Over the weekend, President Erdoğan and his new Cabinet started working toward the “Century of Türkiye.” The Turkish leader has many items on his diplomatic agenda – as the number of world leaders congratulating him and attending his inauguration ceremony suggests. Over the following years, Türkiye will promote peace, stability and cooperation in its neighborhood, consolidate its continent-wide initiatives and strive toward a more just world order.

At the height of his political power, Erdoğan will make improvements to the presidential system in an attempt to consolidate it. Adopting a holistic approach to all parts of politics, he will try to take bold steps and launch new initiatives in Türkiye.

The results of last week's Turkish election runoff came in sooner than anticipated. By 7pm in Istanbul (4pm GMT), it was clear that incumbent President Recep Tayyip Erdogan had won another term in office with a little over 52 percent of the vote.

The most common question on most minds nowadays would probably be the concern regarding how Türkiye is planning to bring inflation down and prop up the Turkish lira. Furthermore, why won’t policymakers raise interest rates like the U.S. Federal Reserve (Fed) or the European Central Bank (ECB)?

President Erdoğan has received 52.18% of the vote, while his rival Kılıçdaroğlu received 47.82%. Thus, President Erdoğan has won over 10 elections – including presidential elections, parliamentarian elections, local elections and referendums – that he entered since 2002. This is a record-high number in the history of modern Türkiye, which made Erdoğan the longest-serving statesman in the history of the Turkish Republic.

Turkish foreign policy is faced with the task of preserving the gains it has made in various critical issues, from Libya to Azerbaijan, Ukraine to the Eastern Mediterranean, while improving economic relations with Europe, increasing effectiveness within NATO, and managing the impacts of global power shifts.

Before the first-round election on May 14, many people supposed President Recep Tayyip Erdoğan’s long-standing winning streak would be broken. This belief was fueled by high inflation and the devastating earthquakes that had occurred just three months before the elections. Nonetheless, the outcomes of the first-round election contradicted the predictions of almost all polls, leading to historic results that surprised many.

Sunday’s election in Türkiye ended with yet another victory for President Recep Tayyip Erdogan. The outcome did not catch any close followers of Turkish politics by surprise.