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Murat Yetkin
06 September 2024, Friday / Published in Economy, Politics

Erdoğan’s economic gamble: Will tycoons feel the pinch too?

Turkish Vice President Cevdet Yılmaz unveiled the Medium Term Program (MTP), outlining Ankara’s economic roadmap for the next three years. The MTP marks a crucial juncture for both the country’s economic recovery efforts and the political future of both President Tayyip Erdoğan and Erdoğan’s Justice and Development Party (AKP) government. While numerous questions arise, the
AKPeconomyErdoğangrowthinflationmedium term economic programMedium Term ProgramMehmet ŞimşekmtpşimşekTurkeyTürkiyeturksih economy
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YetkinReport
13 May 2024, Monday / Published in Economy, Politics

Türkiye announces major public spending cuts

In a bid to curb surging inflation and restore fiscal discipline, Türkish Finance Ministry unveiled an extensive savings plan aimed at reining in public spending. Vice President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek announced a new “Public Savings Plan” on May 13 at a joint briefing. The savings plan comes as Türkiye
austerityausterity measureseconomyinflationMehmet Şimşekpublic savings planşimşekTurkish economyTurkish inflation
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Murat Yetkin
05 September 2023, Tuesday / Published in Politics

Erdoğan failed to persuade Putin, but his economy team convinced TurkStat

Let’s be clear. It was already clear from Foreign Minister Hakan Fidan’s contacts with Ukraine and Russia that President Tayyip Erdoğan would not be able to convince his Russian counterpart Vladimir Putin to return to the grain deal at the Sochi meeting on September 4. Diplomatic sources considered it a miracle if the issue was
CBRTeconomicsErdoğanfinancegrain dealinflationPutinşimşekSochiTurkeyTurkish economyTürkiye
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Mehmet Gün
01 July 2023, Saturday / Published in Politics

Erdoğan’s economic beliefs and powers to be national security issue

The business world, even those provide a life-long support to Recep Tayyip Erdoğan though crushed by the surging inflation pinned their hopes on Türkiye’s new appointees, Treasury and Finance Minister Mehmet Şimşek and CBRT Governor Hafize Gaye Erkan, as the saviour of country’s economy from its deep-running issues. The reason for this hope was the
CBRTeconomyinflationinterest rateşimşekTurkeyTurkish economyTürkiye
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