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ECONOMY
Page 21
Erdoğan replaces Central Bank governor following interest rate hike
Stepping back from the lower interest rate policy, Ağbal has been dismissed only four-and-a-half months after his appointment.
20 March 2021
Coronavirus in Turkey: At least 861 workers died in a year
Releasing a report covering the one-year period from March 11, 2020 to March 10, 2021, the Health and Safety Labor Watch has reiterated that the novel coronavirus (COVID-19) is a disease of the working class.
19 March 2021
Interest rate hike by Turkey’s Central Bank
The Monetary Policy Committee of Turkey’s Central Bank has increased the policy rate (one-week repo auction rate) from 17 to 19 percent.
18 March 2021
Turkey's industrial production increased while employment, wages decreased in pandemic
The share of the labor force in GDP decreased in 2020, says a report by the Chamber of Mechanical Engineers.
17 March 2021
70 percent increase in the number of workers dismissed with ‘Code 29’
In a press conference about the “Code 29”, a legal way to circumvent the layoff ban amid the pandemic, labor organizations have underlined that 80 percent of the ongoing suits for reinstatement stem from this code.
16 March 2021
Built by public-private partnership, Zafer Airport to cause 208 million Euro of public loss
Only 7,429 people used the airport in 2020 whereas the guaranteed number of passengers was 1.27 million.
11 March 2021
Hikmet Adal
Number of unemployed dropped by 1,000 people, says TurkStat
According to the “Labor Force Statistics” announced by the Turkish Statistical Institute, the number of unemployed people was 3 million 861 thousand in Turkey in January.
10 March 2021
President Erdoğan replaces general manager of Turkey Wealth Fund
New general manager Ermut is also a board member of Turkish Airlines.
9 March 2021
Turkey extends layoff ban for another two months
With a Presidential decree published in the Official Gazette, the layoff ban on employers has been extended for 2 months.
9 March 2021
A-101 grocery chain workers protest working conditions, demand overtime pay
The workers have said that they are forced to work more than 12 hours a day without overtime pay.
8 March 2021
Former Halkbank executive Hakan Atilla resigns as head of İstanbul Stock Exchange
Atilla served 24 months in prison in the US for helping Iran evade sanctions before being appointed as the head of Borsa İstanbul.
8 March 2021
At least 138 workers lost their lives in February
Also, at least 858 workers have died of Covid-19 since the start of the pandemic, according to the İSİG report.
8 March 2021
Labor groups, opposition politicians call for basic income guarantee amid high inequality
"Social assistance provided as charity rather than rights do not prevent poverty but perpetuate it," 92 groups have said in a joint statement.
4 March 2021
1,042 workers lost their lives in Turkey’s mines in 10 years
Union of Chambers of Turkish Engineers and Architects (TMMOB) Chair Koramaz says, “Looking on occupational homicides and associating the incidents with fate and disposition, the political power holders are making great efforts to protect this system.”
4 March 2021
Turkey’s annual inflation rate tops 15 percent
According to the Turkish Statistical Institute (TurkStat), the country’s consumer price index increased by 15.61 percent annually and by 0.91 percent monthly.
3 March 2021
TurkStat: Turkey's economy grew by 1.8 percent in 2020
The country's GDP grew by 5.9 percent in the last quarter of 2020, according to the TurkStat.
1 March 2021
Union’s central office signs labor contract, strike ends in Maltepe
On the sixth day of municipal workers’ strike in İstanbul’s Maltepe, the head office of the Public Services Employees Union of Turkey has signed the collective labor agreement. The strike has officially ended amid workers’ protests against the head office.
1 March 2021
92.6 percent of shopkeepers in İstanbul cannot meet fixed costs
According to a survey conducted by the İstanbul Metropolitan Municipality with the participation of 702 shopkeepers in 39 districts, 92.6 percent of shopkeepers in the city are having problems with paying their rent, bills and workers’ salaries.
1 March 2021
Türk-İş: Starvation line increased by 2.5 percent from last month
For a family of four, the starvation line was 2,719 lira and the poverty line was 8,568 lira.
26 February 2021
Municipal workers of İstanbul’s Beşiktaş to go on strike as well
As no agreement has been reached in the collective bargaining, the Public Services Employees Union of Turkey (Genel-İş) has put a sign of strike on the Beşiktaş Municipality in İstanbul. The strike will begin on March 15 if the deadlock continues.
26 February 2021
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Moody’s revises up Turkey's economic growth forecast
Moody's has revised Turkey's growth rates for 2020 and 2021 from minus 5 percent to 1.1 percent and from 3.5 percent to 4 percent, respectively.
25 February 2021
Workers of İstanbul’s Maltepe Municipality go on strike
After Kadıköy Municipality, the workers of Maltepe Municipality in İstanbul have gone on strike as the parties could not reach an agreement during collective bargaining.
23 February 2021
Fitch revises Turkey’s outlook from negative to stable
Fitch Ratings has affirmed Turkey’s credit rating at “BB-” while revising its outlook to stable from negative. The agency expects Turkey's current account deficit to fall to 2.9 percent in 2021 and 2.1 percent of GDP in 2022.
22 February 2021
Only a third of applications for unemployment allowance accepted during pandemic
The money in the fund decreased although fewer people were granted unemployment benefits in 2020, CHP deputy Şeker has noted.
19 February 2021
President extends short time work allowance until March 31
The government introduced the short time allowance and layoff bans in order to reduce the economic impact of the pandemic.
19 February 2021
Health Minister: 2,412 physicians resigned in Turkey in 6 months
Minister of Health Fahrettin Koca has answered the Parliamentary question of main opposition CHP MP Bayır regarding the number of doctors who resigned during the pandemic. 2,412 doctors resigned, according to Koca’s answer.
18 February 2021
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Collective bargaining ends in a deadlock, municipal workers go on strike
The workers of İstanbul’s Kadıköy Municipality have gone on strike as of midnight. If a similar deadlock is reached in the collective bargaining at Ataşehir and Kartal Municipalities in İstanbul, they will also stage a strike.
16 February 2021
Hikmet Adal
Highest price increases recorded in travel, furniture, vegetable oil during pandemic
"Since February 2020, the Covid-19 outbreak has radically changed consumer and investor behavior," says the group's report.
15 February 2021
‘67 percent of healthcare workers subjected to violence at least for once’
According to a countrywide project documenting incidents of violence faced by healthcare workers, the occupational groups subjected to violence most are emergency medical technicians, medical secretaries and patient care workers.
15 February 2021
'Over 10 million people are unemployed in Turkey'
The Research Center of the Confederation of Progressive Trade Unions of Turkey (DİSK) has shared its own statistics on unemployment in Turkey, underlining that the broad unemployment rate in Turkey was 28.8 percent in November.
11 February 2021
Unemployment rate in Turkey is 12.9 percent, says TurkStat
The Turkish Statistical Institute (TurkStat) has announced the labor force statistics for November 2020. According to the TurkStat, the number of unemployed people decreased by 303 thousand in November, which marked a 0.4 point decrease.
10 February 2021
At least 199 workers lost their lives in January
The most common cause of death was again Covid-19.
9 February 2021
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