Mehmet Şimşek

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.

Representatives from more than 120 Saudi companies will visit Türkiye to discuss investment and cooperation opportunities.

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.

President Recep Tayyip Erdoğan will travel to the United Arab Emirates and Egypt on historic visits both for regional and bilateral reasons amid the continued Israeli massacres against the Palestinian civilians in Gaza.

Τhe work to tame inflation in Turkey - namely through interest rate hikes - will continue "with determination," the country's new central bank chief said Thursday, offering some certainty about efforts to right the battered economy following his precedessor's surprise resignation.

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.