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ECONOMY
Page 28
Turkey’s Central Bank keeps policy rate constant at 8.25 percent
The Central Bank has kept the policy rate (one-week repo auction rate) constant at its current level of 8.25 percent. Referring to the “uncertainties regarding demand conditions,” the Bank has said that “it will continue with its liquidity measures.”
20 August 2020
Gold price per ounce is over 2,000 dollars, again
The gold price per ounce has exceeded 2,000 US dollars again. The price of gram gold has seen 477 şira while the exchange rates of US dollar and Euro are still record high.
18 August 2020
Cargill workers continue to demand reemployment after Covid-19 break
Fourteen Cargill workers were dismissed two-and-a-half years ago due to union activities and have not been rehired despite a court ruling.
17 August 2020
‘Turkey is losing control of the pandemic,’ warns Turkish Thoracic Society
In a written statement, the society has underlined that there is a serious increase in the number of coronavirus cases in Turkey, as far as it is informed by its members, and noted that “Turkey is considered to be nearing its second peak in the first wave.”
17 August 2020
Can Turkey’s health workers survive this winter?
This “army” lived through March, April, May, they now go through June, July, August, without finding time to breathe, and they will enter fall-winter in pandemic conditions. Health workers’ inability to survive this winter means a disaster for public health.
17 August 2020
Eriş Bilaloğlu
Turkey’s industrial production increased by only 0.1 percent annually
According to the Industrial Production Index announced by the Turkish Statistical Institute (TurkStat) for June, Turkey’s industrial production has increased by 17.6 percent monthly while it has increased by only 0.1 percent annually.
14 August 2020
Turkey’s Finance Minister Albayrak: What matters is not the level of exchange rate
Hosting Finance Minister Albayrak on CNN Türk, Ahmet Hakan said, “I get panicked when the exchange rate of US dollar rises. Should we be concerned,” to which Albayrak responded: “Do you get your wage in dollars?”
13 August 2020
Health and Safety Labor Watch: At least 164 workers lost their lives in July
A total of 1,098 workers lost their lives in occupational homicides this year, according to the İSİG report.
12 August 2020
COVID-19 in Turkey: 8 tests for ruling AKP MP, none for health worker
In a statement released by the Health and Social Service Laborers’ Union (SES), it has been announced that health worker Davut Ak wanted to be tested for COVID-19 as he showed the symptoms; however, his request has been rejected.
12 August 2020
Only 10 percent of the unemployed receive unemployment benefits
Turkey's unemployment fund paid 401,645 people unemployment benefits last month whereas the number of unemployed in the country is nearly four million.
12 August 2020
‘Lives of workers are more valuable than refrigerators’
Confederation of Progressive Trade Unions of Turkey has protested coronavirus deaths in Vestel factory: “The mentality of employers and government who think ‘We will produce in all conditions’ puts workers' right to life and health at risk.”
11 August 2020
Union: 153 Dardanel workers infected with coronavirus, 56 hospitalized
Workers of a canned fish company in northwestern Turkey work during the day and are forced to stay at "quarantine dormitories" at night.
10 August 2020
Ruken Tuncel
Employment decreased by 2 million 411 thousand people in a year, says TurkStat
According to the Labor Force Statistics shared by the TurkStat, the number of unemployed dropped by 331 thousand people in May, when the effects of the pandemic were strongly felt. May also witnessed a 4.7 point annual decrease in employment rate.
10 August 2020
Canned fish company workers still 'locked in' at factory due to Covid-19 outbreak
The factory owner says the "forced quarantine" of the workers was recommended by public authorities, who say that they await workers' objection for lifting the quarantine.
7 August 2020
Ruken Tuncel
Turkey's Central Bank to 'use all tools' to reduce currency volatility
The bank's statement came after a spike in the US dollar and Euro.
6 August 2020
IMF: Turkey is vulnerable to shocks
"In the near term, policies need to cushion the impact of the Covid-19 crisis and protect the most vulnerable through temporary and targeted fiscal support," the fund has stated in its External Sector Report.
5 August 2020
ILO's child labor convention ratified by all of its members
For the first time in the organization's history, all members have ratified an international labor convention.
5 August 2020
Annual inflation rate increases by 11.76 percent
The average prices of 253 out of 428 items in the inflation basket have increased, according to the TurkStat.
4 August 2020
Canned fish company 'takes workers hostage' after Covid-19 outbreak
After more than 40 workers tested positive for coronavirus, the Dardanel company has decided to keep workers in the factory and make infected personnel work for 14 days. A union chair has said, "Dardanel has taken the workers as hostages."
30 July 2020
Sakine Orman
Turkey’s foreign trade deficit increased by 73.2 percent in the first six months of 2020
According to the Foreign Trade Statistics announced by the TurkStat, Turkey’s exports increased by 15.7 percent and imports increased by 8.3 percent in June.
29 July 2020
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Türk-İş: Starvation, poverty lines slightly drop in July
For a four-member family, the starvation line was 2,406 lira and the poverty line was 7,838 lira, the survey has found.
27 July 2020
Miners from Soma stage a sit-in protest, demanding their compensation
Miners from Soma have been struggling for their compensation and pension right for five years now. Staging a sit-in protest in front of sub-governor’s office since July 19, they say, “We will march to Ankara if the omnibus bill does not pass the Parliament.”
23 July 2020
Sakine Orman
Education minister criticized for 'normalizing child labor'
Minister Selçuk visited seasonal agricultural workers and gave out books to children.
23 July 2020
Central Bank keeps policy rate constant
The bank has held its one-week repo rate unchanged at 8.25 percent, keeping it steady for the second straight month.
23 July 2020
Workers attacked in Yozgat: ‘We narrowly escaped lynch’
Attacked by a group of people organized by village heads wanting to charge them a “head tax”, Kurdish workers from Mardin have recounted what they went through in Yozgat, where they went to work in a forest, but had to leave afterwards.
23 July 2020
Kurdish workers attacked in Yozgat province for ‘head tax’
Workers from Turkey's southeastern Mardin province went to Yozgat to work in a forest. Organized by the village heads who wanted to charge them a “head tax”, a group of people attacked the workers, who then had to leave the province.
22 July 2020
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US appeals court upholds former Halkbank manager's sentence
Hakan Atilla, a former manager of Turkey's state-owned Halkbank, was sentenced to 32 months in prison for evading the US sanctions on Iran.
21 July 2020
Union: Turkey-based clothing, shoe companies violate Palestinian workers' rights
Workers at the Palestinian branches of the companies have been forced to unpaid overtime work, the DİSK has stated.
17 July 2020
Households in Turkey spent most on housing, rent in 2019
The TurkStat has announced the results of the annual household budget survey.
16 July 2020
Turkey fines brokerage houses, investors for violating short selling ban
Eighteen investors and seven brokerage houses have been fined 2.4 million dollars for non-compliance with short-selling ban.
14 July 2020
Report: Covid-19 caused greatest loss of employment in Turkey's history
The unemployment rate stood at 28.7 percent in April according to the broad definition of unemployment while women have been affected significantly more than men, the DİSK-AR report says.
13 July 2020
TurkStat: Number of employed people has decreased by 2.5 million people in a year
According to Labor Force Statistics of the TurkStat for April, the number of unemployed people has dropped by 427 thousand to 3 million 775 thousand in a year. Employment has dropped by 2 million 585 thousand people in the meantime.
10 July 2020
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