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ECONOMY
Page 22
Turkey ranks last in financial support for citizens during pandemic
According to a recent report by the Research Center of the Confederation of Progressive Trade Unions of Turkey (DİSK), Turkey has allocated only 1.1 percent of its GDP for its citizens, including their health expenditures, during the pandemic.
8 February 2021
Delivery, grocery work during pandemic: 'Everyone is not on the same boat'
Most of the workers are concerned about the future and don't want to become unemployed in the time of the pandemic, shows a new study.
3 February 2021
Ayça Söylemez
Turkey’s consumer inflation rate according to TurkStat: 14.97 percent
The Turkish Statistical Institute (TurkStat) has released the Consumer Price Index (CPI) statistics for January 2021. The figures of the TurkStat have shown that the CPI increased by 14.97 percent annually and 1.68 percent monthly in January.
3 February 2021
Construction workers protest Algeria, contractor over unpaid wages
Workers gathered in front of Algeria's consulate in İstanbul, demanding to be paid.
2 February 2021
Turkey’s foreign trade deficit increased by 69.1 percent in 2020
According to the Foreign Trade Statistics announced by the TurkStat for December 2020, Turkey’s exports decreased by 6.3 percent and imports increased by 4.3 percent in the period of January-December 2020.
29 January 2021
Central Bank governor says it's 'too early' to talk about an interest rate cut
After Ağbal's appointment, the policy rate has been raised from 10 percent to 17.25 percent.
28 January 2021
Soma mine explosion: Court of Cassation reverses own verdict, reduces sentences
With the new ruling, none of the defendants will go back to prison for the 2014 coal mine explosion that killed 301 workers.
28 January 2021
Audit reports of Turkey Wealth Fund labeled as 'classified'
The general director of the fund has said that it has 1 million Euro of debt with a capital of 33 billion dollars.
28 January 2021
Workers of a solar panel factory not paid their wages, severance for over 2 years
The CSUN factory, a manufacturer of solar panels, was opened in 2012 with the incentive of the ruling AKP. Six years later, its managers left Turkey and the factory was closed. Over 400 workers have not been paid their wages or severance since then.
28 January 2021
Hikmet Adal
5 cities account for over 50 percent of Turkey’s total GDP
Turkish Statistical Institute (TurkStat) has released its statistics on Gross Domestic Product (GDP) by Provinces in 2019. While İstanbul had the highest share with 30.7 percent, the last three provinces were Tunceli, Ardahan and Bayburt in the east.
27 January 2021
Workers halt work at Galataport for their unpaid wages
Unable to get their wages, workers halted work at the construction site of Galataport, a controversial urban project on the Asian side of İstanbul.
26 January 2021
Court of Accounts report: Billion-lira loss incurred by 3 public enterprises
According to the report of Turkey’s Court of Accounts, 23 of 81 public enterprises incurred losses in 2019. The highest amount of loss was made by the Petroleum Pipeline Corporation (BOTAŞ) with 5.6 billion Turkish Lira.
26 January 2021
Police intervention against health workers in Ankara
A group of health workers from Ankara City Hospital applauded in protest for their employee personal rights. Police intervened into the protest, detaining several health workers. The detained have been released later in the day.
22 January 2021
Turkey’s Central Bank keeps interest rate constant
The Monetary Policy Committee of Turkey’s Central Bank has kept the policy rate (one-week repo auction rate) constant at 17 percent.
21 January 2021
Construction workers at İstanbul Finance Center riot after finding cockroaches in their food
The incidents happened at a construction site run by a company close to the government.
20 January 2021
Turkey sees highest increase in food prices among OECD countries
The food prices in Turkey have seen an increase of 20.6 percent over the past year, which makes the country ranks second after Argentina among developing countries.
18 January 2021
Healthcare workers protest their pay rise
Healthcare workers have criticized the 3+3 percent pay rise to take effect in 2021: “Over the past year, natural gas prices have increased by 32 percent, electricity prices by 31 percent, legumes by 60 percent, cheese by 27 percent, eggs by 80 percent…”
15 January 2021
Central Bank survey: Exchange rate of dollar to lira expected to surpass 8 by year-end
The Central Bank has released the results of its expectation survey.
15 January 2021
‘Those who don’t give me my money live in luxury’
Not paid their wages and severance for years, the workers of Bimeks electronics retailer turn wherever their bosses go into a site of protest. “We are trying to exert pressure by targeting their identities known by the public,” says Celep from Umut-Sen union.
13 January 2021
Melisa Elçin Özçelikel
At least 2,427 workers died in occupational homicides in 2020
According to the annual report of Health and Safety Labor Watch, at least 2,427 workers lost their lives in occupational homicides in 2020. This number was 1,736 in 2019.
13 January 2021
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Workers protest construction company for not paying salaries
Workers of a construction company have not been able to receive their salaries for two years.
13 January 2021
Turkey's broad unemployment rate hits 27 percent as women affected much worse
During the pandemic, women's employment was affected much more than men's as the broad unemployment rate for women was 35.8 percent in October, the report says.
12 January 2021
Police prevent dismissed Cargill workers' demonstration in front of ministry
The workers have not been reinstated despite winning a lawsuit against the company.
11 January 2021
Occupational homicide in Zonguldak province
Ramazan Toprak (34), working in the night shift, got trapped between two carriages and lost his life in a mine of the Turkish Hard Coal Enterprise Institution (TTK) in Turkey’s Black Sea province of Zonguldak.
11 January 2021
Number of unemployed according to TurkStat: 4 million
The Turkish Statistical Institute (TurkStat) has announced the labor force statistics for October 2020. According to the TurkStat, the unemployment rate was 12.7 percent in October, which marked a 1.1 percentage point annual decrease.
11 January 2021
Case of Sakarya fireworks factory explosion starts
Seven workers lost their lives and more than 120 were wounded in the explosion in early July.
6 January 2021
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Treasury to pay 390 million lira for vehicles that didn't pass through Eurasia Tunnel in 2020
The bridges, tunnels and highways built by public-private partnerships have become "black holes," says an opposition MP.
5 January 2021
‘Turkey’s consumer inflation rate was 36.72 percent in 2020’
Shortly after TurkStat, the state agency producing official statistics on the country, announced the annual consumer inflation rate in Turkey as 14.6 percent, the Inflation Research Group (ENAG), founded by a group of academics, has shared its own estimate.
4 January 2021
Annual inflation rate according to TurkStat: 14.6 percent
According to the “Consumer Price Index” announced by the Turkish Statistical Institute (TurkStat), in December 2020, the only annual decrease was recorded in the prices of clothing and footwear with 0.32 percent.
4 January 2021
Layoff ban extended for another two months
The layoff ban and short time work allowance have been in place since the early days of the pandemic.
30 December 2020
Opposition-led municipalities announce higher minimum wages for their employees than government
The government has increased the minimum monthly wage by 21.56 percent for next year.
28 December 2020
‘If you make health personnel work, there is a causal link’
The Turkish Medical Association (TTB) has organized an online panel and reiterated its demand for the novel coronavirus (COVID-19) to be recognized as an occupational disease for healthcare personnel without seeking a causal relation.
28 December 2020
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