content tagged with ministry of treasury and finance

Türkiye posts highest budget deficit of year in October

Türkiye posts highest budget deficit of year in October

The budget deficit last month was nearly five times higher compared to the same month last year.

16 November 2022

Treasury asks for value added tax on free water in İstanbul

Treasury asks for value added tax on free water in İstanbul

Since 2019, the opposition-led İstanbul Municipality has been offering 0.5 cubic meters of water free of charge per 2.5 cubic meters of water consumed in households. The Ministry of Treasury has dismissed the claims that a ‘tax’ is to be levied on this amount.

14 January 2022

Finance minister: Turkish lira finding its true balance with new deposit system

Finance minister: Turkish lira finding its true balance with new deposit system

Turkey had introduced a "foreign exchange-protected lira deposit" system, where the Treasury compensates depositors if the change in exchange rates exceeds earned interests.

22 December 2021

Details of Turkey's new foreign exchange-indexed deposit account system

Details of Turkey's new foreign exchange-indexed deposit account system

The Turkish lira gained about 15 percent in value against the US dollar within hours after President Erdoğan introduced the new system.

21 December 2021

Erdoğan dismisses two Vice Ministers of Treasury and Finance

PRESIDENTIAL DECISION

Erdoğan dismisses two Vice Ministers of Treasury and Finance

According to a Presidential decision published in the Official Gazette, Vice Ministers of Treasury and Finance Şakir Ercan Gül and Mehmet Hamdi Yıldırım have been dismissed; Mahmut Gürcan and Yunus Elitaş have been appointed in their place.

16 December 2021

Erdoğan replaces finance minister amid currency crisis

Erdoğan replaces finance minister amid currency crisis

The president had implicitly criticized Lütfi Elvan for opposing his lower interest rate policy, which led the Turkish lira to lose 29 percent in value in a month.

2 December 2021

Finance watchdog FATF 'grey lists' Turkey, Turkey denounces the decision

Finance watchdog FATF 'grey lists' Turkey, Turkey denounces the decision

The Financial Action Task Force has downgraded Turkey to the grey list due to its shortcomings in preventing money laundering and terrorist financing. The Ministry of Treasury and Finance has criticized the decision in a statement.

22 October 2021

Turkey's finance minister announces resignation on Instagram, government, media keep silent

Turkey's finance minister announces resignation on Instagram, government, media keep silent

Albayrak has deleted his Twitter account and announced his resignation on Instagram, citing health problems. The government has neither confirmed nor denied the statement while the pro-government media has not reported it.

8 November 2020

Minister: Turkey to Ban Lay-Offs for Three Months Due to Pandemic

Minister: Turkey to Ban Lay-Offs for Three Months Due to Pandemic

Employees who are put on an unpaid leave will be paid half the minimum salary, the Minister of Treasury and Finance has announced.

Finance Ministry 'Takes Legal Action' Against Those Who 'Distorted' Albayrak's Words

Finance Ministry 'Takes Legal Action' Against Those Who 'Distorted' Albayrak's Words

Minister Albayrak had said, "Those who have titles such as economist, professor, etc. but try to damage the country, to create a perception against Turkey are no different from the group we see in terrorist acts."

13 November 2019

Only One out of 10 Employees is Woman in Public Business Enterprises

Only One out of 10 Employees is Woman in Public Business Enterprises

The Ministry of Treasury and Finance has released the Public Business Enterprises Report 2018.

5 November 2019

Ministry Enforcement for Firms to Bring Export Price to Turkey

Ministry Enforcement for Firms to Bring Export Price to Turkey

The Ministry of Treasury and Finance has released a notification on the Official Gazette on protecting value of Turkish lira. According to the notification, export price will be brought to Turkey within 180 days and at least 80 percent of it will be sold to a bank.

4 September 2018