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ECONOMY
Page 3
Central Bank raises interest rates by 500 basis points
The Monetary Policy Committee increased the policy rate, which is the one-week repo auction interest rate, from 30% to 35%.
26 October 2023
Energy Minister Bayraktar: 'Akkuyu Nuclear Power Station is a Turkish company'
Akkuyu Nuclear Power Station is a project entirely under Turkey's control argued Energy and Natural Resources Minister Alparslan Bayraktar.
9 October 2023
Former finance minister appointed as deputy chair of Kalyon Holding
CHP leader previously claimed that the company had received a tax exemption worth 9 billion liras and labeled it as part of a group he referred to as the "Gang of Five."
28 September 2023
Rising inflation expected following post-election lira slide, tax hikes
A Central Bank survey shows an increased inflation forecast.
28 September 2023
Cabinet meeting will focus on economy
The Presidential Cabinet is set to discuss economic developments.
26 September 2023
Operating rights of 96 hydroelectric power plants transferred to the private sector
Niğde MP Ömer Fethi Gürer submitted a written parliamentary question to the Ministry of Energy and Natural Resources, requesting information about Turkey's energy needs and whether Turkey has the infrastructure to meet them.
25 September 2023
DİSK holds Retirees' Demonstration in İstanbul
Retirees gathered in Kartal square in Istanbul on Sunday for a "Retirees' Meeting" organized by the Confederation of Progressive Workers' Unions (DİSK).
25 September 2023
Coal miner mistakenly shot by guards in Şırnak
The guards rushed the worker to the hospital after noticing him but the worker could not be saved despite all efforts.
25 September 2023
Hundreds of workers suffer from food poisoning at Turkey's Akkuyu nuclear plant
A worker who reached out to an MP to reveal the incident said Russian employees on the construction site have privileges over local employees, including better food.
21 September 2023
Trendyol delivery workers detained during protest for better wages
When the workers went outside the company's headquarters in İstanbul, police detained some of them.
20 September 2023
Greenhouse workers protest outside embassies of Germany, Russia
The workers, most of whom are women, were dismissed from a greenhouse company after being unionized. The company makes exports to Germany and Russia.
20 September 2023
Ali Dinç
Worker compelled to operate crane in severe winds killed after collapse
Despite the alleged use of older machinery, a construction site in an industrial area in İstanbul remained operational despite strong winds, while all other sites halted their activities.
20 September 2023
Demonstration in Ankara by Sputnik strikers
Mahir Bağış, the TGS Ankara Branch president said during the demonstration, "We will know we are not alone as long as you do not provide interviews or statements to Sputnik during the strike."
15 September 2023
Collapse in coal mine in Zonguldak: One worker loses his life
As a result of the collapse in the mine at the TTK Armutçuk Facility in Karadeniz Ereğli, one worker lost their life. Communication with and rescue efforts for three workers trapped under the debris continue.
13 September 2023
Police beat, detain İzmir greenhouse workers protesting for reinstatement
The company had fired dozens of workers after they unionized. The workers demand either their severance pay or reinstatement.
11 September 2023
201 workers, 10 children among them, killed on the job in August
The number of workers killed on the job exceeded 200 in a month for the first time in twelve years that the Health and Safety Labor Watch has been collecting this data except for the coronavirus pandemic period and the Soma mine disaster.
11 September 2023
Turkey's unemployment rate drops in July
The narrow unemployment rate and the broad unemployment rate declined by 0.2 points ands 1.5 points, respectively.
11 September 2023
Three agricultural workers killed in traffic accident
At least 52 agricultural and forestry workers were killed on the job last month, making up more than one fourth of all work-related deaths.
11 September 2023
Layoffs in Amnesty International Turkey branch
The layoffs came after Amnesty International left the collective bargaining negotiations with DİSK Sosyal-İş union. Eight out of the 24 employees were laid off, causing concern among both those who were let go and those who remain.
5 September 2023
Cost of living in İstanbul rises 80,6 percent in a year
According to a study by the Istanbul Planning Agency, the cost of living in Istanbul has increased by 80.59% compared to August of the previous year, reaching 42,593 lira per month for a family of four.
5 September 2023
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Turkey's official inflation rate rises by over 10 points in August
The Central Bank had raised its year-end inflation forecast to 58% in July. Inflation has already exceeded this rate, having surged by 20 points in the past two months.
4 September 2023
Sputnik strike: Court rejects request by management to suspend the strike
Sputnik Turkey management, which has fired 24 journalists after the strike action at the news outlet was announced, went to court against the strike, but the 4th Labor Court of Istanbul rejected taking a "precautionary measure" against the strike.
1 September 2023
'Inflation to start declining in 2024'
Central Bank Governor Hafize Gaye Erkan stated that they are working to lay the groundwork for inflation to start declining in 2024.
28 August 2023
Turkey tops global ranking of housing price inflation in Q1 2023
The three largest cities of the country stood out as the cities with the most significant spikes in housing prices.
28 August 2023
Turkey hikes interest rates by 750 basis points
The Turlish lira gained value following the decision.
24 August 2023
Online delivery giant Getir to lay off 2,500 employees in nine countries
The company that saw a surge in its growth during the pandemic will slow down its operations in some of the countries it invested in.
23 August 2023
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İstanbul municipal workers conclude protests after gains
Workers of the municipality's Tree and Landscape Corporation have been protesting for eight days.
22 August 2023
Construction workers' strike in Tanzania ends with gains
Workers of a Turkey-based company had been on a strike in Tanzania for two weeks for their unpaid wages.
18 August 2023
Vecih Cuzdan,Ali Dinç
Court rules that severance pay should be paid to employee who was forced to resign
S.Y., who resigned under pressure in Gaziantep, has won the lawsuit she filed to claim severance pay. The higher court, after hearing the witnesses, decided to grant severance pay despite the resignation letter being in 'handwriting'.
17 August 2023
Second offer from the government to civil servants for pay rise
The government had presented the first offer for the pay rise concerning 4 million civil servants and 2.5 million retired civil servants on August 15.
17 August 2023
Public employees stage one-day strike over government's low raise proposal
As the government's offer failed to meet their expectations, members of the KESK union confederation carried out a one-day work stoppage across the country.
17 August 2023
İstanbul Municipality workers continue protest for improved wages
Workers of a subsidiary of the municipality want to benefit from a recently signed collective labor agreement.
16 August 2023
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