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ECONOMY
Page 2
New bill introduces corporate tax measures to increase revenue
A sweeping new bill will introduce new tax and fee increases for both businesses and individuals.
16 July 2024
AKP announces 25% rise in minimum pension after public outcry
The opposition has pointed out that the purchasing power of minimum pensioners has declined despite the raise.
16 July 2024
Poverty line nearly 4 times the minimum wage in June
For a family of four, food expenses alone exceed the minimum wage, according to BİSAM's monthly report.
15 July 2024
Nearly 900 workers killed on the job across Turkey in first half of 2024
Thirty-three of the killed workers were children. İSİG says child employment under the guise of vocational training results in more deaths, which has now become more visible in urban areas.
11 July 2024
Turkey’s unemployment rate at 8.4% in May, gender gap persists
The unemployment rate for men stood at 7%, while it was at 11% for women.
10 July 2024
TurkStat chair defends institution amid inflation calculation criticisms
Turkstat, whose reliability has been questioned for many years, is now accused of manipulating the June inflation figures to enable the government to keep pension increases low.
9 July 2024
Ali Dinç
reports
Private universities fire over 100 academics as school year ends
“Foundation universities, driven by short-term financial plans and market conditions, are conducting what amounts to a purge based on legally questionable fixed-term contracts," says a union official.
9 July 2024
Ali Dinç
FATF removes Turkey from grey list
Turkey has been a member of the FATF since 1991 but was placed on the grey list in 2021 due to concerns over the effectiveness of its AML and CFT measures.
28 June 2024
Hikmet Adal
reports
No mid-year minimum wage increase on Turkey's agenda
The government has ruled out a rise. Economists oppose the assumption that an increase would have excerbated the inflation problem.
27 June 2024
Hikmet Adal
İstanbul's municipal enterprise hikes prices for ‘affordable bread'
After CHP’s İmamoğlu secured re-election in the March polls, Halk Ekmek implemented two significant price hikes.
21 June 2024
Turkey ranked as most affordable country in Europe for consumer goods and services
According to Turkey’s statistical authority, Turkey is the most affordable country among 36 European countries. However, prices of personal transport equipment are above the EU average.
21 June 2024
Former AKP deputy criticizes sweeping tax reform
"This tax reform, presented as 'tax justice' by the economic management, almost taxes the air we breathe," said Şamil Tayyar.
21 June 2024
One in 4 retirees in Turkey continue working due to economic strain
The number of retirees who continue to work and pay social security support premiums has more than doubled since 2017.
21 June 2024
Turkey to hike departure fee 19 times in new austerity push, according to draft law
The government plans to collect about 380 million dollars in taxes assuming the number of international travelers remains consistent with the 8.7 million individuals who paid the fee last year.
20 June 2024
Hikmet Adal
reports
Turkey’s new public spending cuts may affect healthcare, education services, warns economist
The measures should be accompanied by increasing taxes on the wealthy, suggests economist Cem Oyvat.
13 May 2024
Hikmet Adal
Workers, union officials detained during protest at İstanbul Finance Center
Workers involved in the building of the finance center demand their unpaid wages.
26 April 2024
Turkey ranks fourth in global inflation rates
Only Argentina, Syria and Lebanon surpassed Turkey in inflation rate.
22 April 2024
Turkey’s inflation surges to 68.5% in March
The ENAG calculated the inflation rate at 124.63%, nearly twice as high as the official rate.
3 April 2024
Volga Kuşçuoğlu
writes
Turkey’s food inflation spikes despite global decline
The steep increase in food, particularly meat prices, is attributed to flawed policies that allow large suppliers and grocery chains to manipulate the market.
19 March 2024
Volga Kuşçuoğlu
RTÜK outlines principles for representation of male violence on TV
The agency has released the ethical principles on the occasion of Women's Day
8 March 2024
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Central Bank keeps policy rate unchanged: It had been raised eight times
The Central Bank, which had previously decided on eight consecutive interest rate hikes, this time kept the bank's policy rate unchanged at 45 percent under the leadership of the new Governor Fatih Karahan.
22 February 2024
Farmers' debt to banks increased by 80% in one year, surpassing 590 billion lira
CHP Niğde Deputy Ömer Fethi Gürer stated that the increase in debt in one year amounted to 261 billion lira and said, "Farmers, grappling with dozens of problems such as the increase in the cost of feed, fuel, electricity used for agricultural purposes, feed, fertilizer, labor costs, and the inability to sell their products, have started to either move away from agriculture or borrow from banks."
9 February 2024
'Inflation swallowed up retiree pensions in 2023'
CHP Ankara Deputy Semra Dinçer, who prepared a report on how 2023 went for retirees, said, "Inflation swallowed up the retiree pension. Retirees have become unable to afford meat."
9 February 2024
ENAG January inflation rate doubles TurkStat
The inflation rate was 129% according to ENAG and 64.86 according to TurkStat.
5 February 2024
Gap between minimum wage and poverty line closing
According to TÜRK-İŞ data, the poverty line increased by 617 lira in one month, reaching 15,048 lira. The difference with the minimum wage decreased to 1,954 lira before salaries were deposited according to the newly determined level of minimum wage, which is 17,002 lira as of January 2024.
1 February 2024
Mahfi Eğilmez
writes
Middle class is disappearing
The top 20% of the population, with the highest income, takes 49.7% of the country's total income, while the remaining 80% of the population receives 50.3% of the total income.
30 January 2024
Mahfi Eğilmez
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Turkey receives lowest score to date on the Corruption Perceptions Index
According to the 2023 Corruption Perceptions Index by Transparency International, Turkey dropped to 34 points and ranked 115th out of 180 countries.
30 January 2024
Central Bank survey anticipates year-end inflation at 42%
The policy rate expectation for the current month's end is set at 45%.
19 January 2024
Bülent Danışoğlu
writes
Reinforcing inequalities with regional minimum wage
No matter what kind of regional classification is made, workers in Kurdish cities will officially receive lower wages than those working in other regions
14 December 2023
Bülent Danışoğlu
Gas supply of 123,000, electricity supply of 70,000 cut off due to debts in the first 6 months
CHP Niğde Deputy Ömer Fethi Gürer stated that the disconnection of citizens' subscriptions due to debts "reveals the extent of the high cost of living and poverty in Turkey."
5 December 2023
Bülent Danışoğlu
writes
Where to reduce the state?
Liberals still advocate for the reduction of the state, but now they no longer emphasize freedoms and democracy. What is actually desired is to reduce the public services provided by the state. This means implementing the security state that liberals want.
28 November 2023
Turkey to unveil tax incentives to boost foreign currency inflows
Tax reduction and exemption rates applied to some activities of tax payers abroad will be increased, provided that the earnings are brought into Turkey, the finance minister has said.
22 November 2023
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