Mehmet Şimşek

Turkish government bonds are becoming more attractive following the Central Bank's monetary policy adjustment in recent months, BNP Paribas has said in a recent report.

Policy rates and local deposit rates have already adjusted sufficiently to provide positive ex-ante real rates versus inflation expectations, it said.

Investor confidence will be further strengthened and foreign fund inflows into Türkiye will accelerate, Finance Minister Mehmet Şimşek has said.

The government does not mull adding new assets to the privatization portfolio, Treasury and Finance Minister Mehmet Şimşek has said.

The government aims to achieve a more balanced, inclusive and sustainable high growth level, Treasury and Finance Minister Mehmet Şimşek has said, also vowing to reinstate fiscal discipline.

Monetary and fiscal policies will be used in the fight against inflation, according to the statement released after the Economy Coordination Board (ECB) meeting.

The board, chaired by Vice President Cevdet Yılmaz, convened on Oct. 30.

The bilateral trade volume between Türkiye and Germany is expected to surpass $50 billion at the end of this year, top Turkish officials have said.

Germany's Economic Affairs and Climate Protection Minister Robert Habeck and an accompanying delegation were in Türkiye this week for high-level talks.

Habeck met with Finance Minister Mehmet Şimşek and Trade Minister Ömer Bolat.

Concerns about Türkiye's economic program are misplaced, Treasury and Finance Minister Mehmet Şimşek has said, reiterating that the economic team has the backing of President Recep Tayyip Erdoğan.

"Türkiye is back with a new program and a new team. Political uncertainties are out of the way," Şimşek told a panel at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.

Treasury and Finance Minister Mehmet Şimşek has embarked on a new tour of Gulf countries, including the United Arab Emirates (UAE), Qatar and Saudi Arabia, in a drive to attract foreign investments.

Şimşek visited the Gulf nations earlier this year after he took the helm at the Turkish economy again following the May elections.

The government's priority is to fight inflation, Treasury and Finance Minister Mehmet Şimşek has said, noting that revenue and expenditure policies that would restore fiscal discipline are being implemented.

The World Bank has confidence in the policies of Türkiye's new economic team, says Humberto Lopez, the bank's country director, adding that the economic outlook for the Turkish economy will improve in mid-2024.

Earlier in September, the global lender decided to more than double its funding for Türkiye to $35 billion over the next three years.