content tagged with Mehmet Şimşek

The assets of 62 individuals and 20 foundations and associations have been frozen, according to the decision published in the Official Gazette. The move comes as part of measures taken on grounds of alleged "financing of terrorism."

Tax reduction and exemption rates applied to some activities of tax payers abroad will be increased, provided that the earnings are brought into Turkey, the finance minister has said.

The rise in interest rates did not meet expectations, according to Prof. Dr. Hayri Kozanoğlu. Warning that inflation will jump, Kozanoğlu says that the policy the economy administration follows is intended to prevent a balance of payments crisis and to strengthen the reserves of the Central Bank.

For the first time, the Euro/TRY exchange rate surpassed 23.

Deputy Prime Minister in Charge of Economy Mehmet Şimşek has stated, “We will take a step back from neither the independence of the Central Bank, nor the market economy.”

After the global credit rating agency S&P has downgraded the credit rating of Turkey, the Turkish Lira has depreciated by around 1.5 percent against US Dollar and Euro in one day.

Vice Prime Minister in Charge of Economy, Şimşek stating he estimates U.S. Central Bank, FED, will hike interest rate said a rough period in economy is approaching.

Responding to an official inquiry by CHP İstanbul deputy Sezgin Tanrıkulu, Finance Ministry said that there are 26 jailed journalists in Turkey as of June 17, 2013.