Political Risk

Turkey’s Ruling Party Loses Majority in Election

“Turkey’s ruling Islamist party lost its June 7 parliamentary election, its first parliamentary election lost since it came to power in 2002. The Justice and Development Party (AKP) won 40.8 percent of the national vote after 98.3 percent of the votes have been counted at 1:00 a.m. local time. That vote earns the AKP about 258 seats, 19 short of simple parliamentary majority of 276 seats in the country’s 550-seat legislature.”

Source: Turkey’s Ruling Party Loses Majority in Election

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