Mehmet

The Turkish parliament has formed a commission of inquiry to investigate a health care scandal involving the deaths of newborns that are linked to fraudulent admissions to intensive care units.

The case centers on a scheme that allegedly exploited the country's social security system through fraudulent admissions of infants into intensive care units.

Türkiye has sealed agreements with the World Bank amounting to $1.9 billion in financing for four different projects to be implemented in the country.

The deals were inked on the first day of Finance Minister Mehmet Şimşek's visit to the U.S., where he attends the G20 and World Bank meetings.

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

Inflation is likely to exceed the target at the end of 2024 but will decline to 27 percent in April next year, Finance Minister Mehmet Şimşek has said.

Finance Minister Mehmet Şimşek has voiced confidence that inflation will continue to decline and that targets will be met.

In an interview with private broadcaster NTV on Oct. 15, Şimşek noted that inflation peaked in May but declined by 26 points since then.

Türkiye recorded a current account surplus of $4.32 billion in August, according to data from the Central Bank on Oct. 11.

This marked the largest current account surplus since 2019 and was in line with market expectations.

The economic program the government is implementing is working, Finance Minister Mehmet Şimşek has said, adding that growing interest in Türkiye is an indication that "we are on the right track."

The Treasury and Finance Ministry has initiated an investigation into athletes with substantial earnings who have failed to declare their income, examining the earnings of 1,900 individuals across various sports disciplines.

As part of a broader wave of tax audits, the ministry has now shifted its attention to professional athletes.

Treasury and Finance Minister Mehmet Şimşek will pay a visit to Qatar and Kuwait to hold talks with officials and meet with investors, state-run Anadolu Agency has reported.

On the first leg of his tour of two Gulf nations, Şimşek traveled to Qatar.

Some $2.3 billion in external financing have been secured to be  extended to small- and medium-sized enterprises (SME) this year through Eximbank and development banks, Finance Minister Mehmet Şimşek has said.