content tagged with debt

Starvation line exceeds the minimum wage

Starvation line exceeds the minimum wage

A minimum wage (8,506 lira) does not cover the necessary monthly food expenditure (8,864 lira) for a family of four anymore, according to research by The Confederation of Turkish Trade Unions (TÜRK-İŞ).

30 January 2023

17 out of every 100 families face debt enforcement proceedings in Turkey, warns MP

17 out of every 100 families face debt enforcement proceedings in Turkey, warns MP

Recalling that the starvation line is 300 liras higher than the minimum wage, main opposition CHP Manisa MP Başevirgen says that “citizens who do not have money in their pockets are compelled to use the high-interest credit cards”.

Debt-free municipality in debt after trustee appointment: 19 immovables for sale

Debt-free municipality in debt after trustee appointment: 19 immovables for sale

As the debt of the Siirt Municipality in Turkey’s Kurdish-majority southeast has topped 115 million lira, the state-appointed trustee, also the governor, has put 19 immovables up for sale for an estimated price of 20 million 862 thousand lira.

13 December 2021

Unable to pay their credit debt, 1.5 million people on banks' blacklists

MINISTER OF FINANCE ANSWERS

Unable to pay their credit debt, 1.5 million people on banks' blacklists

Answering the Parliamentary question of main opposition CHP MP Gürer, Minister of Treasury and Finance Lütfi Elvan has announced that 1,552,122 personal loan customers are on debt follow-up by banks in Turkey.

State is sinking into debt, warns HDP

State is sinking into debt, warns HDP

Batman MP Necdet İpekyüz has shared the HDP’s “Life Economy Without Debt” report with the public. “We are faced with a catastrophic picture where 739 thousand 756 people cannot pay their credit debt,” İpekyüz has warned.

11 December 2020

31 million people have credit debt in Turkey, says main opposition CHP MP

31 million people have credit debt in Turkey, says main opposition CHP MP

Sharing the data of the Banks Association of Turkey (TBB), CHP MP Karabat has raised concerns that 920 thousand people used consumer loans for the first time in April. “It is eight times higher than 11-month average,” he has noted.

Workers Call: "Protection for The 99% From The Crisis, Not for The 1%"

Workers Call: "Protection for The 99% From The Crisis, Not for The 1%"

Turkey's labor leaders call for joint struggle against the government's "New Economic Program" which they says aims at "transferring the burden of the ongoing crisis on the shoulders of 81 Mn people".

26 October 2018

95 Percent of Turkish Population Plunged in Debt

95 Percent of Turkish Population Plunged in Debt

A research by the Research and Development Centre of the Public Workers Unions Confederation of Turkey revealed that 95.1 percent of the Turkish people are in debt. Almost a third of them are not able to pay back their loan.