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Turkey’s unemployment rate dropped to 8.4 percent in May: TurkStat

The unemployment rate in Turkey dropped to 8.4 percent in May, a 0.1 percentage point decrease, official figures from the Turkish Statistical Institute (TurkStat)...

Turkish holiday destinations lose allure amid skyrocketing inflation

Turkey's popular holiday destinations, including the coastal resorts of Çeşme, Bodrum and Antalya, are experiencing a significant decline in tourist activity this summer due...

3 leading labor unions in Turkey push for decent wages amid economic woes

The presidents of three major labor unions in Turkey have made a joint call to the government to increase wages and pensions by a...

China’s BYD signs deal to open electric car plant in Turkey

China's electric vehicle giant BYD on Monday signed an agreement to open a plant in Turkey, in a move that will help it dodge...

Turkish central bank governor ‘extremely determined’ to tame inflation: report

Turkey's central bank is determined to combat soaring prices and will stick patiently to its tight policy stance, Governor Fatih Karahan told Reuters, as...

Finance minister says law making millions eligible for early retirement crippled budget

Turkey’s finance minister, Mehmet Şimşek, has criticized a law passed last year to make millions of people failing to meet the age requirement for...

Wages stagnate, cost of living bites: Labor union protests TurkStat over inflation figures

The Confederation of Progressive Trade Unions (DİSK) gathered outside the Turkish Statistical Institute (TurkStat) in Ankara on Monday to protest the latest inflation data,...

Turkey’s inflation falls to 71.6 percent in June: official data

Turkey's annual inflation rate fell to 71.6 percent in June, Agence France-Presse reported, citing official data on Wednesday. Consumer prices began slowing after reaching a...

Labor union recommends raising Turkey’s minimum wage 4 times a year due to record inflation

The research center from a leading labor union in Turkey has said in its latest report that the Turkish government should increase the monthly...

Finance minister says minimum wage in Turkey ‘not low’ as millions struggle to make ends meet

At a time when millions of low and middle-income earners in Turkey struggle to survive financially, the country’s finance minister, Mehmet Şimşek, has said...

Turkey hails removal from int’l watchdog’s money laundering list

Turkey on Friday hailed its removal from the money laundering and terrorism financing watch list of global financial misconduct watchdog Financial Action Task Force...

Turkey closer to removal from FATF’s grey list with approval of legislation on crypto assets

The Turkish Parliament on Thursday approved a bill that increased oversight of the crypto market, a step that is expected to help in Turkey's...

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