Cevdet Yılmaz

President Recep Tayyip Erdoğan is poised for a busy month of diplomacy, with several high-profile summits and meetings with world leaders on the agenda.

Erdoğan is set to open in November by addressing a session of the Organization of Islamic Cooperation's Standing Committee for Economic and Commercial Cooperation on Nov. 4 in Istanbul.

The medium-term program has removed policy uncertainties and improved predictability, Vice President Cevdet Yılmaz has said.

The government unveiled the updated medium-term program, which covers 2025-27 last week.

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.

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

The government is working on measures to increase public sector savings, Vice President Cevdet Yılmaz has said.

The Finance Ministry and the presidency of strategy and budget authority are carrying out studies on public sector savings, with more than 15 articles being worked upon, and they will be implemented, Yılmaz told reporters after the cabinet meeting earlier this week.

Pensions will be increased by a total of 42.6 percent for the first six months of 2024, President Recep Tayyip Erdoğan has announced.

The government will offer an extra 5 percent increase in wages for retired people and bring the minimum pension amount to 10,000 Turkish Liras ($332) from a previous 7,500 liras.

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.

Vice President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek traveled to Qatar yesterday for high-level talks.

The new cabinet formed after the May 14 and 28 polls will serve the entire nation with love, President Recep Tayyip Erdoğan has expressed, as the ministers and vice president convened for the first time in the new cabinet.

President Recep Tayyip Erdoğan has met with former Finance Minister Mehmet Şimşek, according to a columnist in daily Hürriyet.

The meeting between the president and Şimşek took place on May 29 and it was "positive," said Abdülkadir Selvi, without providing other details.