Turkey's budget recorded a 378 billion Turkish Liras deficit in July, despite Finance Minister Mehmet Şimşek's assurances that fiscal discipline remains intact.

Treasury and Finance Minister Mehmet Şimşek said Thursday that Türkiye's de-dollarization drive had made significant progress, with Turkish lira deposits rising to their highe...

Türkiye's Treasury and Finance Minister Mehmet Şimşek announced that the country anticipates a wider current account deficit this year, primarily driven by increased energy and commodity prices.

Turkish Minister Mehmet Şimşek highlighted the critical importance of regional integration and the development of new corridors to navigate the uncertainties of the current global landscape.

Türkiye's Finance Minister Mehmet Şimşek stated that the short-term economic effects of the Iran war are negative but manageable for the country, with energy supply security not at risk and fiscal measures in place as a shock absorber.

Türkiye's Treasury and Finance Minister Mehmet Şimşek stated that the country's annualized tourism revenue remained broadly stable in the second quarter, despite the ongoing conflict in the Middle East.

Turkish Treasury and Finance Minister Mehmet Şimşek stated that Türkiye and Germany have significant potential to deepen cooperation in key industries and strengthen partnerships in third-country markets.

Treasury and Finance Minister Mehmet Şimşek stated that the global shock due to the Middle East conflict will affect Türkiye's economic program but will not cause any change in its priorities.

Türkiye's Treasury and Finance Minister Mehmet Şimşek is holding high-level meetings with global investors and financial institutions in the U.S. this week, amidst regional geopolitical developments.

There is no deterioration in Türkiye's disinflation path but rather a slowdown mainly due to food prices and seasonal effects, Treasury and Finance Minister Mehmet Şimşek said...

Turkish Finance Minister Mehmet Şimşek announced that Türkiye expects its annual budget deficit to have narrowed to approximately 2.5% of GDP by June, down from 2.9% in 2025.

Türkiye's Treasury and Finance Minister Mehmet Şimşek announced that the country's disinflation process is anticipated to get back on track after a delay of a few months.

Turkish Treasury and Finance Minister Mehmet Şimşek affirmed that while recent developments will impact Türkiye's inflation, the overall downward trend is expected to remain unchanged.

Turkish Finance Minister Mehmet Şimşek stated that the Turkish economy has the capacity to tackle shocks and that new steps are possible. He suggested the impact of the Middle East conflict on the Turkish economy could be temporary and reversible if a cease-fire holds.