Domestic markets entered a positive atmosphere on the last day of the week, with the effect of expectations that Mehmet Şimşek would enter the cabinet.

While the BIST 100 index started the day with an increase of 2.9 percent, the banking index made a premium of nearly 7 percent in the opening part. The downward momentum seen in the risk premium in the last few days continued in the last trading day. The risk premium was drawn up to 564 basis points.

Recently, Mehmet Şimşek’s name has been frequently mentioned.

Ali Can Türkoğlu, General Manager of Bloomberg HT, stated that Mehmet Şimşek’s inclusion in the cabinet is considered certain.

Türkoğlu said, “The name Mehmet Şimşek has been spoken heavily for a week. There have been two meetings before, and it is said that there has been one more meeting. There is information on the side that none of these meetings went negative. There is an expectation that there will be names from Şimşek and other ministries of economy who can work closely with Şimşek,” he said.

“The fully authorized Minister of Treasury and Finance will be”

In the news of Bloomberg, it was stated that Mehmet Şimşek will be the fully authorized Minister of Treasury and Finance.

According to the news, Şimşek will undertake all the harmony related to the economy.

According to the information given by the authorities, Mehmet Şimşek wanted to take on an executive duty instead of the vice-presidential formula that was frequently brought to the public agenda this week. Thereupon, it was decided that Şimşek would enter the cabinet as the Minister of Treasury and Finance.

Source: Bloomberg HT

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