The Turkish president will be sworn in for a new five-year term today at 14:00 noon, in the presence of foreign leaders Recep Tayyip Erdogan, who was re-elected last Sunday with a percentage of 52.16%. The Turkish president will then announce the composition of his new government.

In addition to around 20 heads of state attending the ceremony, according to the pro-government press, Ankara also confirmed the presence of NATO Secretary General Jens Stoltenberg.

Turkey, which has insisted on vetoing Sweden’s entry into the alliance for 13 months, is under pressure to change its stance until July’s NATO summit in Vilnius.

“Clear message to our Swedish friends: Respect your commitments (…) and take concrete measures to counter terrorism. The rest will follow,” Turkey’s current foreign minister tweeted on Thursday night Mevlut Cavusoglu.

Another hot topic is the list of ministers to be announced this evening, after the ceremony, which is set to give an idea of ​​the path Erdogan wants to take to turn around Turkey’s crisis-ridden economy.

For this difficult project, his name has been circulating for days Mehmet Simsek.

Former finance minister (2009-2015), then deputy prime minister in charge of the economy (until 2018), 56-year-old Simsek, a former economist at Merrill Lynch, will take it upon himself to restore some orthodoxy to the Turkish economy in order to regain investor confidence .

In addition to inflation, which is over 40% boosted by regular interest rate cuts, Turkey’s national currency, the lira, is in free fall, falling to 20.88 pounds to the dollar on Friday.

Conservatives

According to Turkish media, 20 heads of state and 45 foreign ministers will attend Erdogan’s swearing-in ceremony and partake in a dinner at the massive presidential palace built by the Turkish president.

Among them will be the president of Azerbaijan Ilham Aliyeva close ally of Erdogan, and the prime ministers of Hungary Viktor Orban and Qatar Mohammed bin Abdelrahman al Thaniwho were among the first to congratulate the Turkish president on his re-election.

The parliament elected on May 14 met for the first time yesterday Friday in Ankara: Erdogan’s Justice and Development Party (AKP) and its allies have a majority of 600 seats.

The conservatives have a strong position in parliament, both within the government, with the ultra-nationalist MHP, and in the opposition, with the Iyi Parti (Good Party).

Erdogan’s swearing-in is scheduled for 14:00 (local and Greek time) at the parliament seat. The Turkish president will then visit the mausoleum of the founder of the Turkish republic, Mustafa Kemal Atatürk, before the official ceremonies and the grand dinner.