ECONOMY - Bianet

ECONOMY

Page 36

6 More Airport Workers Arrested

6 More Airport Workers Arrested

The number of arrested airport workers has increased to 33. Chair of the Progressive Construction Workers Union Özgür Karabulut has also been taken into custody.

157 Workers Lost Their Lives in September

157 Workers Lost Their Lives in September

The Laborers’ Health and Occupational Safety Assembly has stated that at least 157 workers lost their lives in occupational homicides in September 2018.

Inflation Hits 16-Year High in September

Inflation Hits 16-Year High in September

Consumer inflation in September has increased by 6.30 percent in comparison with the previous month and by 24.52 percent in comparison with the same month last year. As for the annual producer inflation, it has increased by 46.15 percent, hitting a 16-year high.

Another Raise in Natural Gas

Another Raise in Natural Gas

Natural gas used in housing has been raised by 9 percent following raises in August and September. Natural gas used in industry has been raised by 18.5 percent following 14 percent raises given in the last two months.

Number of Arrested 3rd Airport Workers Becomes 27, Petition Campaign Started

Number of Arrested 3rd Airport Workers Becomes 27, Petition Campaign Started

A petition campaign has been launched for the release of 3rd Airport workers, who have been arrested after protesting their bad working conditions. In the meeting, where the campaign was announced, it was stated that three more workers have been arrested.

28 September 2018

External Debt Increases by 4 Billion Dollars in First Half of 2018

External Debt Increases by 4 Billion Dollars in First Half of 2018

The gross external debt stock of Turkey as of June 30, 2018 has been announced as 457 billion dollars. The external debt of the country has increased by almost 4 billion dollars in the first six months of 2018.

28 September 2018

‘Unhealthy Working Conditions, Occupational Homicides, Long Working Hours in 3rd Airport’

‘Unhealthy Working Conditions, Occupational Homicides, Long Working Hours in 3rd Airport’

The HDP has presented its report regarding the workers’ rights violations in the construction of the 3rd Airport in İstanbul. According to the report, at least 37 occupational homicides have taken place in the construction.

28 September 2018

Data Flow Problem in İstanbul Stock Exchange Resolved

Data Flow Problem in İstanbul Stock Exchange Resolved

İstanbul Stock Exchange has announced that the data flow problem, which led to the temporary closing of all markets using the BISTECH system, has been resolved.

26 September 2018

4 Workers Taken into Custody in Construction of 3rd Airport

4 Workers Taken into Custody in Construction of 3rd Airport

Workers working in the construction of the 3rd Airport in İstanbul have protested the late arrival of service vehicles despite the rain. Four workers have been taken into custody.

25 September 2018

Moody’s: There is Risk That Government Limits Access to Foreign Currency

Moody’s: There is Risk That Government Limits Access to Foreign Currency

Moody’s has lowered Turkey’s country ceiling for long-term foreign currency bank deposits from B1 to B2, stating that there is a “risk that the government places constraints on deposit holders’ access to their foreign currency deposits.”

25 September 2018

Arrested Airport Workers: Real Culprits are Bosses Condemning Us to Inhumane Conditions

Arrested Airport Workers: Real Culprits are Bosses Condemning Us to Inhumane Conditions

Arrested 3rd Airport workers have thanked the ones who supported them by sending a message from prison and said, “The real culprits are the bosses at the IGA, who have condemned us to inhumane working conditions.”

24 September 2018

4 Mining Accidents in 4 Days

4 Mining Accidents in 4 Days

Four mining accidents took place across Turkey between September 15 and 18. In the accidents, one person lost his life and 12 people were injured. The Chamber of Mining Engineers has given a statement for the press regarding the accidents.

21 September 2018

24 Airport Workers Arrested

24 Airport Workers Arrested

24 of the workers, who stopped working in the construction of the 3rd Airport in İstanbul due to bad working conditions and occupational homicides, have been arrested. Four workers have been released on probation.

19 September 2018

Number of Unemployed Increases by 64 Thousand People in June

Number of Unemployed Increases by 64 Thousand People in June

The Turkish Statistical Institute has announced the workforce statistics for June 2018. The number of the unemployed has increased by 64 thousand people in June and become 3 million 315 thousand people.

17 September 2018

3rd Airport Workers Taken into Custody

3rd Airport Workers Taken into Custody

Workers who stopped working in the construction of the 3rd Airport in İstanbul due to bad working conditions and occupational homicides have been taken into custody.

17 September 2018

Demands of 3rd Airport Workers Rejected

Demands of 3rd Airport Workers Rejected

The workers have conveyed their demands to managers in the protest staged by the 3rd Airport workers. The workers’ demands have been reportedly rejected.

