ECONOMY - Bianet

ECONOMY

Page 33

Coal Operations Authority Destroys Tons of Cosmetics After Failing to Attract Consumers

Coal Operations Authority Destroys Tons of Cosmetics After Failing to Attract Consumers

The state agency for coal operations had entered the cosmetics sector, producing various goods from shampoos to sunscreens and depilatory creams.

13 January 2020

Number of Unemployed in October 2019: 4 Million 396 Thousand People

Number of Unemployed in October 2019: 4 Million 396 Thousand People

The TurkStat has announced the Labor Force Statistics for October 2019. Marking a 1.8-point increase in comparison with last October and a 0.4-point decrease when compared to September 2019, the unemployment rate is 13.4 percent.

10 January 2020

Municipal Employee Not Reinstated or Paid Despite Winning Lawsuits

Municipal Employee Not Reinstated or Paid Despite Winning Lawsuits

Dilek Akarca, who has been unemployed for three years, won three lawsuits against Yalova Municipality but was neither paid not reinstated to her job.

8 January 2020 Hikmet Adal

Annual Inflation in 2019: 11.84 Percent

Annual Inflation in 2019: 11.84 Percent

According to the figures shared by the Turkish Statistical Institute (TurkStat), inflation has increased by 1.74 percent in December 2019 and by 11.84 percent on an annual basis.

Employers Arrested Over Torture of 2 Child Workers

Employers Arrested Over Torture of 2 Child Workers

Previously released on probation, two employers have been arrested over the torture of two child workers upon the objection of the prosecutor’s office.

Public Officer Not Reinstated Despite Court Verdict

Public Officer Not Reinstated Despite Court Verdict

"I won the lawsuit but I don't have a friend at court and I'm an Alevi," Şentürk says.

31 December 2019 Ayça Söylemez

Two Child Workers Tortured by Their Employer

Two Child Workers Tortured by Their Employer

Two siblings working at an auto spare parts shop have been tortured for "forgetting the size of a screw" and "bending a material incorrectly."

27 December 2019

Dead Body of Miner Recovered from Debris of Unlicensed Mine in Şırnak

Dead Body of Miner Recovered from Debris of Unlicensed Mine in Şırnak

Trapped under debris after an unlicensed mine collapsed in Şırnak, the dead body of miner Hasan İnal has been taken to the mortuary of Şırnak State Hospital for postmortem examination. Detained yesterday, İnal’s family has been released.

26 December 2019

Kayı Construction Workers Go on Strike in Algeria

Kayı Construction Workers Go on Strike in Algeria

More than 300 workers from Turkey, Vietnam and Pakistan have gone on a strike because they have not been able to receive their salaries for over a year.

19 December 2019 Ayça Söylemez

State-Owned Ziraat Bank Drops Application to Buy Bakery Chain After Erdoğan's Remarks

State-Owned Ziraat Bank Drops Application to Buy Bakery Chain After Erdoğan's Remarks

The bank had applied to buy the majority stake of the Simit Sarayı, a Turkey-based international bakery chain.

19 December 2019

Treasury to Pay 255 Million Euro to Airport Contractor for 'Nonexistent' Passengers

Treasury to Pay 255 Million Euro to Airport Contractor for 'Nonexistent' Passengers

An airport has only had four percent of the number of passengers that was guaranteed in the build-operate-transfer deal. Hence, the Treasury paid for the other 96 percent.

18 December 2019

Unemployment on the Increase: 4 Million 566 People Unemployed in Turkey

Unemployment on the Increase: 4 Million 566 People Unemployed in Turkey

According to the Labor Force Statistics released by the TurkStat for September 2019, the number of unemployed people has become 4 million 566 thousand, marking an annual increase of 817 thousand. The unemployment rate has reached 13.8 percent.

16 December 2019

Central Bank Reduces Policy Rate to 12 Percent

Central Bank Reduces Policy Rate to 12 Percent

The bank reduced the one-week repo rate for the fourth time since July.

