President of Türkiye Recep Tayyip Erdogan announced a 30-percent increase in the minimum wage for 2025, raising it to 22,104 lira (about 630 U.S. dollars).
President of Türkiye Recep Tayyip Erdogan announced a 30-percent increase in the minimum wage for 2025, raising it to 22,104 lira (about 630 U.S. dollars).
The announcement was made after the Minimum Wage Determination Commission's fourth meeting in Ankara.
Minister of Labor and Social Security Vedat Isikhan said he believes the increase will enhance workers' well-being and strengthen the country's economic stability. "By prioritizing fairness in working life, we can ensure the development of our country," Isikhan emphasized.
However, the Turkish Confederation of Trade Unions (TURK-IS) chose not to attend the meeting, citing a lack of prior notification regarding the wage proposal.
TURK-IS President Ergun Atalay previously outlined their demand for a net wage of 29,583 liras (about 845 dollars) with a 45-percent increase plus a 20-percent social share, and had reiterated that the union would not approve any decision below this figure.
For 2024, the minimum wage had been set at 17,002 lira, reflecting a 49-percent increase.
Meanwhile, Türkiye's annual inflation rate fell to 47.09 percent in November, its lowest level since June 2023.
esearchers from Istanbul University and Akdeniz University have uncovered surprising details about the CN Lyn star system that defy established models of star formation.
Türkiye and Greece are setting their sights on achieving a $10 billion bilateral trade volume as part of a newly launched “positive agenda” initiative aimed at bolstering cooperation across healthcare, environment, culture, tourism, economy, and trade.
A cooperation agreement between Türkiye and Azerbaijan in the natural gas sector was published Wednesday in the Turkish Official Gazette, officially putting it into effect.
Iran’s Foreign Ministry has summoned Türkiye’s ambassador to protest remarks by Foreign Minister Hakan Fidan criticizing Iran’s regional policies. The move highlights diplomatic tensions between Tehran and Ankara.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
The Russian Foreign Ministry announced today that two UK diplomats were stripped of their accreditation accusing them of providing false information and evidence of "espionage and covert activities."
The Indian Army contingent has departed for the India-Kyrgyzstan Joint Special Forces Exercise KHANJAR-XII, which will be held from March 10 to March 23, 2025.
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Russia’s state arms exporter, Rosoboronexport, has confirmed the signing of a $248 million contract with India for engine supplies, aimed at upgrading India’s T-72 tanks.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
Two buses have collided in Barcelona today, Monday 3 March which has left 51 people injured, four of which are said to be critical.
Ford Motor Company will recall 35,328 vehicles due to a potential fire hazard linked to faulty LED lights in the exterior mirrors, the U.S. National Highway Traffic Safety Administration (NHTSA) announced on Tuesday.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
Malaysia’s palm oil stocks fell to 1.51 million tons in February, the lowest in nearly two years, due to lower production and exports. Crude palm oil output dropped 4.16%, while exports fell 16.27%. The decline may impact global prices, with supply and demand shaping future trends.
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
The UK has lifted asset freezes on 24 Syrian entities, underscoring its commitment to help Syrians rebuild their country and economy
TotalEnergies has started building Iraq’s largest solar power plant in Basra as part of a $27 billion energy deal. The 1,000MW project will boost renewable energy and reduce gas flaring.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
The Russian Foreign Ministry announced today that two UK diplomats were stripped of their accreditation accusing them of providing false information and evidence of "espionage and covert activities."
The Indian Army contingent has departed for the India-Kyrgyzstan Joint Special Forces Exercise KHANJAR-XII, which will be held from March 10 to March 23, 2025.
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Russia’s state arms exporter, Rosoboronexport, has confirmed the signing of a $248 million contract with India for engine supplies, aimed at upgrading India’s T-72 tanks.
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