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Erdogan dismisses Trade Minister
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Turkey appoints family, labor, trade ministers
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Erdogan Fires Trade Minister After Allegations of Nepotism Bloomberg 1 hr ago Firat Kozok © AFP via Getty Images Turkish Trade Minister Ruhsar Pekcan gives a press conference following her meeting with US Secretary of Commerce n Ankara, on September 10, 2019.
(Bloomberg) Turkish President Recep Tayyip Erdogan fired his trade minister in an attempt to mitigate the damage from growing accusations of widespread nepotism in the government.
Ruhsar Pekcan was sacked on Wednesday with a midnight decree by Erdogan after she allegedly favored her husband’s company in government tenders. The president named Mehmet Mus, a parliamentary whip of his ruling AK Party, as her replacement.
Turkey - Factors to Watch on April 21 Reuters 2 hrs ago
ANKARA, April 21 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.
The lira closeed at 8.1245 on Tuesday.
The main BIST 100 share index fell 0.87% to 1.365,27 on Tuesday.
GLOBAL MARKETS
Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil.
ERDOGAN PROGRAMME
President Tayyip Erdogan will address members of his ruling AK Party in parliament (0900 GMT). He will then representatives from the tourism sector (1030 GMT) and virtually participate to the opening ceremony of a hospital (1300 GMT).
UPDATE 1-Erdogan replaces Turkish trade minister, forms two new ministries Reuters 2 hrs ago
(Adds details, background)
ISTANBUL, April 21 (Reuters) - President Tayyip Erdogan appointed a prominent member of Turkey s ruling AK Party, Mehmet Mus, as trade minister on Wednesday and split the Family, Labour and Social Policies Ministry into two ministries.
In a presidential decree Ruhsar Pekcan was replaced as trade minister by Mus, who has been a lawmaker for Erdogan s AK Party since 2011 and served as the party s deputy chairman in charge of the economy.
The decree, published in the Official Gazette, gave no reason for the change, but it comes after opposition politicians accused Pekcan s ministry of buying supplies from her family-owned company and called on her to resign.
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