12 December 2019

İSİG Assembly: At Least 126 Workers Killed in Occupational Homicides in November

İSİG Assembly: At Least 126 Workers Killed in Occupational Homicides in November

According to the Health and Safety Labor Watch Report, 1,606 workers lost their lives in occupational homicides in 2019.

6 December 2019

Treasury Takes Over Majority Stake in State-Owned Vakıfbank

Treasury Takes Over Majority Stake in State-Owned Vakıfbank

The Treasury will take over Turkey's third-largest state-owned bank upon a Presidential Decree.

4 December 2019

Inflation Hits Double-Digit Figures Again: 10.56 Percent

Inflation Hits Double-Digit Figures Again: 10.56 Percent

According to the consumer and producer price indexes announced by the Turkish Statistical Institute (TurkStat), the annual consumer inflation has increased from 8.55 percent to 10.56 percent in November 2019.

3 December 2019

Turkey’s Economy Grows by 0.9 Percent in 3rd Quarter, Says TurkStat

Turkey’s Economy Grows by 0.9 Percent in 3rd Quarter, Says TurkStat

According to the Quarterly Gross Domestic Product (GDP) announced by the TurkStat, the economy of Turkey expanded by 0.9 percent in the third quarter of 2019. The GDP has increased by 11.5 percent, reaching 1 trillion 145 million 99 million TRY.

2 December 2019

Parliament Approves New Taxes on Digital Services, Accommodation, Housing Sales

Parliament Approves New Taxes on Digital Services, Accommodation, Housing Sales

The law aims to "collect more taxes from those earning more," according to the AKP.

22 November 2019

TurkStat Survey: 41.5 Percent of Workers Work Under Time Pressure

TurkStat Survey: 41.5 Percent of Workers Work Under Time Pressure

According to TurkStat survey on “Work Organization and Working Time Arrangements”, 41.5 percent of employees work under time pressure and 31.3 percent of workers are contacted on work matters out of their working time.

21 November 2019

Employment Decreases as Unemployment Rate Stands at 14 Percent in August

Employment Decreases as Unemployment Rate Stands at 14 Percent in August

The number of employed in August was 789 thousand less than the same month last year while the number of unemployed reached 4 million 650 thousand.

15 November 2019

Only One out of 10 Employees is Woman in Public Business Enterprises

Only One out of 10 Employees is Woman in Public Business Enterprises

The Ministry of Treasury and Finance has released the Public Business Enterprises Report 2018.

5 November 2019

Protest of Workers Bears Fruit: Safety Measures to be Taken at İstanbul Airport

Protest of Workers Bears Fruit: Safety Measures to be Taken at İstanbul Airport

The protest of 300 workers who halted work in protest of an occupational homicide at İstanbul Airport has borne fruit. The necessary safety measures requested by the protesting workers will be taken at the construction site.

4 November 2019

At Least 155 Workers Lose Their Lives in October

At Least 155 Workers Lose Their Lives in October

According to the figures announced by the Health and Safety Labor Watch, 1,477 workers have lost their lives in occupational homicides in the first 10 months of 2019. 155 workers, including two children and seven women, died in October.

4 November 2019

Annual Inflation in October: 8.55 Percent

Annual Inflation in October: 8.55 Percent

While consumer inflation has increased by 2 percent in comparison with the previous month, the annual inflation has been announced as 8.55 percent. The highest monthly increase has been recorded in prices of clothing and footwear with 11.70 percent.

4 November 2019

300 Workers Halt Work at İstanbul Airport in Protest of an Occupational Homicide

300 Workers Halt Work at İstanbul Airport in Protest of an Occupational Homicide

After 18-year-old worker Mehmet Aydın has lost his life by falling down an elevator shaft at İstanbul Airport, around 300 workers have halted work. "We will not start working until the necessary safety measures are taken", the workers have announced.

1 November 2019

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.