Cevdet Yılmaz

The economic program will continue to be implemented with determination after the local elections, Vice President Cevdet Yılmaz has said, dismissing speculations that the government may change course on economic policies after the polls.

Inflation in Türkiye was higher than expected in January and February due to various reasons, but will gradually lose momentum in March, according to Vice President Cevdet Yılmaz.

The fight against inflation remains the government's priority, Vice President Cevdet Yılmaz has reiterated, voicing optimism that inflation will gradually come down as predicted in the medium-term program.

Vice President Cevdet Yılmaz has traveled to the U.K. to hold meetings with internatational investors. 

On Feb. 27, Yılmaz attended an event, titled "2024 Outlook on Investments and Private Capital Going Public in Türkiye and Environs" organized by the London Stock Exchange and Globalturk Capital where he met with international investors.

Türkiye should attract more investments and tourists from China to address the trade imbalance between the two countries, Vice President Cevdet Yılmaz has said.

Türkiye's current account deficit is likely to continue to decline in the months to come, Vice President Cevdet Yılmaz has said.

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.

Vice President Cevdet Yılmaz attended the Türkiye-Kyrgyzstan 11th Joint Economic Commission (JEC) meeting with Akılbek Caparov, Chairman of the Cabinet of Ministers of Kyrgyzstan, and signed the 11th Term JEC Protocol on Friday.

This year's first Economy Coordination Board (EKK) meeting has been held, with regulations on crypto currencies topping the agenda.

Members of the board met on Jan. 22, chaired by Vice President Cevdet Yılmaz, to discuss the latest developments in the Turkish and global economy.

Pensions will be increased by a total of 42.6 percent for the first six months of 2024, President Recep Tayyip Erdoğan has announced.

The government will offer an extra 5 percent increase in wages for retired people and bring the minimum pension amount to 10,000 Turkish Liras ($332) from a previous 7,500 liras.