Prime minister

Deputy Prime Minister Ali Babacan has called on top members of the country’s economy management to meet on Sept. 2 to discuss short- and medium-term policies amid lingering questions regarding the future of the Cabinet.

President-elect Recep Tayyip Erdoğan unsurprisingly nominated Foreign Minister Ahmet Davutoğlu as his successor as prime minister on Aug. 21, but the move has failed to end an internal argument between the ruling Justice and Development Party’s (AKP) veteran executives and relative newcomers.

Serbia is in difficult position, says minister

BELGRADE -- Zorana Mihajlović has said that Serbia is in a difficult position, because the country wants to have partners "both in East and in West."

The cabinet minister and official of the ruling SNS party added that "economic development and a stable government" is what is most important for Serbia.

Outgoing President Abdullah Gül became the first of a series of officials to congratulate Ahmet Davutoğlu after the foreign minister was nominated as a successor as prime minister to President-elect Recep Tayyip Erdoğan.

Turkish Prime Minister and President-elect Tayyip Erdoğan announced Foreign Minister Ahmet Davutoğlu as his successor in the ruling Justice and Development Party (AK Parti) on Aug. 21, after a four-hour executive board meeting at the party headquarters in Ankara.

The future of economy ministers has been a key concern for investors since the presidential elections, but expectations for the team to retain their posts have strengthened in the past few days Investors’ eyes have been closely searching for clues regarding the structure of the new Cabinet, expected to be announced today by President-elect Recep Tayyip Erdoğan, but concerns over the

The name of the next prime minister of the Republic of Turkey will become clear after an Aug. 21 meeting of the ruling Justice and Development Party (AKP), chaired by President-elect and outgoing Prime Minister Recep Tayyip Erdoğan, a senior Cabinet member said on Aug. 20.

Investors’ eyes have been closely searching for clues regarding the structure of the new Cabinet, expected to be announced today by President-elect Recep Tayyip Erdoğan, but concerns over the possible removal of key stabilizing figures have been partially eased with recent statements from senior ruling party officials.

The Republic of Turkey does not legally have a government at the moment because the prime minister’s position drops after being elected president, Nationalist Movement Party (MHP) leader Devlet Bahçeli has suggested.

Turkish stocks and the lira have weakened, in line with emerging market peers, as investors awaited policy signals from the U.S. Federal Reserve.

That overshadowed optimism that key economic ministers would remain in a new Turkish cabinet.