Mehmet
UAE delegation visits Ankara to discuss investments
A delegation from the United Arab Emirates (UAE) has recently held talks in the Turkish capital to discuss investment opportunities ahead of President Recep Tayyip Erdoğan's expected visit to the Gulf nation.
Eskişehir governor appointed as police chief
Erol Ayyıldız, the governor of the Central Anatolian province of Eskişehir, has been appointed to the position of General Director of Police.
According to the decision, Ayyıldız was chosen to fill the vacant post following the appointment of former police chief Mehmet Aktaş as deputy interior minister.
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Central Bank moves to increase market mechanisms’ functionality
Türkiye's Central Bank has announced a measure aimed at simplifying its micro and macroprudential framework.
In a statement released on June 25, the bank recalled that the Monetary Policy Committee (MPC) said following the rate-setting meeting on June 22 that the existing micro and macroprudential framework would be gradually simplified, guided by impact analyses.
Business circles welcome rate hike decision
Leaders of business associations have welcomed the Central Bank's move to hike its policy rate sharply by 650 basis points, calling it a step taken toward ensuring price and financial stability.
The Central Bank on June 22 increased its one-week repo auction rate from 8.5 percent to 15 percent. This has been the first rake hike since March 2021.
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Erdoğan appoints new deputy ministers
President Recep Tayyip Erdoğan has finalized the appointment of 68 deputy ministers to serve in the newly formed cabinet following the May 14 elections.
The appointment decision, signed by Erdoğan, was published in the Official Gazette on June 22.
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VP Yılmaz, Finance Minister Şimşek visit UAE
Vice President Cevdet Yılmaz, Treasury and Finance Minister Mehmet Şimşek have traveled to the United Arab Emirates for a one-day working visit.
The duo will hold a series of meetings and will meet with President Sheikh Mohammed bin Zayed Al Nahyan to discuss cooperation opportunities between the two countries, said the Turkish Presidency's Communications Directorate.
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Eyes on Turkish Central Bank for rate decision
Türkiye was widely expected today to raise interest rates to fight inflation.
The central bank is expected to change course and raise rates on Thursday after President Recep Tayyip Erdoğan appointed a former Wall Street executive to head the institution following his re-election last month.
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Central Bank’s rate-setting meeting to be held this week
All eyes will be on the Central Bank this week when the Monetary Policy Committee (MPC) is set to meet on June 22 to decide about the policy rate.
Divers damage shipwreck off Kemer
Visitors diving at the area a sunken French warship, "Paris 2," located off the southern province of Antalya are causing damage by taking pieces from the ship as souvenirs.
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Foreign investors keeping eye on economic policies
Foreign investors and Türkiye watchers are keeping a close eye on the steps the new economic team will take in the period ahead.
There are expectations that portfolio inflows in to the country may increase depending on the messages sent out by those at the helm of the economy management.
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