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Mehmet Şimşek

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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Mentions over time

16 Sept 19 Sept

The numbers

Day	Mentions over time
16 Sept	4 stories
17 Sept	3 stories
18 Sept	2 stories
19 Sept	1 story

Appears with

Latest 10 stories

Bakan Şimşek'ten 'fon krizi' açıklaması: Yapısal bir sorun yok — Photo: Artı Gerçek

Economy World press 25 sources 19 Sept, 07:19

Capital Markets Board begins liquidation of 131 investment funds, Şimşek says "no systemic risk"

The Capital Markets Board (SPK) began liquidating 131 funds under a 17 September decision and appointed İş Bankası and Ziraat Bankası as custodians; the process will be completed within three months at most. Minister Şimşek said the problem stemmed from credit and liquidity issues in a limited number of funds.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Mehmet Şimşek Türkiye İş Bankası Ziraat Bankası TEFAS Financial Stability Committee

SPK 131 fonun tasfiye yöntemini açıkladı: Tera fonları İş Bankası’na, diğer altı şirketin fonları Ziraat’e - Serbestiyet — Photo: Serbestiyet

Economy World press 41 sources 19 Sept, 05:05

Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

+10

Where reports differ

State media According to a statement reported by TRT Haber, Şimşek said the problem was limited to a small number of free funds stemming from credit and liquidity issues, that 131 out of 2,038 funds were affected, and that there was no systemic risk.

Opposition press Artı Gerçek wrote that the funds subject to the liquidation decision belong to approximately 550,000 investors and have a total size calculated at around $17 billion (826 billion lira).

Capital Markets Board (SPK) Mehmet Şimşek İş Bankası Ziraat Bankası Tera Portföy Yönetimi TEFAS

Timothy Ash ile Dilek Güngör arasında — Photo: Evrensel

Economy 1 source 19 Sept, 02:58

Polemic between economist Ash and Sabah columnists in Tera dispute

According to Evrensel, British economist Timothy Ash described on X the presence of certain columnists on the boards of liquidated funds as a "conflict of interest"; the debate continued through Sabah columnists Kerem Alkin and Dilek Güngör.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

For now only the opposition press is reporting this

Timothy Ash Kerem Alkin Dilek Güngör Sabah Tera Yatırım Menkul Değerler Mehmet Şimşek Evrensel

Finansal İstikrar Komitesi nedir, amacı nedir? Finansal İstikrar Komitesi üyeleri kimler? — Photo: Cumhuriyet

Economy 31 sources 2 updates 17 Sept, 12:26

Financial Stability Committee holds emergency meeting: "No structural risk"

Following the decline in Borsa Istanbul (BIST), the committee, chaired by Treasury and Finance Minister Mehmet Şimşek, said the issue stemmed from credit and liquidity strains in certain funds of a limited number of portfolio management companies, and that it was temporary and manageable.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Financial Stability Committee Treasury and Finance Ministry Mehmet Şimşek Borsa Istanbul (BIST)

Motorin Fiyatı Türkiye'de 100 TL'yi Aştı - ShiftDelete.Net — Photo: ShiftDelete

Economy 6 sources 3 updates 17 Sept, 21:25

Diesel price per liter exceeds 100 lira in major cities

With the new price hike, diesel rose above 100 lira in Istanbul, Ankara and Izmir. Sources diverge on the size of the hike: a range of 4.60 to 4.81 lira, or 4.62 lira.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Where reports differ

Neutral press, Opposition press and Foreign press These sources reported the hike as being between 4.60 and 4.81 lira; DW Türkçe cited the reintroduction of the special consumption tax (ÖTV) in September and a global supply shortage among the factors.

Neutral press Kısa Dalga reported the expected hike as 4.62 lira and gave the new per-liter prices as 100.19 lira on Istanbul's Anatolian side, 101.43 lira in Ankara, and 101.70 lira in Izmir.

Mehmet Şimşek Treasury and Finance Ministry Istanbul Ankara İzmir Kadirli

Economy 2 sources 17 Sept, 12:26

Şimşek: Disinflation succeeding but slower than desired

Treasury and Finance Minister Mehmet Şimşek said inflation would today be at least 7 points lower if not for the war; annual inflation was 31.5% in August. Central Bank (TCMB) Governor Fatih Karahan said recurring energy shocks could complicate the fight against inflation.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Mehmet Şimşek Fatih Karahan Central Bank (TCMB) Treasury and Finance Ministry

Borsa İstanbul'daki kayıplardan sonra Finansal İstikrar Komitesi toplantısı — Photo: BBC Türkçe

