Mehmet Şimşek

The trade relations between Türkiye and the United States have entered a new era, says Mehmet Ali Yalçındağ, chairman of the Türkiye-U.S. Business Council (TAİK).

The positive developments in political relations in the past summer and the positive signals given for the period ahead bolstered expectations that the bilateral trade will accelerate, Yalçındağ said.

President Recep Tayyip Erdoğan has given his "full" support to the new economic policy, Treasury and Finance Minister Mehmet Şimşek has said.

Şimşek and Central Bank Governor Hafize Gaye Erkan met with journalists at a briefing on the government's new medium-term program in the capital Ankara.

Consumer prices rose more than expected in August, bringing the annual inflation rate from 47.8 percent in July to 58.9 percent, according to data from the Turkish Statistical Institute (TÜİK).

"We are absolutely determined to fight inflation," Treasury and Finance Minister Mehmet Şimşek said after TÜİK released the data on Sept. 4.

Treasury and Finance Minister Mehmet Şimşek has dismissed claims that the Central Bank intervened in foreign exchange rates by selling its reserves.

The Treasury and the Central Bank are working to make Turkish Lira instruments more attractive, Şimşek wrote on X, formerly known as Twitter.

Türkiye's economy grew by a more-than-expected 3.8 percent in the second quarter of 2023 from a year ago, the data from the Turkish Statistical Institute (TÜİK) have shown.

Establishing price stability remains the top priority for the government, read a statement released after a meeting of the Economy Coordination board, adding that members of the board also discussed details of the key medium-term program to be announced later this year.

Finance Minister Mehmet Şimşek has welcomed the latest tourism numbers, saying that tourism revenues will help reduce the current account deficit.

"Tourism is booming! Türkiye welcomes a remarkable 7.1 million foreign visitors in one month, marking the best July in history," Şimşek wrote on X, formerly known as Twitter.

The Turkish central bank announced today a surprisingly large increase in its main interest rate - by 7 and a half percentage points to 25 percent.

The number of Togg vehicles on Türkiye's roads has exceeded 2,000, Technology and Industry Minister Mehmet Fatih Kacır has said.

Türkiye's first indigenous electric carmaker delivered more cars in the first half of August than it did in the whole of July, Kacır wrote on social media platform X, formerly known as Twitter.

Özgür Özel, a potential contender for the chairmanship of the main opposition Republican People's Party (CHP), has expressed his alignment with Istanbul Mayor Ekrem İmamoğlu to promote a shared vision for change within the party.