ECONOMY - Bianet

ECONOMY

Page 31

Further Interest Rate Cut by Central Bank

Further Interest Rate Cut by Central Bank

The Monetary Policy Committee of the Central Bank has cut the policy rate by 250 basis points, thereby lowering it from its former level of 16.50 percent to 14 percent.

24 October 2019

Hakan Atilla Appointed Chair of İstanbul Stock Exchange

Hakan Atilla Appointed Chair of İstanbul Stock Exchange

Minister of Treasury and Finance Berat Albayrak has announced that Hakan Atilla, the former Deputy General Manager of Halkbank who served time in prison for violating US sanctions against Iran, will take office as the Chair of Borsa İstanbul.

22 October 2019

4 Million 596 Thousand People Unemployed

4 Million 596 Thousand People Unemployed

The Turkish Statistical Institute (TurkStat) has released its labor force statistics for July 2019. Accordingly, while the rate of unemployment is 13.9 percent in July, the total number of unemployed is 4 million 596 thousand people.

15 October 2019

İSİG Assembly: 145 Workers Killed in Occupational Homicides in September

İSİG Assembly: 145 Workers Killed in Occupational Homicides in September

Eleven of the killed workers were female and nine of them were refugees.

Mine Workers to March from Soma to Ankara

Mine Workers to March from Soma to Ankara

More than 3,500 mine workers will walk from Manisa to Ankara for the seniority indemnity payments they have not been able to receive for five years.

Economists Comment on Single-Digit Inflation: Inflation Falls, Prices Keep on Rising

Economists Comment on Single-Digit Inflation: Inflation Falls, Prices Keep on Rising

Commenting on the inflation figures announced by the TurkStat for September earlier today, economists are of the opinion that these figures will not be kept at this level.

Turkish Statistical Institute: Inflation 9.26 Percent, Highest Price Increase in Housing

Turkish Statistical Institute: Inflation 9.26 Percent, Highest Price Increase in Housing

According to the TurkStat statistics on consumer and producer price indexes for September, the annual inflation has been down to single digits, namely 9.26 percent. The highest monthly price increase has been recorded in housing with 2.15 percent.

Economist Güngen: It is Not Right to Say the Economy is Rebalancing

Economist Güngen: It is Not Right to Say the Economy is Rebalancing

Ali Rıza Güngen has evaluated the New Economic Program for bianet: It is said that there has been a rapid economic rebalancing since last year. However, all macroeconomic indicators show that Turkey's economy worsens.

2 October 2019 Hikmet Adal

Economists Say New Economic Program 'Far From Convincing'

Economists Say New Economic Program 'Far From Convincing'

Economists have tweeted on the program announced by the Minister of Treasury and Finance.

30 September 2019

Minister Announces New Economic Program: We will Fall Behind Our Growth Target This Year

Minister Announces New Economic Program: We will Fall Behind Our Growth Target This Year

Albayrak has said they revised the inflation target next year as 8.5 percent, which was previously 9.8 percent.

30 September 2019

Poverty Line Stands at 6,724 Lira

Poverty Line Stands at 6,724 Lira

According to Türk-İş survey, the starvation limit of a family of four was 2,064 lira in this month.

26 September 2019

H&M Workers to Go on a Strike

H&M Workers to Go on a Strike

As the Koop-İş Union and Sweden-based clothing-retail company H&M cannot agree on a collective labor agreement, the union has decided to go on a strike. The strike of H&M workers will start on October 4.

18 September 2019 Hikmet Adal

Youth Unemployment Almost 25 Percent, Informal Labor Increases

Youth Unemployment Almost 25 Percent, Informal Labor Increases

The Turkish Statistical Institute (TurkStat) has announced labor force figures for June.

16 September 2019

Central Bank Cuts Interest Rates

Central Bank Cuts Interest Rates

The Central Bank Monetary Policy Committee has reduced the policy rate from 19.75 percent to 16.50 percent.

12 September 2019

What does Erdoğan Mean by Alternative Finance?

What does Erdoğan Mean by Alternative Finance?

What is “Alternative Finance” that President and ruling AKP Chair Recep Tayyip Erdoğan has said to be swiftly expanding in the world? Speaking to bianet, economist Ali Rıza Güngen has commented on Erdoğan’s statement.

9 September 2019 Hikmet Adal

Erdoğan: We will Take Bold Steps in Alternative Finance

Erdoğan: We will Take Bold Steps in Alternative Finance

President and ruling AKP Chair Erdoğan has indicated that “alternative financial transactions are becoming more widespread in the world” and added, “We will take bold and determined steps in terms of alternative finance in the forthcoming period.”

