Şimşek: Defence budget to rise 229% in 2027
Treasury and Finance Minister Mehmet Şimşek said defence spending would be increased by 229% in the 2027 budget.
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You are reading news about Türkiye in English.
Treasury and Finance Minister since 2023
Mehmet Şimşek is a Turkish politician and economist who has served as Treasury and Finance Minister since June 4, 2023. He served as Deputy Prime Minister of Türkiye from 2015-2018, and as Finance Minister from 2009-2015. As a member of the AK Party, he was elected as a member of parliament for Gaziantep and Batman.
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Treasury and Finance Minister Mehmet Şimşek said defence spending would be increased by 229% in the 2027 budget.…
The Istanbul Chief Public Prosecutor's Office applied to the Turkish Treasury and Finance Ministry for permission to investigate former Capital Markets Board (SPK) Chair İbrahim Ömer Gönül. Treasury and Finance Minister Mehmet Şimşek had assigned the Inspection Board for a preliminary review on Friday upon the request.…
Vice President Cevdet Yılmaz announced that annualized exports had risen to $283.7 billion. September exports announced by Trade Minister Ömer Bolat reached $26 billion, up 15.4%.…
Turkish Treasury and Finance Minister Mehmet Şimşek said Türkiye's central bank's (TCMB) steps on SME loans and reserve requirements will ease SMEs' access to finance. The growth limit for SME loans was raised from 4.5% to 5%.…
Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.…
President Recep Tayyip Erdoğan met in Ankara with the economic team and managers of relevant institutions over developments in the fund investigation. The meeting assessed steps regarding the functioning of capital markets.…
The Central Bank (TCMB) introduced a 10% foreign exchange position requirement for the foreign exchange conversion support starting on 1 October. Treasury and Finance Minister Mehmet Şimşek said firms contributing to exports through production and supply will have easier access to the support.…
Treasury and Finance Minister Mehmet Şimşek announced that no action will be taken against individuals and companies not involved in market-disruptive transactions. He said the legitimate rights of fund investors were being protected in coordination with the Justice Ministry.…
Netflix's executive in charge of global relations said at the 19th Türkiye Investment Conference in New York that the company had finalized its 10 billion lira investment plan for Türkiye. Its location and scope have not yet been announced.…
The World Bank's Executive Directors approved the Türkiye Agricultural Food Sector Transformation Project. The amount to be provided is $750 million, and in 2026 long-term external financing for all sectors will exceed $9 billion.…
Treasury and Finance Minister Mehmet Şimşek said the resignation claims were baseless. The Presidency's Directorate of Communications Disinformation Combat Center announced that a judicial process is being carried out against those who spread these claims.…
Treasury and Finance Minister Mehmet Şimşek will return from the US today at noon. Seven portfolio management companies have 455,758 investors in 131 funds, and their liquidation and payments will be discussed under his chairmanship.…