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Economy / Turkey

Turkey

January 2012 | Risk Summary

The Turkish President, Abdullah Gul, gave his approval on January 25 to new legislation which stipulated the expiry of his term in office in 2014. While this law will render the president's current term as seven years in length, subsequent presidents will serve only five-year terms. With Turkey in the midst of formulating a new constitution, there have been reports that Prime Minister Recep Tayyip Erdogan could seek to increase the powers of the presidency. By then potentially running for the office of president in 2014 (before his term as prime minister ends) Erdogan could maintain a major influence in

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