reports in ECONOMY category

This figure means that about one in every 10 children in the country lives in a state of absolute poverty, according to a TEPAV study.

While the labor minister complains about opposition municipalities not paying premiums for their personnel, the Court of Accounts report has revealed the Turkish statistical authority also failed to make these payments.

The unemployment rate stood at 8.6% and the labor underutilization rate at 25.6%

The general budget also serves as a document reflecting the state of class struggle in capitalist societies.

Amid signs that the government will likely refrain from a substantial increase, 118 economists have warned in a joint statement that high inflation is making minimum wage earners increasingly vulnerable.

The draft budget suggests a 17% hike, aligning with the 2025 year-end inflation forecast, according to an economist. This approach follows the IMF recommendation to adjust the minimum wage based not on past inflation rates but on a future-oriented basis.

The Central Bank kept the policy rate unchanged at 50% while the official inflation rate dropped below this rate for the first time in 14 months.

Five workers were killed in the September explosion in the factory in northwestern Turkey. While an investigation into the incident is still underway, the Oba Makarna company has reportedly downsized its quality control department and workers are facing implicit blame for the blast.