Finance Ministry

Is the leeway the European Commission has given to Greece to increase public spending by 3 billion euros per year enough to cover the new support measures that will be included in 2025 budget?

Finance Minister Mehmet Şimşek is expected to meet with representatives of major business organizations to brief them on the government's work on a tax package.

The tax bill aims to improve efficiency in tax collection and establish a more equitable tax system.

The Financial Action Task Force's (FATF) decision to remove Türkiye from its "gray list" is likely to give a boost to inflow of foreign investments into the country, according to experts and analysts.

On June 28, FATF announced that it dropped Türkiye from the "gray list" of countries that require special scrutiny.

The number of protected, so-called "untrodden," beaches has been expanded by 40 to a total of 238, the Environment Ministry has said.

The international financial crime watchdog Financial Action Task Force (FATF) removed Türkiye from its "gray list" of countries that require special scrutiny on June 28.

"We succeeded," Turkish Treasury and Finance Minister Mehmet Şimşek wrote on X ahead of FATF's official announcement of Türkiye's removal - a long-awaited move that is expected to accelerate foreign investments.

The European Commission has set a ceiling for spending growth of 3-3.2% per year or about 3 billion euros for the next four years for Greece on the fiscal path it recommended, in view of the implementation of the new fiscal rules from 2025.

The Treasury and Finance Ministry has announced that videos in which minister Mehmet Şimşek was impersonated using artificial intelligence to give investment advice have been removed from social media following numerous complaints.

In a statement on June 26, the ministry highlighted the growing threat of AI fraud, emphasizing it as "one of the most significant dangers of our time."

Government spokesperson Pavlos Marinakis commented on Friday on the taxation of refineries announced by the National Economy and Finance Ministry on Thursday, saying the measure was "genuine" and not "communications-led" - unlike the proposals of the opposition - since the government had the data that was needed to calculate what the excess profits would amount to.

Making the reduced VAT rate for taxis - from 24% to 13% - permanent, as announced by the National Economy and Finance Ministry, "proves the government's willingness to actively support the sector of taxi drivers," Infrastructure and Transport Minister Christos Staikouras said on Thursday.

The National Economy and Finance Ministry announced on Thursday the imposition of a temporary solidarity contribution of 33% on the excess profits of refining companies based on their results for tax year 2023.