Türkiye held historic presidential elections, delivering a clear mandate for stability as President Recep Tayyip Erdoğan received the majority of votes in the runoff round on May 28 and became president under the new two-round presidential election system used for the first time in Turkish democracy.
The results will positively impact Türkiye's investment climate as President Erdoğan's election victory will help implement further reforms and provide a more coherent investment environment.
“EVERY SINGLE ONE OF OUR 85 MILLION CITIZENS HAS WON TODAY"
Addressing citizens at the Presidential Complex in Ankara following the elections, President Recep Tayyip Erdoğan said, “The winner of the election is the whole of our 85 million citizens. We had pledged to win in such a manner that no one would lose. Therefore, the only winner is Türkiye today."
The challenges posed by recent price increases owing to inflation, as well as solutions to compensate for welfare losses will be the most pressing issues on the table in the upcoming days, according to President Erdoğan. “Confidence and stability are two crucial notions. We will continue our path and build a strong economy administration on the pillars of these notions. We are designing a finance administration with an international reputation and a production economy focused on investment and employment," President Erdoğan said.