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ECONOMY - LABOR
Page 4
Ankara high-speed train station falls far short of passenger guarantees
The 64% shortfall from the target will cost the Treasury over 67 million dollars in the most recet example of public-private partnership projects where actual usage failed to meet guaranteed levels.
29 August 2024
Sausage producer Polonez fined 2 million liras for mass layoff over union activities
The union has said the decision is not enough to solve the situation, demanding the reinstatement of the 145 workers.
28 August 2024
Fired CarrefourSA workers detained over protest
Workers at a CarrefourSA warehouse have been protesting for better working conditions and the reinstatement of their colleagues.
27 August 2024
Workers protest layoffs at Erzincan gold mine after deadly landslide
Due to the ongoing "uncertainty" following the deadly landslide in February, the mining company reportedly plans to dismiss around 1,800 workers.
22 August 2024
Farmer protests spread across Turkey
Increasing production costs and insufficient crop prices are the primary reasons for the protests that have gained momentum in August.
22 August 2024
Thirteen people killed in landlord tenant disputes in a year in Turkey, says MP
The housing crisis is undermining social harmony, a CHP deputy has warned.
21 August 2024
Mizgin Tabu
reports
Diyarbakır farmers say 'interest rates more lucrative than agriculture'
"The economy minister says they will reduce inflation. Are they planning to do this by impoverishing farmers?” says a farmer.
21 August 2024
Mizgin Tabu
Central Bank keeps policy rate constant
After significant increases in the interest rates for a year, the bank kept the rate unchanged in the last two months.
20 August 2024
Accountants smash laptops outside Finance Ministry in rare protest
Accountants in Ankara protested the ministry over increasing workload due to the inflation adjustments.
20 August 2024
Turkey’s unemployment rate remains steady in second quarter of 2024
The labor underutilization rate, which includes time-related underemployment, potential labor force, and unemployment, rose by 2.2 percentage points to 27.3%. More than 603,000 people have been searching for a job for one year or longer.
19 August 2024
Turkey's largest cities lead in internal migration amid economic challenges
İstanbul and Ankara saw the highest levels of both incoming and outgoing migration last year.
16 August 2024
Turkey’s monthly inflation rate spikes in July
Finance Minister Mehmet Şimşek acknowledges the monthly increase in inflation but says it’s ‘temporary.’
5 August 2024
Turkey's Central Bank keeps policy rate constant, acknowledges inflation will rise in July
The bank has warned that inflation is expected to rise temporarily in July due to adjustments in administered prices, taxes, and supply-side factors in unprocessed food prices.
23 July 2024
Turkey’s statistical authority faces legal action for 'causing millions of people to get lower raises'
Two opposition parties have filed criminal complaints against TurkStat following the leak of the prices of the items it uses to calculate the inflation rate, which were far below actual market prices.
19 July 2024
New bill introduces corporate tax measures to increase revenue
A sweeping new bill will introduce new tax and fee increases for both businesses and individuals.
16 July 2024
AKP announces 25% rise in minimum pension after public outcry
The opposition has pointed out that the purchasing power of minimum pensioners has declined despite the raise.
16 July 2024
Poverty line nearly 4 times the minimum wage in June
For a family of four, food expenses alone exceed the minimum wage, according to BİSAM's monthly report.
15 July 2024
Nearly 900 workers killed on the job across Turkey in first half of 2024
Thirty-three of the killed workers were children. İSİG says child employment under the guise of vocational training results in more deaths, which has now become more visible in urban areas.
11 July 2024
Turkey’s unemployment rate at 8.4% in May, gender gap persists
The unemployment rate for men stood at 7%, while it was at 11% for women.
10 July 2024
TurkStat chair defends institution amid inflation calculation criticisms
Turkstat, whose reliability has been questioned for many years, is now accused of manipulating the June inflation figures to enable the government to keep pension increases low.
9 July 2024
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Ali Dinç
reports
Private universities fire over 100 academics as school year ends
“Foundation universities, driven by short-term financial plans and market conditions, are conducting what amounts to a purge based on legally questionable fixed-term contracts," says a union official.
9 July 2024
Ali Dinç
FATF removes Turkey from grey list
Turkey has been a member of the FATF since 1991 but was placed on the grey list in 2021 due to concerns over the effectiveness of its AML and CFT measures.
28 June 2024
Hikmet Adal
reports
No mid-year minimum wage increase on Turkey's agenda
The government has ruled out a rise. Economists oppose the assumption that an increase would have excerbated the inflation problem.
27 June 2024
Hikmet Adal
İstanbul's municipal enterprise hikes prices for ‘affordable bread'
After CHP’s İmamoğlu secured re-election in the March polls, Halk Ekmek implemented two significant price hikes.
21 June 2024
Turkey ranked as most affordable country in Europe for consumer goods and services
According to Turkey’s statistical authority, Turkey is the most affordable country among 36 European countries. However, prices of personal transport equipment are above the EU average.
21 June 2024
Former AKP deputy criticizes sweeping tax reform
"This tax reform, presented as 'tax justice' by the economic management, almost taxes the air we breathe," said Şamil Tayyar.
21 June 2024
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One in 4 retirees in Turkey continue working due to economic strain
The number of retirees who continue to work and pay social security support premiums has more than doubled since 2017.
21 June 2024
Turkey to hike departure fee 19 times in new austerity push, according to draft law
The government plans to collect about 380 million dollars in taxes assuming the number of international travelers remains consistent with the 8.7 million individuals who paid the fee last year.
20 June 2024
Hikmet Adal
reports
Turkey’s new public spending cuts may affect healthcare, education services, warns economist
The measures should be accompanied by increasing taxes on the wealthy, suggests economist Cem Oyvat.
13 May 2024
Hikmet Adal
Workers, union officials detained during protest at İstanbul Finance Center
Workers involved in the building of the finance center demand their unpaid wages.
26 April 2024
Turkey ranks fourth in global inflation rates
Only Argentina, Syria and Lebanon surpassed Turkey in inflation rate.
22 April 2024
Turkey’s inflation surges to 68.5% in March
The ENAG calculated the inflation rate at 124.63%, nearly twice as high as the official rate.
3 April 2024
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