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.
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Turkish Minister of National Defence Yasar Güler will visit Azerbaijan today for a series of high-level meetings with Azerbaijani officials, according to TRT Haber.
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Uzbekistan and Iran are working toward increasing bilateral trade to $2 billion, as discussed during high-level talks in Tehran between the two countries' government delegations.
The United States and China have struck a 90‑day truce in their trade dispute, agreeing to roll back reciprocal tariffs by an unprecedented 115 percent, U.S. Treasury Secretary Scott Bessent announced on Monday after talks in Geneva.
The Kurdistan Workers’ Party (PKK) announced on Monday its decision to dissolve and end its decades-long armed campaign, drawing a warm response from Türkiye’s ruling Justice and Development Party (AKP), which hailed it as a major step toward lasting peace.
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In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
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The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
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As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
Turkish Minister of National Defence Yasar Güler will visit Azerbaijan today for a series of high-level meetings with Azerbaijani officials, according to TRT Haber.
Partial results from Albania’s parliamentary election show the ruling Socialist Party in the lead, positioning Prime Minister Edi Rama for a potential fourth consecutive term.
Uzbekistan and Iran are working toward increasing bilateral trade to $2 billion, as discussed during high-level talks in Tehran between the two countries' government delegations.
The United States and China have struck a 90‑day truce in their trade dispute, agreeing to roll back reciprocal tariffs by an unprecedented 115 percent, U.S. Treasury Secretary Scott Bessent announced on Monday after talks in Geneva.
The Kurdistan Workers’ Party (PKK) announced on Monday its decision to dissolve and end its decades-long armed campaign, drawing a warm response from Türkiye’s ruling Justice and Development Party (AKP), which hailed it as a major step toward lasting peace.
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