Economy 19 sources 17 Sept, 01:17

BIST 100 falls 5.54%, Financial Stability Committee to meet in the morning

BIST 100 fell 5.54% on September 16 to 13,122.58 points; the decline was driven by a portfolio management company defaulting on fund payments and Middle East tensions. The Financial Stability Committee will meet on September 17 at 08:00 chaired by Minister Şimşek.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Borsa Istanbul (BIST) Financial Stability Committee Mehmet Şimşek Treasury and Finance Ministry Pusula Portföy

Bakan Şimşek'ten memur ve emekliye zam açıklaması: "Enflasyon kadar artacak" — Photo: Euronews Türkçe

Economy 5 sources 17 Sept, 01:17

Şimşek: We will not give up on disinflation even during the election process

Şimşek said disinflation was not progressing at the desired pace but would continue during the election process. He said year-end inflation would have been around 20-22% without the war, and that civil servant and pensioner salaries would rise at least in line with inflation.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Mehmet Şimşek Treasury and Finance Ministry Medium-Term Program Turkish Statistical Institute (TÜİK) Bloomberg HT

Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek — Photo: Ekonomim

Economy 6 sources 17 Sept, 01:17

Tera Portföy declares default in two funds, payment periods extended in six funds

On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Where reports differ

Independent press Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.

Opposition-leaning press Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.

Tera Portföy Emre Tezmen Borsa Istanbul (BIST) Public Disclosure Platform (KAP) Sermaye Piyasası Kurulu Mehmet Şimşek Pusula Portföy

BDDK karar verdi: Golden Global'de ortaklık hakları TMSF'ye verildi — Photo: NTV

Economy 8 sources 17 Sept, 01:17

Banking regulator BDDK: Savings Deposit Insurance Fund (TMSF) to exercise shareholder rights at Golden Global Investment Bank

Banking regulator BDDK decided that shareholder rights attached to the 99.98% stake in Golden Global Investment Bank, which is facing a liquidity problem, will be exercised by the Savings Deposit Insurance Fund (TMSF), without transferring ownership of the shares. The United States placed the bank on its sanctions list on September 4 over alleged Iran-linked transactions, which the bank denied.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Golden Global Investment Bank banking regulator BDDK Savings Deposit Insurance Fund (TMSF) OFAC Mehmet Şimşek U.S. Treasury Department

Süper Lig Week 6

#		P	GD	Pts
1	Galatasaray	6	+3	13
2	Beşiktaş	5	+8	12
3	Kocaelispor	6	+3	12
4	Alanyaspor	6	+2	11
5	Trabzonspor	6	+8	10
6	Amedspor	5	+7	10
7	Kasımpaşa	6	+2	10
8	Çaykur Rizespor	5	+1	9
9	Gaziantep FK	6	0	8
10	Fenerbahçe	5	+2	7
11	Çorum FK	6	+1	7
12	Başakşehir	6	-1	7
13	Gençlerbirliği	6	-8	7
14	Konyaspor	6	-4	4
15	Samsunspor	5	-5	4
16	Erzurumspor	5	-9	4
17	Eyüpspor	5	-6	3
18	Göztepe	5	-4	2

This week's matches Week 6

Monday 14 September

FT TSL

Gaziantep FK 0–0 Fenerbahçe

Thursday 17 September

FT UEL

Beşiktaş 4–1 Marseille

Friday 18 September

FT TSL

Kasımpaşa 0–0 Konyaspor

Saturday 19 September

FT TSL

Çorum FK 1–2 Alanyaspor

FT TSL

Kocaelispor 2–0 Gaziantep FK

FT TSL

Başakşehir 4–0 Gençlerbirliği

FT TSL

Trabzonspor 4–0 Galatasaray

Sunday 20 September

Sun 17:00 TSL

Erzurumspor – Samsunspor

Sun 17:00 TSL

Fenerbahçe – Eyüpspor

Sun 20:00 TSL

Amedspor – Beşiktaş

Sun 20:00 TSL

Göztepe – Çaykur Rizespor

Friday 25 September

Fri 21:45 UNL

Türkiye – France

Saturday 26 September

Sat 17:00 UWEC

Minsk – Fenerbahçe

All matches →

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What's on

Istanbul Biennial İstanbul Fri 18 Sept, 03:00
Istanbul Modern - Museum Admission İstanbul Sat 19 Sept, 10:00
Watsons Youth Festival İstanbul Sat 19 Sept, 13:00
“Long Saturday at Arter” Combined Pass with Paribu (Concert + Film + Exhibition Admission) İstanbul Sat 19 Sept, 19:00

Earthquakes AFAD

3.9 Fthiotis, Stereá Elláda (Yunanistan) 19 Sept, 09:55
3.4 Sivrice (Elazığ) 19 Sept, 10:03
3.1 Ege Denizi - [05.25 km] Foça (İzmir) 19 Sept, 04:35

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