ECONOMY - LABOR - Bianet

ECONOMY - LABOR

Page 41

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.”

TurkStat: Unemployment in May is 9.7 Percent

TurkStat: Unemployment in May is 9.7 Percent

The Turkish Statistical Institute has announced that unemployment in May 2018 has fallen by 0.5 points compared to the same month last year and become 9.7 percent. The women’s participation in labor force has increased by 0.5 points.

US President Trump Approves Law Stopping Delivery of F-35 Jets to Turkey

US President Trump Approves Law Stopping Delivery of F-35 Jets to Turkey

US President Donald Trump has approved the law draft which has stopped the delivery of F-35 jets to Turkey.

Erdoğan: There are Economic Terror Figures on Social Media

Erdoğan: There are Economic Terror Figures on Social Media

Calling out to US President Donald Trump by saying, “You can be a President all you want,” President Erdoğan has stated that the movements in the foreign exchange do not have an economic basis. Erdoğan has also added, “There are several economic terror figures on social media.”

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

The Central Bank has taken two actions in an attempt to prevent the further depreciation of Turkish Lira, announcing that “it will provide all the liquidity the banks need.”

Erdoğan: Do Not Resort to Buying Foreign Currency, I Would Implement Plans B-C

Erdoğan: Do Not Resort to Buying Foreign Currency, I Would Implement Plans B-C

Addressing the industrialists, President Erdoğan has said, “Do not rush to the banks to buy foreign currency. Otherwise, I would have to implement the plans B and C.”

Dollar Hits 6.56 Turkish Lira as Berat Albayrak Speaks

Dollar Hits 6.56 Turkish Lira as Berat Albayrak Speaks

The Minister of Finance and Customs Albayrak delivered his speech at the publicity meeting, where he introduced the “New Economic Model”, when the exchange rate of US Dollar was 6.13 TRY. In the course of his speech, the exchange rate has hit 6.56 TRY.

Erdoğan: We Will Not Lose Economic War

Erdoğan: We Will Not Lose Economic War

Speaking about the recent increase in the exchange rates of US Dollar and Euro at a mosque in Bayburt, President Erdoğan has said, “We will not lose the economic war.”

Minister of Treasury Albayrak Postpones ‘New Economic Model Meeting’

Minister of Treasury Albayrak Postpones ‘New Economic Model Meeting’

As Dollar/TRY rate climbs up to 6.26, the “New Economic Model Presentation Meeting” that would be held at 11 a.m. has been postponed to 2:30 p.m.

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Vice Chair of the AKP Cevdet Yılmaz has referred to the recent exchange rate movements as “fluctuations that cannot be explained on economic grounds” and stated that these fluctuations will end sooner or later.

Dollar Hits 5.42 TL

Dollar Hits 5.42 TL

Climbing to 5.42 TL, dollar has dropped to 5.20 after the news reports claiming that pre-agreement concerning Pastor Brunson crisis has been agreed.

Exchange Rate of US Dollar Hits Another Record High: 5.18 Turkish Lira

Exchange Rate of US Dollar Hits Another Record High: 5.18 Turkish Lira

The exchange rate of US Dollar, which was around the level of 5.07 Turkish Lira when the markets closed on Friday, has become 5.18 Turkish Lira on the first day of the week, hitting another record high.

Inflation Rate in July is 15.85 Percent

Inflation Rate in July is 15.85 Percent

The Turkish Statistical Institute has announced the inflation figures for July 2018. The annual inflation rate in July has been measured as 15.85 percent, which marks an increase of 0.55 percent in comparison with June 2018.