Mehmet
Historic Edirne Palace dock set to be unearthed
The dock of Edirne Palace, constructed by Ottoman Sultan Mehmet the Conqueror in 1452 along the Tunca River, is set to be unearthed.
Renovations of Edirne Palace, overseen by the National Palaces Department, continue as part of broader restoration efforts. As part of this work, excavation is also underway along the Tunca River, where the palace dock is located.
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New medium-term program sees 3.5 percent growth this year
Türkiye's economy is expected to grow by 3.5 percent this year before the GDP expansion accelerates to 4 percent in 2025 and 4.5 percent in 2026, according to the government's medium-term economic program revealed on Sept. 5.
Turkish economy expands by 2.5 percent in second quarter
The Turkish economy grew by 2.5 percent in the second quarter of 2024, cooling from a revised 5.3 percent expansion recorded in the January-March period, data from the Turkish Statistical Institute (TÜİK) have shown.
"We have left behind a difficult period in which we significantly reduced vulnerabilities," Finance Minister Mehmet Şimşek commented on the growth data.
Traces of ancient settlement discovered in eastern mound
Traces of a settlement dating back about 6,000 years have been found during excavations at Değirmenler Mound in the eastern province of Erzurum.
Starting on July 1, the two-month excavation in the area has uncovered settlement layers, human and animal bones, and ceramics, which are being analyzed.
Finance Ministry to publish names of major tax debtors
Treasury and Finance Minister Mehmet Şimşek has stated that his ministry will release the names of taxpayers with outstanding tax liabilities and penalties amounting to 5 million Turkish Liras ($146,750) or more to the public.
August annual consumer inflation seen at 55.2 pct: Survey
Türkiye's annual inflation rate is expected to decrease to 55.2 percent in August, down from 61.78 percent in July, according to an Anadolu Agency poll of economists.
The survey found that the monthly inflation rate is projected to be 2.64 percent for August, a decrease from 3.23 percent in July.
The economists' forecast for year-end annual inflation is 42.84 percent.
Türkiye’s foreign trade deficit plunges 42 percent in July
Türkiye's foreign trade deficit declined by 41.8 percent year-on-year in July to $7.3 billion as exports rose and imports dwindled, data from the Turkish Statistical Institute (TÜİK) have shown.
Exports amounted to $22.5 billion last month, increasing 13.8 percent from July 2023, but imports plunged 7.8 percent annually to $29.8 billion, TÜİK said on Aug. 28.
Ministry identifies 700,000 tax evaders in rental income sweep
In a sweeping effort to combat tax evasion, Türkiye's Treasury and Finance Ministry has identified approximately 700,000 taxpayers who failed to declare their rental income, despite being reminded to do so.
The crackdown comes as a part of a broader initiative to reduce informality in the economy and ensure tax compliance across the country.
Authorities probe false rumors about Şimşek’s resignation
Turkish authorities are investigating social media posts that falsely claimed that Finance Minister Mehmet Şimşek had resigned.
Last week rumors emerged alleging that Şimşek intended to tender his resignation but was pursued to remain in office.
Türkiye becoming center of attraction for global investments
Türkiye is poised to become a major hub for global investments, particularly attracting international carmakers with various projects and production programs launched in recent years.
Türkiye aims to increase its share of global foreign direct investments (FDI) to 1.5 percent by 2028, Finance Minister Mehmet Şimşek has said.