reports in ECONOMY category

Workers, union officials detained during protest at İstanbul Finance Center

Workers, union officials detained during protest at İstanbul Finance Center

Workers involved in the building of the finance center demand their unpaid wages.

Turkey ranks fourth in global inflation rates

Turkey ranks fourth in global inflation rates

Only Argentina, Syria and Lebanon surpassed Turkey in inflation rate.

Turkey’s inflation surges to 68.5% in March

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.

Volga Kuşçuoğlu

Turkey’s food inflation spikes despite global decline

Turkey’s food inflation spikes despite global decline

The steep increase in food, particularly meat prices, is attributed to flawed policies that allow large suppliers and grocery chains to manipulate the market.

19 March 2024 Volga Kuşçuoğlu

RTÜK outlines principles for representation of male violence on TV

RTÜK outlines principles for representation of male violence on TV

The agency has released the ethical principles on the occasion of Women's Day

Central Bank keeps policy rate unchanged: It had been raised eight times

Central Bank keeps policy rate unchanged: It had been raised eight times

The Central Bank, which had previously decided on eight consecutive interest rate hikes, this time kept the bank's policy rate unchanged at 45 percent under the leadership of the new Governor Fatih Karahan.

22 February 2024

Farmers' debt to banks increased by 80% in one year, surpassing 590 billion lira

Farmers' debt to banks increased by 80% in one year, surpassing 590 billion lira

CHP Niğde Deputy Ömer Fethi Gürer stated that the increase in debt in one year amounted to 261 billion lira and said, "Farmers, grappling with dozens of problems such as the increase in the cost of feed, fuel, electricity used for agricultural purposes, feed, fertilizer, labor costs, and the inability to sell their products, have started to either move away from agriculture or borrow from banks."

9 February 2024

'Inflation swallowed up retiree pensions in 2023'

'Inflation swallowed up retiree pensions in 2023'

CHP Ankara Deputy Semra Dinçer, who prepared a report on how 2023 went for retirees, said, "Inflation swallowed up the retiree pension. Retirees have become unable to afford meat."

9 February 2024

ENAG January inflation rate doubles TurkStat

ENAG January inflation rate doubles TurkStat

The inflation rate was 129% according to ENAG and 64.86 according to TurkStat.

5 February 2024

Gap between minimum wage and poverty line closing

Gap between minimum wage and poverty line closing

According to TÜRK-İŞ data, the poverty line increased by 617 lira in one month, reaching 15,048 lira. The difference with the minimum wage decreased to 1,954 lira before salaries were deposited according to the newly determined level of minimum wage, which is 17,002 lira as of January 2024.

1 February 2024

Middle class is disappearing

Middle class is disappearing

The top 20% of the population, with the highest income, takes 49.7% of the country's total income, while the remaining 80% of the population receives 50.3% of the total income.

30 January 2024 Mahfi Eğilmez

Turkey receives lowest score to date on the Corruption Perceptions Index

Turkey receives lowest score to date on the Corruption Perceptions Index

According to the 2023 Corruption Perceptions Index by Transparency International, Turkey dropped to 34 points and ranked 115th out of 180 countries.

30 January 2024

Central Bank survey anticipates year-end inflation at 42%

Central Bank survey anticipates year-end inflation at 42%

The policy rate expectation for the current month's end is set at 45%.

19 January 2024

Bülent Danışoğlu

Reinforcing inequalities with regional minimum wage

Reinforcing inequalities with regional minimum wage

No matter what kind of regional classification is made, workers in Kurdish cities will officially receive lower wages than those working in other regions

14 December 2023 Bülent Danışoğlu

Gas supply of 123,000, electricity supply of 70,000 cut off due to debts in the first 6 months

Gas supply of 123,000, electricity supply of 70,000 cut off due to debts in the first 6 months

CHP Niğde Deputy Ömer Fethi Gürer stated that the disconnection of citizens' subscriptions due to debts "reveals the extent of the high cost of living and poverty in Turkey."

5 December 2023

Bülent Danışoğlu

Where to reduce the state?

Where to reduce the state?

Liberals still advocate for the reduction of the state, but now they no longer emphasize freedoms and democracy. What is actually desired is to reduce the public services provided by the state. This means implementing the security state that liberals want.

