Turkish Finance Minister, Erdogan’s Son-In-Law, Resigns Post

November 9, 2020

ANKARA — Turkey's finance minister and son-in-law to President Recep Tayyip Erdogan announced his resignation on social media Sunday.

Berat Albayrak said on Instagram that he was stepping down from his post for health reasons and would spend more time with his family.

Albayrak, 42, was appointed minister of finance and treasury in July 2018, having previously been energy minister for nearly three years.

His resignation follows the dismissal over the weekend of central bank chief Murat Uysal and his replacement by former Finance Minister Naci Agbal.

"I decided not to continue my duty as a minister after five years in office due to health problems," Albayrak said. "I will spend time with my mother, father, wife and children, whom I have neglected for many years out of necessity and who have never spared me their support."

The resignation was confirmed by officials at the Finance Ministry, broadcaster HaberTurk reported, although it was unclear if it would be accepted by Erdogan.

In April, Interior Minister Suleyman Soylu resigned on Twitter, only to withdraw the announcement within hours after Erdogan refused to accept it.

Albayrak, who has four children with Erdogan's daughter Esra, has presided over a rough period in the Turkish economy. The country was recovering from a currency crisis in 2018 when the coronavirus pandemic hit and Albayrak's stewardship came under much criticism.

Before entering politics, Albayrak worked for Calik Holding, rising to CEO in 2007.

He became a lawmaker for Erdogan's Justice and Development Party, or AKP, in 2015 and was shortly after appointed energy minister. According to some analysts, he was being groomed by Erdogan to be the president's eventual successor.

Timothy Ash, an emerging markets analyst at BlueBay Asset Management, questioned whether Albayrak's health was the real reason for him quitting and suggested a "purge of Albayrak and his team."

Ash added that Albayrak's close relationship with Jared Kushner, U.S. President Donald Trump's adviser and son-in-law, was no longer important to Erdogan following Trump's defeat in the U.S. election


ATHENS - Dissidents who left the SYRIZA-Progressive Alliance over the new leadership of Stefanos Kasselakis are set to form a new parliamentary group with an eye toward creating a new leftist party to challenge him.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Teen Girls are Being Victimized by Deepfake Nudes. One Family is Pushing for More Protections

A mother and her 14-year-old daughter are advocating for better protections for victims after AI-generated nude images of the teen and other female classmates were circulated at a high school in New Jersey.

CARACAS, Venezuela (AP) — Venezuelans are voting in a referendum Sunday to supposedly decide the future of a large swath of neighboring Guyana that their government claims ownership of, arguing the territory was stolen when a north-south border was drawn more than a century ago.

CEDAR RAPIDS, Iowa (AP) — Former President Donald Trump on Saturday attempted to turn the tables on his likely rival in November, President Joe Biden, arguing that the man whose election victory Trump tried to overturn is “the destroyer of American democracy.

NANTES, France (AP) — A supporter from Nantes died on Saturday following a fight that took place before the club's 1-0 win over Nice in the latest outbreak of violence to mar French soccer this season.

VATICAN CITY (AP) — For a second Sunday, an ailing Pope Francis skipped his popular window appearance to the public in St.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.