ECONOMY - Bianet

ECONOMY

Page 10

TurkStat: Turkey’s unemployment rate stands at 11.5 percent

TurkStat: Turkey’s unemployment rate stands at 11.5 percent

According to official figures, the narrowly defined number of unemployment became 3 million 894 thousand in March.

US dollar surpasses 15 against Turkish lira

US dollar surpasses 15 against Turkish lira

The dollar/lira exchange rate has reached the highest level since December.

Richest 20 percent in Turkey had nearly half of total income in 2021, shows TurkStat data

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.

Starbucks workers in Turkey speak out: '18-hour shifts, no clear job definition'

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.

Turkey's annual inflation rate over 156 percent, says research group

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.

Turkey's official inflation rate rises to 70 percent

Turkey's official inflation rate rises to 70 percent

The highest annual increase was in transportation and food, according to TurkStat.

Workers across Turkey mark May Day

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.

Three workers killed in explosion in paint factory in İstanbul's Tuzla

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.

IMF lowers Turkey’s growth forecast to 2.7 percent in 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.

Turkey: 10 physicians died as a result of violence in healthcare in 20 years

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”.

House sales to foreign citizens in Turkey jump 45 percent in a year while home ownership rate drops

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.

Food sales declined in February amid high food inflation

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.

Turkey’s Central Bank keeps the policy rate constant at 14 percent

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.

Professional organizations to meet in İstanbul’s Maltepe Square on May Day

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.

At least 347 workers killed while working in three months in Turkey

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.

Turkey's finance minister claims 'inflation rate getting back on track' amid record highs

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.

Turkey's current account deficit continues to increase

Turkey's current account deficit continues to increase

The Central Bank has announced a current account deficit of 5.15 billion dollars for February.

Unemployment rate in Turkey at lowest level of eight months, according to official figures

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.

Can Candan is a faculty member again by appointed rector’s signature

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.

‘If Turkey does not change its policy, hyperinflation is imminent’

‘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’

‘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.

Inflation in OECD area hits 30-year high, ‘reflecting in part another sharp rise in Turkey’

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”.

Turkey’s domestic producer inflation tops 114 percent, show official statistics

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.

Research group says Turkey’s consumer inflation was over 142 percent in March

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.

Turkey’s consumer inflation rate tops 61 percent, even according to TurkStat

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.

Annual inflation rate in İstanbul hits two-decade high of 63 percent

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.

Turkey further raises natural gas prices, says still provides 'cheapest gas in Europe'

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.

Turkey’s foreign trade deficit rises by 135.5 percent in February

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.

New head of Turkey's top business group stresses importance of rule of law in the face of economic problems

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.

Dismissed textile workers’ protests pay off: Employer accepts the requests

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.

One worker killed in mine collapse in Kayseri

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.

DİSK-AR: Turkey's full-time employment rate just over 30 percent

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.