28 November 2023

Turkey to unveil tax incentives to boost foreign currency inflows

Turkey to unveil tax incentives to boost foreign currency inflows

Tax reduction and exemption rates applied to some activities of tax payers abroad will be increased, provided that the earnings are brought into Turkey, the finance minister has said.

22 November 2023

Nearly four million under pressure of execution due to debts

Nearly four million under pressure of execution due to debts

CHP MP Ömer Fethi Gürer stated that 3 million 818 thousand people are under the pressure of execution due to debts, and 616,908 people have been tracked by banks because they couldn't pay their credit card debts.

15 November 2023

What do Airbnb operators think about the new legal regulation?

What do Airbnb operators think about the new legal regulation?

We spoke with two Airbnb operators in İstanbul's two popular tourist districts, Beyoğlu and Kadıköy, regarding the new law commonly referred to as the "Airbnb law."

6 November 2023 Pınar Erol

Central Bank raises interest rates by 500 basis points

Central Bank raises interest rates by 500 basis points

The Monetary Policy Committee increased the policy rate, which is the one-week repo auction interest rate, from 30% to 35%.

26 October 2023

Energy Minister Bayraktar: 'Akkuyu Nuclear Power Station is a Turkish company'

Energy Minister Bayraktar: 'Akkuyu Nuclear Power Station is a Turkish company'

Akkuyu Nuclear Power Station is a project entirely under Turkey's control argued Energy and Natural Resources Minister Alparslan Bayraktar.

Former finance minister appointed as deputy chair of Kalyon Holding

Former finance minister appointed as deputy chair of Kalyon Holding

CHP leader previously claimed that the company had received a tax exemption worth 9 billion liras and labeled it as part of a group he referred to as the "Gang of Five."

28 September 2023

Rising inflation expected following post-election lira slide, tax hikes

Rising inflation expected following post-election lira slide, tax hikes

A Central Bank survey shows an increased inflation forecast.

28 September 2023

Cabinet meeting will focus on economy

Cabinet meeting will focus on economy

The Presidential Cabinet is set to discuss economic developments.

26 September 2023

Operating rights of 96 hydroelectric power plants transferred to the private sector

Operating rights of 96 hydroelectric power plants transferred to the private sector

Niğde MP Ömer Fethi Gürer submitted a written parliamentary question to the Ministry of Energy and Natural Resources, requesting information about Turkey's energy needs and whether Turkey has the infrastructure to meet them.

25 September 2023

DİSK holds Retirees' Demonstration in İstanbul

DİSK holds Retirees' Demonstration in İstanbul

Retirees gathered in Kartal square in Istanbul on Sunday for a "Retirees' Meeting" organized by the Confederation of Progressive Workers' Unions (DİSK).

25 September 2023

Coal miner mistakenly shot by guards in Şırnak

Coal miner mistakenly shot by guards in Şırnak

The guards rushed the worker to the hospital after noticing him but the worker could not be saved despite all efforts.

25 September 2023

Hundreds of workers suffer from food poisoning at Turkey's Akkuyu nuclear plant

Hundreds of workers suffer from food poisoning at Turkey's Akkuyu nuclear plant

A worker who reached out to an MP to reveal the incident said Russian employees on the construction site have privileges over local employees, including better food.

21 September 2023

Trendyol delivery workers detained during protest for better wages

Trendyol delivery workers detained during protest for better wages

When the workers went outside the company's headquarters in İstanbul, police detained some of them.

20 September 2023

Greenhouse workers protest outside embassies of Germany, Russia

Greenhouse workers protest outside embassies of Germany, Russia

The workers, most of whom are women, were dismissed from a greenhouse company after being unionized. The company makes exports to Germany and Russia.

20 September 2023 Ali Dinç

Worker compelled to operate crane in severe winds killed after collapse

Worker compelled to operate crane in severe winds killed after collapse

Despite the alleged use of older machinery, a construction site in an industrial area in İstanbul remained operational despite strong winds, while all other sites halted their activities.

20 September 2023

Demonstration in Ankara by Sputnik strikers

Demonstration in Ankara by Sputnik strikers

Mahir Bağış, the TGS Ankara Branch president said during the demonstration, "We will know we are not alone as long as you do not provide interviews or statements to Sputnik during the strike."

15 September 2023

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