Erdogan Vows Commitment to Economic Policy Amid Investor Unease

Investors have fretted about the heightened political risk and possible shift away from the policies adopted since Erdogan’s reelection in mid-2023. — Investors have fretted about the heightened political risk and possible shift away from the policies adopted since Erdogan’s reelection in mid-2023.
Photographer: Oliver Bunic/Bloomberg

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By Firat Kozok and Beril Akman

March 24, 2025 at 4:08 PM UTC

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Turkish President Recep Tayyip Erdogan pledged his commitment to the investor-friendly economy policies he embraced in 2023, blaming the opposition for market volatility spurred by the detention of his biggest rival.

“We will never allow the gains we have made from the economy program implemented in the last two years to be harmed,” Erdogan said in televised remarks after a cabinet meeting on Monday. “Our institutions have both the authority and the will to ensure healthy market mechanisms.”