The post of Finance Minister got his son-in-law Berat Albayrak.
"If we see market-friendly names being appointed (to the cabinet) we might see an even more positive response for the lira and the opposite is true as well", said Inan Demir, senior emerging markets economist at Nomura International.
"Erdogan, 64, says a powerful executive presidency is vital to drive economic growth, ensure security after a failed 2016 military coup and safeguard Turkey from conflict across its southern border in Syria and Iraq". To his opponents, it is one-man rule and the death of Turkish democracy. Rather than tightening lending policies, Erdogan, who has referred to himself as an "enemy of interest" rates, is promoting fast economic growth, according to CNBC.
Erdogan has been in power for 15 years, first as prime minister, and then as president, from 2014. An adviser to Erdogan later said that the governor's term would remain at five years. It does not, however, spell out who would be responsible for future appointments or what the new term limit on the central bank's top job would be. "Both are about the main political choices of the government regarding how Turkey integrates with the outer world and how these choices will help it fix its broken image in the eyes of the global community", Demirtas said.
Under the new executive presidential system, the Cabinet will be reduced from 26 to 16 while the Prime Minister's office will be abolished.
Albayrak's surprise switch from the energy ministry spooked financial markets, who were also unhappy to see there was no room for outgoing deputy prime minister Mehmet Simsek, the government's pointman on the economy.
"Nothing can be regarded as positive on this one", said Edwin Gutierrez, the head of emerging markets sovereign debt at Aberdeen Standard Investments.
That change takes away one of the last checks on the president's power, Duke University professor of economics and political science Timur Kuran told The Media Line. But he's also overseen a strong economy and he has built up considerable support across the country.
The introduction of the new presidential system marks the biggest overhaul of governance since the republic was established on the ruins of the Ottoman Empire almost a century ago.
Next Sunday is the second anniversary of a failed coup attempt in which 250 people were killed and 1,400 wounded.
He says the changes, the biggest overhaul of governance since the modern Turkish republic was founded from the ruins of the Ottoman Empire nearly a century ago, are needed to drive economic growth and guarantee security.
The president can issue decrees, prepare the budget and has the power to impose a state of emergency.
This angers that fan even more and she continues booing and says that she has only come for the show to see Salman Khan . They form a barrier between Katrina and the woman, who appears to be accompanied by several others in her protest.
After dominating the first half, it seemed that England was on course to their first World Cup final since 1990. Quick as a flash, he picked up his camera and took some remarkable close-up shots of the Croats' joy.
Both of those accords were the result of years of painstaking diplomacy by European leaders - and Trump unilaterally trashed them. The first Labour Live event has been organised by the Labour Party. "We don't know when". "It seems so un-American".
Kim Jong Un put potatoes ahead of Mike Pompeo during a U.S. visit to agree denuclearisation details, state media has suggested. Instead, North Korea appears as though it's conducting business as usual.
There will be twin 12 megapixel sensors, one telephoto and one wide-angle, supplemented by a 16 megapixel ultra-wide-angle camera. This feature isn't completely new to Samsung since it launched on the mid-range Galaxy A8 and Galaxy A8 + late a year ago .
Royal fanatics have speculated that Kate Middleton paid a secret tribute to Princess Diana at the christening of Prince Louis . The 92-year-old monarch has a busy week ahead, marked by a visit from US President Donald Trump in Windsor on Friday.
In Blomkamp's words, "He (Rhodes) has added elements that are pretty awesome, to a sequel that was set in the world of Verhoeven". The director says that he agreed to do the new project because he loved the first movie so much when he was a kid.
Papa John's issued an apology after the November 1 conference call distancing itself from Schnatter's comments. That comment and others disturbed multiple people on the call, Forbes' source said, according to the report.
Kathimerini claims that the Russian side tried to intervene in the Balkans issues the Greeks regard as particularly sensitive. It marks a rare downturn in diplomatic relations between Athens and Moscow, who have shared close ties for decades.
Thailand Cave Rescue Successfully Concluded
The 12 boys, all part of a youth soccer team, went missing with their 25-year-old coach more than two weeks ago. He also thanked the King and the Royal family for extending their support during times of crisis, like these.
Brent Rises on Continued Libya Outage
Oil prices were falling Wednesday following the announcement by the Trump administration of new tariffs on Chinese goods. On Wednesday, the contract slumped 6.9 percent in its largest one-day percentage decline since February 9, 2016.
Out of 13 Rescued from Flooded Cave in Thailand
It could be at least seven days before they can be released from hospital, Mr Jesada told a news conference. Doctors were being cautious because of the infection risk and were isolating the boys in the hospital.
Thailand cave rescue: First pics of boys in hospital
Hospital director Chaiwetch Thanapaisal told a news conference that the boys would have to stay in hospital for up to 10 days. A Thai government official says all 12 boys and their coach are doing well after their rescue from the Tham Luang cave.
Lawyer: Stormy Daniels arrested at OH strip club
Daniels, whose real name is Stephanie Clifford, has said she had sex with Donald Trump in 2006, when he was married. Stormy Daniels lawyer Michael Avenatti broke some news late Wednesday night involving the arrest of his client.