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ECONOMY
Page 20
Short time work allowance extended in Turkey
With a Presidential decision published in the Official Gazette, the period of short time work allowance has been extended till June 30, 2021. Introduced to curb the negative effects of the pandemic, the payment was ended on March 31.
23 April 2021
Report: Three billion lira pandemic support for electricity companies to be paid by citizens
More electricity production companies will benefit from a state support program, according to a new draft regulation.
21 April 2021
Police intervention against workers making a call for May Day in İstanbul
In the wake of a demonstration ban which will also be in effect on May Day, a group of workers came together at the Freedom Square in İstanbul’s Bakırköy to make a call for May Day. Police have detained nearly 50 people.
21 April 2021
The story of production in Diyarbakır
Detailing Diyarbakır’s history of production and trade, the online exhibition of “The history of production: Crossroads, cornucopia and politics” is jointly held by Anadolu Kültür and Diyarbakır Association for the Protection of Cultural and Natural Assets.
20 April 2021
Turkey has the world’s 14th highest inflation rate
According to the April 2021 report of the International Monetary Fund, Turkey’s inflation rate is 6.5 times higher than the European average, which is 2.1 percent.
20 April 2021
May Day celebrations banned in İstanbul due to pandemic
All events and demonstrations will be banned in the city until May 17.
19 April 2021
Police attack Sinbo workers: Journalists detained as well
The police intervened against the dismissed workers of Sinbo, a company producing small home appliances, who wanted to make a press statement in front of the factory in İstanbul. Five people, including three journalists, have been detained.
19 April 2021
‘Denying health workers their right to leave is against the Constitution’
The Health and Social Service Laborers Union (SES) has held a press conference about the recent ban on healthcare workers’ right to take a leave of absence, retire and resign amid a surge in COVID-19 cases and deaths.
16 April 2021
Bans on May Day celebrations due to pandemic
Governors of Kocaeli and Denizli have banned the celebrations.
16 April 2021
Turkey bans use of crypto assets in payments
According to a Central Bank regulation, payment and electronic money institutions will not be able to mediate platforms that offer trading, custody, transfer, or issuance services for crypto assets besides mediating fund transfers from them.
16 April 2021
Turkey’s Central Bank keeps interest rate unchanged
The Monetary Policy Committee of Turkey’s Central Bank has kept the policy rate (one-week repo auction rate) fixed at 19 percent.
15 April 2021
Police prevent health workers’ protests in İstanbul, Diyarbakır
Physicians attempted to make a press statement near Çemberlitaş tram station; however, they have been prevented by the police. The protests of Amed Health Platform in Diyarbakır have also been hindered by police officers.
15 April 2021
Police intervention against Migros workers on the 100th day of their protest
Dismissed with ‘Code 29’ after joining a labor union, the workers of Migros supermarket chain have been once again taken into custody in front of the house of their employer Tuncay Özilhan on the 100th day of their protest.
14 April 2021
AKP deputy chair explains what happened to Turkey's Central Bank reserves
The opposition and economists have accused the government of draining the reserves by selling 128 billion dollars in an unsuccessful attempt to keep the US dollar's exchange rate from rising.
14 April 2021
Turkey's broad unemployment rate stands at 28.3 percent
The number of unemployed people was over 10 million in February, according to the DİSK-AR.
13 April 2021
Turkey’s unemployment rate according to TurkStat: 13.4 percent
The Turkish Statistical Institute (TurkStat) has released its Labor Force Statistics for February 2021. The number of unemployed persons has increased by 250 thousand people when compared to the previous month, says the report.
12 April 2021
Vehicle inspection workers win reinstatement lawsuit
The court has concluded that the workers were dismissed because of being unionized.
8 April 2021
Hikmet Adal
An average of 491 workers dismissed every day despite layoff ban
The Social Security Institution (SGK) has answered the question of the DİSK confederation regarding the number of people dismissed with ‘Code 29’, a legal way used by employers to circumvent the layoff ban amid the pandemic.
7 April 2021
Mine collapses in Zonguldak, one worker loses his life
Miner Salif Zıvalı has lost his life after an unlicensed mine in Turkey’s Black Sea province of Zonguldak collapsed.
7 April 2021
'We are dead; the state tells us to rise again and make our payments'
The termination of the short-time work allowance added more to the hardships faced by shopkeepers and workers during the pandemic.
6 April 2021
Hikmet Adal
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Monthly inflation: TurkStat says 1.08, ENAGrup says 3.36 percent
The Inflation Research Group (ENAGrup) has announced that it estimates an accelerating increase in the general level of prices in the upcoming period.
5 April 2021
Turkey’s inflation rate tops 16 percent after 20 months
The Turkish Statistical Institute (TurkStat) has measured the annual consumer inflation rate as 16.19 percent and monthly inflation rate as 1.08 percent.
5 April 2021
‘502 workers driven to suicide in Turkey in 8 years’
A recent report released by the İSİG Assembly has shown that while 30 workers driven to suicide in Turkey in the last 8 years were women, six were children.
5 April 2021
Government ends short-time work allowance payments amid height of pandemic
Some 1.3 million people in Turkey were paid a short time work allowance in February, according to the state employment agency.
2 April 2021
Migros workers taken into custody
Put on unpaid leave and dismissed with “Code 29” for joining a labor union, workers of Migros, a chain of supermarkets, protested in front of the house of Tuncay Özilhan, the head of Anadolu Group. 16 workers have been detained.
31 March 2021
Turkey’s foreign trade deficit rises to 3.3 billion dollars
According to the Turkish Statistical Institute (TurkStat), Turkey’s foreign trade deficit was 3 billion 299 million dollars in February 2021, which marks a 8.7 percent increase when compared with February 2020.
31 March 2021
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‘We will keep interest rate above inflation,’ says Central Bank Governor
Turkey’s Central Bank Governor Kavcıoğlu has said that the bank will continue to set the policy rate at a level above inflation, preserving the strong disinflationary effect, until there are strong indicators that point to a permanent fall in inflation.
31 March 2021
‘Those who knew Central Bank Governor's dismissal bought 1.1 billion dollars’
HDP MP Necdet İpekyüz says that while the average amount of US dollars purchased in Turkey a day is between 150-400 million dollars, those who knew that Central Bank Governor Ağbal would be dismissed have got richer.
30 March 2021
Hikmet Adal
Turkey’s Wealth Fund receives 1.25 billion euro loan
According to a statement by the Wealth Fund, a syndicated loan of 1 billion euro used in March 2019 has been renewed, with four new banks joining the syndication.
25 March 2021
It's much harder to build trust in economy after change of Central Bank head, says economist
The Turkish lira recorded an 11-percent depreciation against the US dollar after Erdoğan replaced the Central Bank governor with a pro-government columnist.
22 March 2021
Hikmet Adal
Turkey saw over 1.2 million decrease in employment in 2020
The Turkish Statistical Institute has shared the labor force statistics for 2020. The number of unemployed was 4 million 61 thousand 408 thousand in 2020, which marked a 0.5 point increase when compared to the previous year.
22 March 2021
Minister reiterates commitment to free market mechanism as Turkish lira slides
The lira has plunged after the Central Bank governor was replaced with a pro-government economist advocating lower interest rates.
22 March 2021
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