Mehmet

Following Turkish shooters Şevval İlayda Tarhan and Yusuf Dikeç winning silver medals at the Paris Olympics, with Dikeç gaining viral fame on social media for his laid-back shooting style, interest in the sport has significantly increased in the country.

The government will soon introduce practices to streamline bureaucratic processes for taxpayers, Treasury and Finance Minister Mehmet Şimşek has announced.

Şimşek said the Revenue Administration is working on a series of draft communiqués that will provide convenience to taxpayers, and the drafts will soon be made public for input and opinions.

The foreign financing package for Türkiye worth $2.5 billion is at the final phase for signing, Finance Minister Mehmet Şimşek has said.

Investors and analysts will carefully listen to what the Central Bank has to say about inflation dynamics and the course of its monetary policy going forward when Governor Fatih Karahan unveils the bank's quarterly Inflation Report on Aug. 8.

The report will include the bank's inflation forecasts for this year and next.

The current course of inflation is in line with their projections, Finance Minister Mehmet Şimşek has said.

"We believe that we will close the year with an inflation rate of around 40 percent," Şimşek said in an interview on Aug. 6 with private broadcaster A Haber.

Türkiye's annual consumer inflation significantly cooled to a nine-month low of 61.78% this July, below economists' forecasts, according to official data released on Monday.

Headline inflation decreased for the second consecutive month in July from 71.60% in June, the Turkish Statistical Institute (TurkStat) data showed.

The Turkish tax inspection authority has imposed a record fine of 6 billion Turkish Liras ($181.2 million) on a tobacco manufacturer over unreported revenue as part of a major audit into large taxpayers by the Treasury and Finance Ministry.

President Recep Tayyip Erdoğan has pledged that Türkiye will take decisive measures against "expansionist ambitions" to ensure regional stability and security.

With the approved loan of $600 million, the amount of financing provided by the World Bank for Türkiye in 2024 is close to $3.7 billion, Treasury and Finance Minister Mehmet Şimşek has announced.

Tax authorities are keeping a close eye on tax payments of large companies, the Treasury and Finance Ministry has said in a statement.