AKP wins Turkish election

Turkey will see a fresh parliament after the ruling Justice and Development Party (AKP) won the elections there.

After a largely peaceful election day, the AKP received 46.6% of the overall vote, a margin of victory not seen since the 50's, reports the Turkish Daily News.

The main opposition party will continue to be the Republican People's Party (CHP), which gained 21% of the overall vote.

In addition, the Nationalist Movement Party (MHP) garnered 14.3% of the votes, giving it 71 seats in Turkish parliament.

Moreover, the Democratic Society party will now be able to form a group in parliament after the individual election of 25 candidates.

Overall 14 parties ran in the election along with 700 independent candidates, for the 5-year parliamentary terms, the paper reported.

In related news, Turkish businesses flourished in 2006, with good levels of growth posted in the year, according to the Istanbul Chamber of Industry.

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