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Yilmaz Set to Hold First Meeting on Details of Savings Package

TURKEY
  • Following the topline presentation of the public savings package on Monday, VP Yilmaz holds the first meeting with ministers to address the details - with each item in the package set to be evaluated and pushed forward for Presidential decree. The meetings are to determine how the legislation will be pushed forward, whether by regulation, implementation changes, presidential decree or written into law.
  • Sabah write that a lack of workers across manufacturing is hitting industry output, with many companies instead forced to bring in workers from abroad.
  • Erdogan is set to address lawmakers later today at 1200 local time (1000BST), which follows the finance ministry's publication of central government budget balance data. Simsek is again set to appear having presented the public savings plan earlier this week - addressing attendees at the QEF in Doha.

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