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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...
Business

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,...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

Turkey’s central bank holds key interest rate at 50 percent

Turkey's central bank on Thursday kept its key interest rate unchanged for the third month in a row, with annual inflation recorded at over...
Business

Turkish gov’t refuses to raise minimum wage in July despite soaring inflation

A minister from Turkey’s Justice and Development Party (AKP) government has ruled out the prospects of an interim increase in the monthly minimum wage...
Business

Turkish gov’t wants to unleash ‘tax tsunami’ for economic recovery

Details of a comprehensive tax reform package proposed by the Turkish government aimed at addressing the country's budget deficit and stabilizing the economy after...
Business

Turkish exporters circumvent trade ban with Israel via Greece: report

Trade between Turkey and Israel continues through third countries like Greece, despite Ankara's decision to halt direct trade with Tel Aviv over the Rafah...
Business

Turkey posts record budget surplus as fiscal policy shifts: report

Turkey recorded its largest monthly budget surplus on record as the government moves to repair public finances alongside monetary policies aimed at reducing inflation,...
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