There is a two-term limit on the office of the president, so he could effectively stay in power until 2028.
After the swearing-in ceremony, Mr Erdogan visited the mausoleum of the founder of the Turkish Republic, Mustafa Kemal Ataturk before proceeding to the Presidential Complex to make his inaugural speech.
"Albayrak becoming the finance minister is not a good sign especially because of his close relationship with President Erdogan".
"Turkey is entering a new era with the presidential oath ceremony on Monday", Erdogan told his ruling AK Party at the weekend.
Erdogan will face immediate and major challenges in his second term, posed by an imbalanced fast-growing economy and foreign policy tensions between the West and Turkey, a North Atlantic Treaty Organisation member.
Emre Erdogan, professor of political science at Istanbul's Bilgi University, said the parliament's powers were "highly restricted" under the new system.
Erdogan appointed his son-in-law as Turkey's finance minister on Monday hours after taking his oath of office.
Amy Adams inspired by Reese Witherspoon
There are epic performances in the thrilling Sharp Objects , but the HBO TV show also has some unexpected surprises in store. Amy Adams delivers a powerful performance as the disturbed, yet resilient Camille.
President Recep Tayyip Erdogan of Turkey has expressed satisfaction and pride over the strengthening of Moroccan-Turkish bilateral ties.
Prime Minister Binali Yildirim now goes down in history as the 27th and final holder of the post in Turkey. Erdogan has described the consolidation as a means to eliminate governmental inefficiency, and his base views his consolidation of authority as a deserved outcome for a leader who has instilled Islamic values in public life, according to Reuters. The Turkish lira dropped three percent on the news, but rebounded slightly on Tuesday.
On the eve of Monday's inauguration authorities dismissed more than 18,000 state employees - majority from the police and army - in what the government said would be the final decree under emergency rule imposed following a failed 2016 coup.
The lira currency, which has been battered this year by concerns about President Tayyip Erdogan's drive for greater control over monetary policy, declined after the changes were published. As head of the executive branch, Erodgan will have the power to issue decrees with the force of law, prepare the budget subject to parliament's approval, dissolve parliament and call for new presidential and parliamentary elections, and appoint high-level officials, including ministers and some top judges. "In other words, Turkey will be an institutionalized autocracy".
Erdogan said he would publicize his cabinet picks later on Monday. In 2016, a coup to depose him failed.
"For the cabinet appointments in the past several years, the most important issue has been the presence of the current deputy prime minister, Mehmet Simsek", said Inan Demir, a senior economist at Nomura International.
The Turkish president also kept Mevlut Cavusoglu in place as foreign minister and named Fuat Oktay, a former Turkish Airlines executive, as vice president. Inflation surged last month above 15 per cent, its highest level in more than a decade, even though the central bank has raised interest rates by 5 percentage points since April.
The UK's first road signs which will electronically detect and warn drivers who are using mobile phones have been introduced. People using their phones while driving will be getting warning messages if they do so in Norfolk.
Cave rescue experts have said they consider an underwater escape to be a last resort, especially with people untrained in diving. Soldiers arrive outside the Tham Luang cave complex in the northern province of Chiang Rai , Thailand , July 8, 2018.
Cambridge Analytica used data from millions of Facebook accounts to help Donald Trump's 2016 presidential election campaign. The watchdog also plans to bring criminal charges against Cambridge Analytica's defunct parent company SCL Elections.
Even though this Joker pic is happening, Warner Bros.is still developing another one with Jared Leto in the role. The film has been in development for some time, with Phoenix reportedly in talks for months.
He was also not part of the one-day global squad which will play a five-match series against Zimbabwe starting Friday. Shehzad has played 13 tests, 81 ODIs, and 57 Twenty20s for Pakistan, and has centuries in all three formats.
Since the release of Drake's latest LP Scorpion , the Canadian artist has dominated the tops spots of the Billboard Music charts. Looking at the entirety of the list, Drake brings 27 songs onto the July 14-Hot 100. "Nonstop" grabbed the top spot.
The first ones were modestly sized, a far cry from the huge dinosaurs of the subsequent Jurassic and Cretaceous Periods. Scientists previously believed that giant dinosaurs didn't come into existence until 25 million years later.
Because scientists have discovered more about a process that allows some spiders to "fly" without the aid of wings. And after the spiders became airborne, their altitude can be directed by turning the electric field on and off.
Kyle Walker: Raheem Sterling is a defender’s nightmare
Sterling and co face Croatia on Wednesday evening, with the victor facing either France or Belgium in the final on Sunday in what is now an all-European affair, the third time this will have happened in four tournaments.
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The New York Jets sit at the bottom of the barrel with a rating of 72, slightly behind the Arizona Cardinals and New York Giants. Emmanuel Sanders and Demaryius Thomas all earned the second-best rating on the team with an 88 overall.
US PGA Championship to move from August to May in tour revamp
The TPC Boston, meanwhile, will rotate with a New York-area course every other year for the opening FedEx Cup playoff event. Key to the changes was the PGA Championship moving from August to May, and The Players Championship returning to March.
Harry and Meghan due in Dublin for two-day visit
She let her hair hang loose around her face, with a side parting while she opted for a natural makeup look. Royal fans will remember Emilia criticized Meghan's wedding dress (via Daily Mail ).
Cristiano Ronaldo pens farewell letter to Real Madrid fans
Ronaldo's transfer breaks Juventus' previous record, breaking the £75.3m they paid for Gonzalo Higuain from Napoli in 2016. In accordance with the request expressed by Cristiano Ronaldo , the club has agreed to a transfer deal with Juventus .