Mehmet

Inflation is likely to exceed the target at the end of 2024 but will decline to 27 percent in April next year, Finance Minister Mehmet Şimşek has said.

Finance Minister Mehmet Şimşek has voiced confidence that inflation will continue to decline and that targets will be met.

In an interview with private broadcaster NTV on Oct. 15, Şimşek noted that inflation peaked in May but declined by 26 points since then.

Türkiye recorded a current account surplus of $4.32 billion in August, according to data from the Central Bank on Oct. 11.

This marked the largest current account surplus since 2019 and was in line with market expectations.

The economic program the government is implementing is working, Finance Minister Mehmet Şimşek has said, adding that growing interest in Türkiye is an indication that "we are on the right track."

The Treasury and Finance Ministry has initiated an investigation into athletes with substantial earnings who have failed to declare their income, examining the earnings of 1,900 individuals across various sports disciplines.

As part of a broader wave of tax audits, the ministry has now shifted its attention to professional athletes.

Treasury and Finance Minister Mehmet Şimşek will pay a visit to Qatar and Kuwait to hold talks with officials and meet with investors, state-run Anadolu Agency has reported.

On the first leg of his tour of two Gulf nations, Şimşek traveled to Qatar.

Some $2.3 billion in external financing have been secured to be  extended to small- and medium-sized enterprises (SME) this year through Eximbank and development banks, Finance Minister Mehmet Şimşek has said.

Türkiye is "open for business and dialogue," Turkish Treasury and Finance Minister Mehmet Şimşek announced on Wednesday, emphasizing the nation's benefits from post-pandemic supply chain diversification and its comprehensive reform program to boost competitiveness, productivity, and potential growth.

Türkiye's largest technology and space event Teknofest, slated to take place in the southern province of Adana for the first time, is anticipated to host approximately 1.5 million science enthusiasts.

The high level of interest in the technological event caused hotels in the city and the neighboring provinces to fill up quickly, resulting in a boost to the local economy.

The U.K. ambassador to Ankara, Jill Morris, commended Türkiye's healthcare sector as "very robust" on Thursday, highlighting the potential for collaboration between the U.K. and Türkiye.

Her comments came during an event hosted by the Turkish Foreign Economic Relations Board (DEIK), the Health Business Council, and the U.K. Consulate General in Istanbul.