Turkey's Erdogan suffers election blow but vote sparks hope for change [CNBC]
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Source: CNBC
Turkey's Erdogan suffers election blow but vote sparks hope for change People celebrate the victory of mayoral candidate Ekrem Imamoglu of the Republican People’s Party (CHP) after Binali Yildirim of the ruling Justice and Development Party (AKP), who was favored by President Recep Tayyip Erdogan, conceded his defeat in the rerun of the mayoral election on June 23, 2019 in Istanbul, Turkey. Burak Kara | Getty Images News | Getty Images A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has dealt a big political blow to President Recep Tayyip Erdogan and prompted hopes for economic and political change. Ekrem Imamoglu, the candidate for the main opposition Republican People's Party (CHP), won 54% of the vote, Turkey's Anadolu news agency reported, while Binali Yildirim, the candidate for Erdogan's ruling Justice and Development Party (AKP), received around 45% of the vote. Investors have reacted positively to the election result
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