Şimşek announced that the Turkish government will participate in events and investor meetings hosted by leading global investment banks in the United States, aiming to enhance investor confidence and secure long-term capital for Türkiye. "We have seen very strong support over the past year, with a significant flow of funds into the country," Şimşek said, adding that the secured funds are cheaper and come with longer-term commitments than typical market rates.
Addressing Türkiye’s current account deficit, Şimşek explained that regional conflicts have impacted the balance, but noted that the government's projections are based on structural transformation efforts. "We have taken important steps, identifying 284 key products, and aim to attract both global and local investments with financing opportunities linked to these products," he said. The minister further announced that 30 products under eight main categories will be supported by $30 billion in investments by 2030.
On inflation, Şimşek noted significant progress, stating, "Inflation peaked in May, but since then, we have seen a 26-point decrease, and it will continue to decline." He added that the removal of the 25% cap on rent increases had caused a sharp rise in rental agreements, but assured that services inflation will respond to future income policies. "As inflation begins to fall, we will break its rigidity and see a gradual slowdown in price increases," he concluded.
The minister’s statements signal continued efforts by the Turkish government to stabilize the economy and foster long-term growth through targeted investments and inflation management. (ILKHA)
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