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ECONOMY
Page 10
US dollar surpasses 15 against Turkish lira
The dollar/lira exchange rate has reached the highest level since December.
10 May 2022
Richest 20 percent in Turkey had nearly half of total income in 2021, shows TurkStat data
The country's Gini coefficient stood at 0.410 in the last year while he relative poverty rate and severe material deprivation rate decreased compared to the previous year, according to TurkStat.
9 May 2022
Starbucks workers in Turkey speak out: '18-hour shifts, no clear job definition'
A new one has been added to the workers' resistances: the Starbucks workers. Starbucks has become a talking point after the rights violations revealed by its workers around the world.
5 May 2022
Turkey's annual inflation rate over 156 percent, says research group
The official inflation rate was less than half of what the ENAG has found.
5 May 2022
Turkey's official inflation rate rises to 70 percent
The highest annual increase was in transportation and food, according to TurkStat.
5 May 2022
Workers across Turkey mark May Day
İstanbul's Taksim Square was once again banned as police detained more than 150 people who attempted to march to the square.
2 May 2022
Three workers killed in explosion in paint factory in İstanbul's Tuzla
Some burning fragments scattered around after the explosion and reportedly caused a fire in a nearby forest area.
29 April 2022
IMF lowers Turkey’s growth forecast to 2.7 percent in 2022
The International Monetary Fund has also lowered its 2022 global economic growth forecast, considering that the war between Russia and Ukraine continues.
21 April 2022
Turkey: 10 physicians died as a result of violence in healthcare in 20 years
Press statements have been held by healthcare workers across Turkey on the occasion of “Day of Struggle Against Violence in Healthcare”.
15 April 2022
House sales to foreign citizens in Turkey jump 45 percent in a year while home ownership rate drops
Citizens of Iran bought the highest number of properties with 784 and were followed by citizens of Iraq 741 sales and of Russia with 547 sales in the last month, according to TurkStat.
15 April 2022
Food sales declined in February amid high food inflation
The annual food inflation rate was 70 percent in March and over 64 percent in February, according to official statistics.
14 April 2022
Turkey’s Central Bank keeps the policy rate constant at 14 percent
For the fourth month in a row, the Monetary Policy Committee of the Central Bank has decided to keep the policy rate (one-week repo auction rate) unchanged at 14 percent at its meeting today, on April 14, 2022.
14 April 2022
Professional organizations to meet in İstanbul’s Maltepe Square on May Day
Five labor and occupational organizations have released a joint statement and announced that this year’s Labor Day celebration will take place in Maltepe Square in İstanbul.
14 April 2022
At least 347 workers killed while working in three months in Turkey
Six child workers and 18 refugee workers were killed in the first quarter of the year. Twenty-five of the killed workers were women and 322 were men.
13 April 2022
Turkey's finance minister claims 'inflation rate getting back on track' amid record highs
Turkey posted a two-decade high inflation rate of 61.14 percent in March.
11 April 2022
Turkey's current account deficit continues to increase
The Central Bank has announced a current account deficit of 5.15 billion dollars for February.
11 April 2022
Unemployment rate in Turkey at lowest level of eight months, according to official figures
The broad unemployment rate is still over 20 percent, says TurkStat.
11 April 2022
Can Candan is a faculty member again by appointed rector’s signature
Returning to Boğaziçi University following an administrative court ruling, academic and documentary filmmaker Can Candan, who was dismissed by appointed rector Naci İnci, has been appointed again by İnci’s signature.
8 April 2022
‘If Turkey does not change its policy, hyperinflation is imminent’
According to economist Prof. Mustafa Durmuş, the sole reason behind the high inflation rates is increasing costs. And the trigger? The government’s interest rate policy…
6 April 2022
Hikmet Adal
‘Poor working conditions, usurpation of rights lead to brain drain in Turkey’
The Health Services Union has released a statement ahead of World Health Day, raising concerns over a possible shortage of healthcare workers, especially amid the emigration of professionals due to bad working conditions and losses of rights.
6 April 2022
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Inflation in OECD area hits 30-year high, ‘reflecting in part another sharp rise in Turkey’
The year-on-year consumer inflation in the OECD area rose to 7.7 percent in February 2022, according to a recent OECD report: “Excluding Turkey, inflation in the OECD area rose to 6.3 percent, following a rate of 5.8 percent in January”.
5 April 2022
Turkey’s domestic producer inflation tops 114 percent, show official statistics
The Turkish Statistical Institute (TurkStat) has shared the Domestic Producer Price Index for March 2022: It increased by 9.19 percent monthly, by 114.97 percent annually.
5 April 2022
Research group says Turkey’s consumer inflation was over 142 percent in March
The Inflation Research Group (ENAG) has calculated Turkey’s annual consumer inflation rate as 142.63 percent while the official figure stands at 61.14 percent.
4 April 2022
Turkey’s consumer inflation rate tops 61 percent, even according to TurkStat
The Turkish Statistical Institute has announced that the Consumer Price Index increased by 5.46 percent monthly and 61.14 percent annually in March.
4 April 2022
Annual inflation rate in İstanbul hits two-decade high of 63 percent
Both retail and wholesale inflation rates were over 60 percent in the metropolis in the last month, the İstanbul Chamber of Commerce has found.
1 April 2022
Turkey further raises natural gas prices, says still provides 'cheapest gas in Europe'
The prices have increased by 35 percent for households and 44 percent for businesses.
1 April 2022
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Turkey’s foreign trade deficit rises by 135.5 percent in February
The Turkish Statistical Institute has shared the provisional data on Turkey’s foreign trade for February 2022: Exports were 20 billion 4 million dollars with a 25.4-percent increase and imports were 27 billion 885 million dollars with a 44.5-percent increase.
31 March 2022
New head of Turkey's top business group stresses importance of rule of law in the face of economic problems
"A strong rule of law and strong democracy are the basis for a fair, prosperous and happy life for societies," Orhan Turan has said.
29 March 2022
Dismissed textile workers’ protests pay off: Employer accepts the requests
Dismissed from the Uğur Textile factory in Turkey’s southeastern province of Urfa, workers have announced that Zara and IndustriALL got in touch with them and informed them that the employer has accepted their requests.
28 March 2022
One worker killed in mine collapse in Kayseri
Rescue efforts are underway for another worker who is trapped under the debris, the disaster management agency has announced.
26 March 2022
DİSK-AR: Turkey's full-time employment rate just over 30 percent
After the release of the official 2021 employment statistics, DİSK-AR has released its own employment report.
24 March 2022
TurkStat: 3 million 990 thousand people were unemployed in Turkey in 2021
According to official figures, the narrow-defined unemployment rate was 12 percent and the broad unemployment rate was 24.4 percent in Turkey in 2021. The easing of the coronavirus outbreak played a role in the 1-percent annual improvement.
23 March 2022
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