco's inflation rate grows to 2.3 percentMENAFN
(MENAFN) Morocco's annaul consumer inflation increased to 2.3 percent in June from 1.9 percent in May, due to higher food prices.On the other hand, annual food inflation jumped to 4.4 percent from ...

 Jul 23 2016 - Saudi's Modon signs 6.000 deals at USD160bnMENAFN
(MENAFN) The Saudi Industrial Property Authority (MODON) signed more than 6,000 industrial, logistic and services deals for investments that surpasses USD160bn.Additionally, factories in the ...

 Jul 23 2016 - Qatar's exports from Brazil touch USD122.15mnMENAFN
(MENAFN) Brazil's exports to Qatar for the first half of this year reached USD122.15mn, accounting for 2.33 percent.Moreover, meat, sugar, cereals, ores, slag and other miscellaneous grain seeds and ...

 Jul 23 2016 - Rakhi.primogiftsindia.com Offering Heart Winning Selections for Online Rakhi &'Rakhi Gifts!MENAFN Press
(MENAFN Press) Rakhi.primogiftsindia.com is a name reckoned widely for its extensive range of trendy and attractive Rakhis and heart winning Rakhi gifts. In fact, it is one of the reliable online ...

 Jul 22 2016 - Global Water-Soluble Fertilizers Market Has Been Forecasted to Reach USD 15.30 Billion by 2020MENAFN Press
(MENAFN Press) The global water-soluble fertilizers market has been forecasted to reach a value of USD 15.30 billion by 2020 at a CAGR of 5.6%. The market is primarily driven by the increasing ...

 Jul 22 2016 - Established Cardiothoracic Surgeon, Khaled Abdelhady, MD, FRCS, FACS, will be Recognized in Latest Edition of The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Chicago, Illinois The International Association of HealthCare Professionals is pleased to welcome Khaled Abdelhady, MD, FRCS, FACS, Cardiothoracic Surgeon, to their prestigious ...

 Jul 22 2016 - Elite Radiologist, Charif Abdul Rahman Sidani, MD, to be Spotlighted in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Miami, Florida The International Association of HealthCare Professionals is pleased to welcome Charif Abdul Rahman Sidani, MD, Radiologist, to their prestigious organization with ...

 Jul 22 2016 - Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022MENAFN Press
(MENAFN Press) Advanced Driver Assistance Systems (ADAS) Market to Reach $89.09 billion with 21.7% CAGR Forecast to 2022 Global Advanced Driver Assistance Systems (ADAS) Market 2015 Analysis and ...

 Jul 22 2016 - Organic Silicon 2016 World Market Opportunities and Forecasts to 2021MENAFN Press
(MENAFN Press) Organic Silicon 2016 World Market Opportunities and Forecasts to 2021 Global and Chinese Organic Silicon Industry, 2016 Market Research Report PUNE, INDIA, July 22, 2016 ...

more...


 





Google

 
 

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