9 September 2019

At Least 148 Workers Lose Their Lives in August

At Least 148 Workers Lose Their Lives in August

Of the killed workers, 14 were children, 12 were women and 11 were immigrants. The total number of occupational homicides this yeart was 1,174.

9 September 2019

'There's No Work Safety, It is Only on Paper'

'There's No Work Safety, It is Only on Paper'

Two workers fell and lost their lives at a bulding under construction in İzmir. Speaking to bianet about the occupational homicide, construction worker Kalın said, "They began working that day. We didn't even know their names properly."

6 September 2019 Ayça Söylemez

Inflation Figures for August Disputed, Economist Says 'Quite Bizarre'

Inflation Figures for August Disputed, Economist Says 'Quite Bizarre'

Economists and political parties have said the TurkStat figures for annual inflation rates do not reflect the truth.

3 September 2019

Inflation Figures Show Tobacco and Alcohol Prices Increased Most

Inflation Figures Show Tobacco and Alcohol Prices Increased Most

Consumer prices in Turkey went up by 15.01 percent in August compared to the same month last year, the TurkStat has announced.

3 September 2019

Turkey's Economy Shrinks by 1.5 Percent in Second Quarter

Turkey's Economy Shrinks by 1.5 Percent in Second Quarter

The total value added increased by 3.4 percent in the agricultural sector, decreased by 2.7 percent in the industry sector and 12.7 percent in the construction sector and 0.3 percent in the services sector, the TurkStat has announced.

2 September 2019

Cargill Workers' Resistance on 500th Day: 'When We Win, the Working Class will Win"

Cargill Workers' Resistance on 500th Day: 'When We Win, the Working Class will Win"

The resistance of Cargill workers who were dismissed for being members of a union continues. "When it is won, not just 14 workers, but the working class will win," says Karlıkaya from the union.

Exports Increase, Imports Decrease in July

Exports Increase, Imports Decrease in July

The Turkish Statistical Institute (TurkStat) has announced its external trade statistics for July 2019. Accordingly, while exports have increased by 7.9 percent in July, imports have decreased by 8.5 percent in comparison with last July.

‘AKP Dismissed me for Three Times, I am Resisting Again’

‘AKP Dismissed me for Three Times, I am Resisting Again’

Discharged from public service by a Statutory Decree four months after being employed as a permanent worker, cleaning worker Türkan Albayrak has been continuing her one-person protest against her discharge for a year now.

28 August 2019 Ayça Söylemez

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Shortly after transactions started in Asian markets earlier today, the exchange rate of US Dollar hit 6.39 Turkish Lira. After a value loss of over 15 percent, the exchange rate has fallen back to the level of 5.80 Lira.

Trailer Rolls Over in Manisa: 11 Workers Including Children Injured

Trailer Rolls Over in Manisa: 11 Workers Including Children Injured

The gendarmerie has launched an investigation into the accident.

Industrial Production Decreases in June

Industrial Production Decreases in June

Industrial production has been decreased by 3.9 percent compared to same month last year.

‘Occupational Homicides a Result of Precarious and Excessive Work’

‘Occupational Homicides a Result of Precarious and Excessive Work’

After a worker has lost his life and another has been wounded in an occupational homicide at İstanbul Airport, Murat Çakır from the Laborers’ Health and Occupational Safety (İSİG) Assembly has spoken to bianet: “The future that they promise is deaths.”

15 August 2019 Ruken Tuncel

TurkStat: Unemployment Increases by 1 Million 21 Thousand People in a Year

TurkStat: Unemployment Increases by 1 Million 21 Thousand People in a Year

According to the labor force statistics shared by the Turkish Statistical Institute (TurkStat) for May 2019, the number of unemployed was 4 million 157 thousand people and unemployment rate was 12.8 percent.

Occupational Homicide at İstanbul Airport: One Worker Loses His Life

Occupational Homicide at İstanbul Airport: One Worker Loses His Life

A vehicle fell on workers in a maintenance workshop in İstanbul Airport. While one worker has lost his life, one other has been seriously injured.

Union Chair Forgets to Turn Microphone Off: 'If This Took Longer, We Would Mess Up'

Union Chair Forgets to Turn Microphone Off: 'If This Took Longer, We Would Mess Up'

After accepting the government's offer for a lower increase in salaries, Türk-İş Chair Atalay said to Labor Minister, "If this takes longer, we will mess up. At least this way, I finished it."

Current Account Balance Posts 548 Million Dollars Deficit in June

Current Account Balance Posts 548 Million Dollars Deficit in June

The 12-month cumulative current account recorded 538 million US dollars surplus.

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