Mehmet

Rule-based and predictable economic policies will continue after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has reiterated.

"We have clearly laid out the policies we will implement in our medium-term program," the minister wrote on the social media platform X on Feb. 27.

Türkiye has successfully completed technical studies to be removed from the Financial Action Task Force's (FATF) gray list, Treasury and Finance Minister Mehmet Şimşek has said.

The process will be finalized with an on-site assessment to be conducted in June, the minister wrote on X, formerly Twitter.

The current economic policies will continue to be implemented after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has said.

Türkiye will hold local elections on March 31.

The Treasury and Finance Ministry has started to collect information from tenants in order to accurately determine rental income.

The ministry, which sent letters to tenants asking for a meeting about rents, has now told tenants, "You do not need to come to the ministry, you can fill out a form online."

Conventional policies will be employed to curb inflation, Finance Minister Mehmet Şimşek has said, reiterating that there will be a steep fall in inflation in the second half of 2024.

Türkiye aims to increase bilateral trade volume up to $30 billion in the medium term, Vice President Cevdet Yılmaz said, adding that Türkiye may welcome more tourists from Saudi Arabia.

Housing supply will be boosted in order to tame increases in rent prices and support the fight against inflation, Treasury and Finance Minister Mehmet Şimşek has said.

The devastating twin earthquakes in early February last year affected not only buildings but also the economy of southern Türkiye.

Before the earthquakes, Adıyaman's economy was based on two main pillars: Agriculture and livestock, and textile factories, which accounted for almost 90 percent of the city's industry. Food, construction and building materials were also produced.

Eyes will be on Fatih Karahan, who took the helm of the Turkish Central Bank last week, as he is set to present the banks' first quarterly inflation report of 2024 on Feb. 8.

Türkiye's annual inflation rate increased from 64.77 percent in December last year to 64.86 percent in January, the data from the Turkish Statistical Institute (TÜİK) showed on Feb. 5

The month-on-month consumer price inflation, which has been declining since August last year reserved course last month, but this was widely anticipated.