Mehmet Şimşek

The Treasury and Finance Ministry is set to tighten its grip on the alcoholic beverage sector through intensified tax inspections.

Treasury and Finance Minister Mehmet Şimşek announced the move through social media, emphasizing the government's commitment to comprehensive sectoral audits.

Finance Mehmet Şimşek will travel to Beijing to attend the second meeting of the Türkiye-China Intergovernmental Cooperation Committee (ICC), the highest-level consultation mechanism between the two countries.

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.

Treasury and Finance Minister Mehmet Şimşek welcomed Standard & Poor's (S&P) decision to raise Türkiye's credit rating, highlighting the country's unique achievement of receiving two-notch upgrades from three major credit rating agencies this year.

President Recep Tayyip Erdoğan on Thursday welcomed his Senegalese counterpart Bassirou Diomaye Faye to Ankara for discussions aimed at bolstering bilateral relations.

Türkiye does not experience growth issues while combating inflation and inflationary pressures "will continue to fall" thanks to tight monetary policy, Turkish Treasury and Finance Minister Mehmet Şimşek has said.

The government's priority is to achieve price stability, Finance Minister Mehmet Şimşek has said, adding that this takes some time.

Speaking at an event organized by the International Institute of Finance, Şimşek said that their second priority is to restore fiscal discipline.

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

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.

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.