President Hosni Mubarak said he will step down at the end of his term in September, angering many Egyptians who want an immediate end to his 30-year rule.
Following is reaction from around the world:
US PRESIDENT BARACK OBAMA:
"What is clear and what I indicated tonight (Tuesday) to President Mubarak is my belief that an orderly transition must be meaningful, it must be peaceful and it must begin now.
"To the people of Egypt, particularly the young people of Egypt, I want to be clear: We hear your voices. I have an unyielding belief that you will determine your own destiny and seize the promise of a better future for your children and your grandchildren."
STATEMENT FROM OFFICE OF FRENCH PRESIDENT NICOLAS SARKOZY:
"After President Mubarak's speech, the president (Sarkozy) reiterates his wish to see a concrete transition process start without delay in response to a desire for change and renewal so strongly expressed by the population.
"He calls on all Egyptian authorities to do everything to ensure that this crucial process takes place without violence."
GERMAN FOREIGN MINISTER GUIDO WESTERWELLE:
"Yesterday President Mubarak announced he would not run for another term -- that frees the way for a political new beginning. People want democratic change and they want it now. It must be a change toward democracy. Not a change that begins sometime (in the future), but one which begins now."
BRITISH PRIME MINISTER DAVID CAMERON
"The transition needs to be rapid and credible and it needs to start now. The more they can do with a timetable to convince people that it's true, the more I think the country can settle down to a stable and more democratic future."
EU FOREIGN AFFAIRS CHIEF CATHERINE ASHTON:
"The EU is calling for an orderly transition through a broad-based government leading to a genuine process of substantial democratic reform with full respect of the rule of law, human rights and fundamental freedoms.
"Unfortunately, the appointed new cabinet does not constitute such a broad-based representative government."
TURKISH PRIME MINISTER TAYYIP ERDOGAN:
"It is very important to get over this period with a temporary administration. People expect Mubarak to take a much different step ... the current administration fails to give confidence for beginning an atmosphere of democracy within a short period of time."