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ECONOMY
Page 7
Local and Syrian workers on 3rd day of work stoppage in Antep
Molding workers started work stoppage on Monday requesting a fifty percent pay rise at the Küsget industrial site in Antep.
4 January 2023
Erdoğan announces 30-percent wage rise for civil servants, pensioners
The president yesterday announced a 25-percent hike. He updated it as 30 percent today.
4 January 2023
Türkiye's inflation drops to 64 percent in December due to base effect
The official inflation rate declined from 84 to 64 percent whereas the ENAG's inflation rate dropped from 170 to 137 percent.
3 January 2023
İstanbul's inflation rate surpasses 92 percent
The İstanbul Chamber of Commerce has released the inflation statistics for December.
2 January 2023
Tax brackets updated for 2023: Will tax burden on wage earners ease?
Increased tax burden on wage earners is an area of serious concern and criticism in Türkiye. For the year 2023, tax brackets were raised by a much higher rate, such as many taxes and duties.
30 December 2022
Record number of small businesses went bankrupt in Türkiye in 2022
Amid Türkiye's economic woes, small businesses are slowly disappearing from the country's streetscape.
28 December 2022
Wouter Massink
Yalova factory to introduce four-day workweek
About 200 people will work four days a week in the first three months of 2023.
28 December 2022
Minister warns grocery chains not to increase prices too much after minimum wage hike
The government has blamed the country's largest grocery chains over high food prices.
26 December 2022
Over 85,000 small businesses closed in Türkiye in 11 months
In the first 11 months of the year, some 85,785 craftspeople closed their business, according to statistics from the Confederation of Turkish Tradesmen and Craftsmen (TESK).
22 December 2022
Türkiye raises minimum wage by 54 percent
The net minimum monthly wage will be 8,506 lira in 2023, up from 5,500 lira this year.
22 December 2022
Automatic Lawyer Appointment system closed down by bars for 24 hours
Sixty-five bar associations calling for the close-down are demanding that CMK fees should be raised to an appropriate level and value-added tax rate be lowered to one percent.
21 December 2022
Report: At least 828 refugee workers killed on the job in Türkiye in a decade
The Health and Safety Labor Watch has released the Refugee Occupational Homicides report covering the work-related killings between 2013 and 2022.
19 December 2022
Employer will pay compensation for 'unpaid leave' during pandemic
Appeals court in İstanbul ruled that workers are right in their request for compensation from the employer for violating the freedom to unionize.
16 December 2022
Hikmet Adal
President Erdoğan suspends strikes of metal workers due to 'national security'
The AKP has postponed 19 strikes since it came to power in 2002.
13 December 2022
Over 240 mine workers in Balıkesir dismissed after being unionized
The company has dismissed the workers because the job has ended, which is not the case, according to a union representative.
7 December 2022
Ayça Onuralmış
Türkiye's official inflation rate at 84.39 percent in November
The inflation rate dropped about 1 percentage point in a month. According to the ENAG, the rate is over 170 percent.
5 December 2022
Minimum wage meetings to start
Meeting schedule of Minimum Wage Commission will be announced today but there is a large gap between the parties' suggestions for the minimum monthly wage.
1 December 2022
Poverty line exceeds 25,000 lira
For a family of four, the starvation line is estimated at 7,786 lira (403 Euro), and the poverty line is 25,365 lira (1,313 Euro) per month. A single's 'cost of living' is assessed at 10.171 lira (526 Euro) per month.
30 November 2022
Türkiye cuts policy rate to 9 percent, ends easing cycle
The bank said it decided to stop the rate cut cycle "considering the increasing risks regarding global demand."
24 November 2022
Türkiye posts highest budget deficit of year in October
The budget deficit last month was nearly five times higher compared to the same month last year.
16 November 2022
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Türkiye's broad unemployment rate over 20 percent in third quarter
The country's unemployment rate decreased compared to the previous quarter, according to the official statistics.
15 November 2022
Türkiye's official unemployment rate surpasses 10 percent
The unemployment rate according the broad definition of unemployment was 20.3 percent, the TurkStat figures showed.
11 November 2022
Are employees carrying whole tax burden in Türkiye?
Net monthly average salary an employee with gross wage of 20,000 Turkish lira receives is 13,650 lira in Türkiye. Difference is so high because such an employee is working for two months a year only for taxes.
9 November 2022
Hikmet Adal
Four injured in mine explosion in Zonguldak
Four workers were injured in explosion in mine in Zonguldak, two miners under treatment are reported to be in good condition.
7 November 2022
TOGG: Is it really the 'people's car'?
Türkiye's first domestically produced electric car introduced on the Republic Day is an embodiment of its ruling party's recent trends of nationalism, high-prestige projects, state-business dependency, and continuing expansion efforts in the automotive manufacturing industry while simultaneously trying to boost Erdoğan's electoral prospects.
4 November 2022
Wouter Massink
At least 158 workers killed on the job in October
More than 1,521 workers have been killed so far this year, and at least 30,224 workers have been killed on the job in 20 years when AKP was the ruling party, according to the İSİG reports.
3 November 2022
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Türkiye's official inflation rate surpasses 85 percent
An independent group of economists says the inflation rate is over 185 percent.
3 November 2022
One-day strike by teachers against new occupational law
Teachers went on a one-day strike in the whole of Türkiye in a common action called by 14 teachers' unions against new occupational law for teachers adopted this year in February.
2 November 2022
Construction of Akkuyu Nuclear Power Plant remains troubled, workers demand safety
We spoke with the workers about working conditions, occupational safety and wages.
1 November 2022
Tuğçe Yılmaz
Record-high number of doctors seek emigration from Türkiye in 2022
The number of doctors applying for a "document of good conduct" increased 40-fold over a decade, according to the Turkish Medical Association.
1 November 2022
Workers call on Adidas to make payments
As part of the Pay Your Workers campaign, workers of Adidas's subcontractors in Türkiye demand the company eliminate the rights violations in its supply chain.
28 October 2022
Rising income inequality and wages closer to starvation line
The Türk-İş has released its Starvation and Poverty Line Survey for October.
28 October 2022
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