Turkish President Recep Erdogan said he would like to continue the work of the Black Sea Grain Initiative. He said this in Istanbul on Friday night to Saturday after talks with Ukrainian President Volodymyr Zelensky.
“In July 2022, we embodied the Black Sea Grain Initiative with our signatures in Istanbul as a result of the mediation efforts we had with the United Nations. On July 17, this initiative expires, during which about 33 million tons of grain were delivered to those in need in one year through the Turkish straits, which have become an artery for the whole world,” Erdoğan said.
“I wish this initiative to continue. I am convinced that all parties concerned will act with global responsibility for this purpose,” he said.
The Turkish president also noted that he would like the term of the grain corridor agreement to be extended to 2 years.
Turkish President Recep Tayyip Erdogan discussed the war in Ukraine in a telephone conversation with Ukrainian President Volodymyr Zelensky, the office of the Turkish head of state said.
According to the report, Erdogan proposed to create a commission with the participation of “experts from the warring parties, the UN and the international community, in particular Turkey, for a detailed investigation of the explosion at the Kakhovska hydroelectric dam.”
The Turkish leader also promised to do everything possible in this matter and said that it is possible to use the method of negotiations, as in the “grain corridor.”
“Stressing that it will not be possible to prevent humanitarian losses on a daily basis as long as conflicts continue, the idea of returning to negotiations must therefore dominate, and said he would resolutely continue his efforts to establish a just peace,” the report said.
Turkish President Recep Tayyip Erdogan’s swearing-in ceremony was held Saturday at the Turkish parliament.
“The swearing-in ceremony and inauguration of Turkish President Recep Tayyip Erdogan took place Saturday, June 3, at the Turkish parliament building in Ankara,” Anadolu Agency reported.
The ceremony was attended by representatives from 78 countries, including the heads of state and government of 20 countries.
Erdoğan, 69, was elected to a third presidential term – until 2028.
Later, Erdoğan will lay a wreath at the mausoleum of Mustafa Kemal Atatürk, the founder and first president of the Republic of Turkey. A luncheon in honor of the guests who arrived for the event is also planned.
On Saturday, Erdogan will also name a new Turkish cabinet.
Erdogan won the second round of the Turkish presidential election, which was held on May 28. According to data after processing 99.75% of ballots, Erdogan received 52.1% of the votes, while his opponent, opposition leader Kemal Kılıçdaroğlu, won 47.9%.
Earlier, a video on the Club of Experts channel analyzed the situation in Turkey after the elections. The full video can be seen at the link:
Turkish lira exchange rate on Monday once again updated its historic low against the U.S. dollar on the results of the presidential election.
The national currency is trading at 20.1004 lira/$1 from 19.9731 lira/$1 at the close of the previous session. Over the past twelve months, the lira has fallen in value by about 23 percent.
Analysts at Morgan Stanley predict that the Turkish currency rate could drop another 29% by the end of this year – to about 28 lira/$1 if the country’s current policies persist. The experts at Wells Fargo & Co. expect a decline to 23 liras/$1 by the end of the current quarter.
Meanwhile, the BIST 100 stock index jumped 4.1 percent in trading Monday to a two-week high. It has nearly doubled over the year (up 88.2%).
Leaders of the rise include companies that earn a significant portion of their revenues from abroad, including glass maker Sise ve Cam Fabrikalari (+6.2%) and Turkish Airlines (+3.3%).
The yield on Turkey’s ten-year government bonds is around 9% annually, the lowest level since January.
Current Turkish President Recep Tayyip Erdogan won the second round of presidential elections. In a speech after the announcement of his victory, he called on his fellow citizens to unite and work together for the good of the country, and promised to address urgent problems, in particular to deal with the effects of inflation.
Turkish President Recep Tayyip Erdogan said on Sunday that he had won the presidential election.
“Our nation has made a choice and once again empowered us to lead the country for another five years,” Erdogan said, addressing his supporters at a rally.
He thanked all Turkish citizens who voted for him.
The presidential election in Turkey is already being called the main election of 2023 in the world. The pre-election economic and political situation in Turkey was analyzed by the Club of Experts research center, watch the video with the Club’s experts here:
The presidential election in Turkey is already being called the main election of 2023 in the world. The pre-election economic and political situation in Turkey was analyzed by the research center of the Club of Experts, watch the video with the Club’s experts here:
The YouTube channel of the Kiev analytical center “Club of Experts” has released a new video in which the founder of the project, PhD in Economics Maksim Urakin and the editor-in-chief of the “Ukraine in Arabic” portal Mohammad Farajallah forecast the results of the upcoming second round of presidential elections in Turkey and also analyzed possible developments after the end of the vote.
According to the experts, the incumbent president Recep Tayyip Erdogan has much more chances to win than his rival, Kemal Kılıçdaroğlu, the leader of the united opposition. This prediction is due both to the behavior of the top politicians themselves before and after the first round of elections, as well as the position of third-place winner Sinan Ogan, who has already expressed his support for Erdoğan with 5 percent of the vote.
“Erdoğan conducted his election campaign well by not engaging in open polemics with the opposition on earthquake relief, democracy development and the economic situation. Instead, he focused voters’ attention on the themes of security and the “dignity of the nation” as well as Islamic identity. In addition, the increase in wages and the cancellation of utility bills on the eve of the election also played a role “- says Mohammad Farajallah.
According to the expert, these actions also helped Erdoğan win over nationalist forces, whose single candidate, Sinan Oğan, openly supported the incumbent president on the eve of the second round.
“The opposition, on the contrary, started to behave rather nervously after the first round, which was mainly reflected in Kemal Kilicdaroglu’s aggressive rhetoric with regard to the Syrian refugees who received Turkish passports under the social programs initiated by Erdogan,” he stressed.
In his turn, Maksim Urakin noted that Turkish voters were generally disappointed by Kylicdaroglu’s rhetoric as they expected concrete programs of economic and political actions from the opposition alliance after the elections.
“No specifics were heard from the opposition regarding social support for youth, the older generation, support for entrepreneurs and normalization of the situation in the economy,” says Maxim Urakin.
In his opinion, expectations of Kılıçdaroğlu’s victory already in the first round were somewhat “overheated” by a number of opinion polls, which predicted this candidate a serious advantage over Erdoğan (up to 5-7%), but were subsequently not confirmed at the elections themselves.
At the same time, according to experts, there is still a serious split among Turks with regard to the policy of the current president, and Erdoğan, if he wins the elections, will have to work hard to consolidate society within a single national consensus.
See more in the video on the Club of Experts channel at the link:
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ELECTIONS, ERDOĞAN, EXPERTS_CLUB, MOHAMMAD_FORPJALLAH, TURKEY
