Nureddin Nebati

Turkey presses strained retailers for price freezes ahead of elections

Turkey's unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period.

Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead of usual March after grocers had done the same.

It is right time for retailers to freeze prices: Minister

Supermarkets are now able freeze or reduce prices on consumer goods as market conditions  only recently allowed them to do so, Treasury and Finance Minister Nureddin Nebati has said.

Last year saw pandemic-related costs and developments such as elevated oil and natural gas prices, Nebati told daily Hürriyet in an interview.

Gov’t unveils large financing support for businesses

Treasury and Finance Minister Nureddin Nebati has unveiled details of 250 billion Turkish Liras ($13 billion) in financing support to be provided to businesses under the Credit Guarantee Fund (KGF).

The support will be given under 14 packages to a wide range of businesses, including manufacturing companies, women entrepreneurs, exporters, private schools and real estate firms.

Turkey announces cheaper mortgages for mid-income Turks

Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday.

Nebati told a news conference the mortgage loans with amount up to 5 million lira ($266,823), will have up to 15 years maturity and rates will start from 0.69%.

Gov’t to announce housing project for mid-income group

The government is preparing to unveil the details of a housing project for middle-income groups.

The project will be announced on Jan. 4 at a press event in Ankara to be attended by Treasury and Finance Minister Nureddin Nebati and Environment Minister Murat Kurum, according to the statement from the Environment and Climate Change Ministry.