Mehmet

The Treasury and Finance Ministry is set to tighten its grip on the alcoholic beverage sector through intensified tax inspections.

Treasury and Finance Minister Mehmet Şimşek announced the move through social media, emphasizing the government's commitment to comprehensive sectoral audits.

Members of the Turkish Central Bank's Monetary Policy Committee (MPC) are set to meet on Nov. 21 to decide about the key interest rate.

Most economists expect the bank to keep its policy rate, the one-week repo auction rate, unchanged for the eighth straight month at 50 percent.

Türkiye and China signaled to deepen their mutually beneficial collaboration, with Ankara believing that such partnership will help nurture peace, prosperity, and stability on a regional and global scale.

Finance Mehmet Şimşek will travel to Beijing to attend the second meeting of the Türkiye-China Intergovernmental Cooperation Committee (ICC), the highest-level consultation mechanism between the two countries.

The mayors of the southeastern provinces of Mardin and Batman and Şanlıurfa's Halfeti district have been removed from office, with trustees appointed in their place, the Interior Ministry announced on Nov. 4.

The annual inflation rate further slowed from 49.38 percent in September to 48.58 percent in October, the lowest rate since July 2023, according to data from the Turkish Statistical Institute (TÜİK) on Nov. 4.

Consumer prices advanced 2.88 percent last month, easing from 2.97 percent in September.

President Recep Tayyip Erdoğan is poised for a busy month of diplomacy, with several high-profile summits and meetings with world leaders on the agenda.

Erdoğan is set to open in November by addressing a session of the Organization of Islamic Cooperation's Standing Committee for Economic and Commercial Cooperation on Nov. 4 in Istanbul.

Finance Minister Mehmet Şimşek has praised the credit rating upgrade from S&P as a testament to the success of the government's economic program.

Treasury and Finance Minister Mehmet Şimşek welcomed Standard & Poor's (S&P) decision to raise Türkiye's credit rating, highlighting the country's unique achievement of receiving two-notch upgrades from three major credit rating agencies this year.

During archaeological excavations in Van's Tuşba district, a basalt stone statue weighing nearly one ton, dating back to the Urartian period, was uncovered in an area that was subjected to a rescue excavation last year.