Mehmet

Türkiye has a credible, robust program to bring inflation down, Finance Minister Mehmet Şimşek said, stressing that the monetary policy course correction "is largely done."

Turkish Finance Minister Mehmet Şimşek has reiterated that the country is aiming for better ties with the European Union, stressing the process will benefit both sides.

Business leaders have voiced support for the measures announced by the government aimed at reining in spending and boosting efficiency in the public sector, saying that the package will contribute to the fight against inflation.

The savings package was unveiled by Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek on May 13.

The decline in the annual current account deficit, which has been continuing for eight months, is the success of the economic program, Finance Minister Mehmet Şimşek has said.

The annualized current account deficit declined by $25.8 billion in March compared with June 2023, Şimşek said, commenting on the latest balance of payments data the Central Bank unveiled on May 13.

Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek have unveiled savings measures package aimed at increasing efficiency in the public sector.

The measures have three main pillars: Public savings, discipline in the budget spending and efficiency in public investments, Şimşek said at a press conference in Ankara.

Located in the courtyard of the Kocadon Hotel in Bodrum, the MYK Denizden Restaurant by Chef Mehmet Yalçınkaya is open all year round. The meticulous attention to detail by Chef Mehmet is evident in every aspect of the restaurant. I still remember the delectable dry aged fish and soft-shell blue crabs served there.

A series of measures designed to boost public savings will be announced on May 13, Treasury and Finance Minister Mehmet Şimşek has said, without providing other details.

Şimşek has been saying for some time that the authorities have been working on steps to be taken to increase public savings.

As part of cost-saving measures implemented in the ministries and other official institutions, 69 police officers responsible for the protection of senior officials in the Interior Ministry have been relieved of their duties, and two security vehicles assigned to Minister Ali Yerlikaya have been withdrawn.

Credit rating upgrades by major rating companies show that "we are on the right track," Treasury and Finance Minister Mehmet Şimşek has said, referring to the economic program the government is implementing.

Türkiye's annual inflation will begin to decline sharply "in line with our predictions" after it reaches peak in May, Finance Minister Mehmet Şimşek has said.

His remarks came after the data from the Turkish Statistical Institute (TÜİK) showed on May 3 that the annual inflation rate accelerated from 68.5 percent in March to 69.8 percent in April.