14 September 2018

Workers Stage Protest at 3rd Airport, Gendarmerie Intervene In

Workers Stage Protest at 3rd Airport, Gendarmerie Intervene In

Workers have initiated protest due to bad working conditions at the 3rd Airport whose construction continues in İstanbul. Police and gendarmerie have entered Akpınar compound upon the protest.

14 September 2018 Hikmet Adal

Erdoğan Slams Central Bank: There You Have Your Independence

Erdoğan Slams Central Bank: There You Have Your Independence

In his speech on economic crisis, President Erdoğan has referred to the increasing exchange rates as “an economic assassination.” Addressing the Central Bank, he has also said, “There you have your independence. We will now see its consequence.”

14 September 2018

Current Account Deficit is 1.75 Billion Dollars

Current Account Deficit is 1.75 Billion Dollars

Current account balance had deficit of 1.75 billion dollars in July. The 12-month deficit became 54 billion 560 million dollars.

14 September 2018

Turkey Becomes 3rd Country with Highest Interest Rates

Turkey Becomes 3rd Country with Highest Interest Rates

In the wake of Central Bank’s decision to increase the political interest rate from 17.75 to 24 percent, Turkey has become the third country with the highest political interest rate after Argentina and Suriname.

13 September 2018

Central Bank Increases Interest Rate by 6.25 Points

Central Bank Increases Interest Rate by 6.25 Points

The Monetary Policy Committee of the Central Bank has increased the interest rate by 6.25 points. With this change, the interest rate has increased from 17.75 to 24 percent.

13 September 2018

Renting, Purchase and Sale with Foreign Currency Ends

Renting, Purchase and Sale with Foreign Currency Ends

People settled in Turkey will not be able to use foreign currency in renting and purchase and sale as per Presidential decree.

13 September 2018

Economy Grows by 5.2 Percent in Second Quarter

Economy Grows by 5.2 Percent in Second Quarter

The economy of Turkey has grown by 5.2 percent in the second quarter of 2018, meeting the expectations of economists. The Turkish Statistical Institute has also revised the growth figures previously announced for 2017.

10 September 2018

At Least 180 Workers Lose Their Lives in August

At Least 180 Workers Lose Their Lives in August

According to August report of Laborer Health and Occupational Safety Assembly, at least 180 workers lost their lives in occupational homicides last month. 1,290 workers lost their lives in the first eight months of 2018 in Turkey.

6 September 2018

Ministry Enforcement for Firms to Bring Export Price to Turkey

Ministry Enforcement for Firms to Bring Export Price to Turkey

The Ministry of Treasury and Finance has released a notification on the Official Gazette on protecting value of Turkish lira. According to the notification, export price will be brought to Turkey within 180 days and at least 80 percent of it will be sold to a bank.

4 September 2018

Central Bank Signals Interest Rate Hike

Central Bank Signals Interest Rate Hike

After the Turkish Statistical Institute has announced the inflation figures for August 2018, the Central Bank has released a statement, signalling an interest rate hike.

3 September 2018

Inflation Rate in August Remains Below Expectations

Inflation Rate in August Remains Below Expectations

The Turkish Statistical Institute has announced the inflation figures for August 2018. While the inflation in August has been measured as 2.30 percent, the inflation on annual basis has increased to 17.90 percent.

3 September 2018

Conscience and Justice Watch at Galatasaray Square Banned

Conscience and Justice Watch at Galatasaray Square Banned

In the wake of Saturday Mothers/People being prevented from gathering at Galatasaray Square, the conscience and justice watch to be held for the 75th time by the Workers’ Families Seeking Justice initiative has also been forbidden by the District Governorship.

3 September 2018

Trade Deficit Drops in July

Trade Deficit Drops in July

Turkish Statistical Institute has announced foreign trade data for July. Trade deficit has dropped in July.

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Credit rating agency Moody’s has downgraded 20 financial institutions and banks in Turkey. The Central Bank has responded to it.

Industrial Production Increases by 3.2 Percent in June, Falls Short of Expectations

Industrial Production Increases by 3.2 Percent in June, Falls Short of Expectations

The industrial production in June 2018 has increased by 3.2 percent in comparison with the same month last year. The analysts previously expected a 4.4-percent increase.

Minister of Commerce: We Counter US with 553-Million-Dollar Surtax

Minister of Commerce: We Counter US with 553-Million-Dollar Surtax

Speaking about the additional customs duties imposed on the US, the Minister of Commerce Ruhsar Pekcan has said, “We have doubled the tax rates of 22 items. We will give the necessary response.”