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.
In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
A 5.8-magnitude earthquake struck off the coast of Marmaris in Türkiye’s southwestern Muğla province early Tuesday, causing widespread panic. According to Türkiye’s Disaster and Emergency Management Authority (AFAD), a 14-year-old girl was killed and dozens of others were injured.
A 5.8-magnitude earthquake struck off the coast of Türkiye near Mugla’s Marmaris district, causing panic and minor injuries. Officials report building cracks and dozens injured after jumping in fear.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant step toward regional water cooperation, Kazakhstan, Tajikistan, and Uzbekistan have signed a protocol for the shared operation of the Bahri Tochik Water Reservoir from June to August 2025, during the region’s critical vegetation and irrigation period.
Kazakhstan’s capital, Astana, has been selected to host the 2026 edition of the Games of the Future, an innovative international phygital sports tournament blending traditional athletic competition with digital gaming.
Two months after the reopening of the border between Tajikistan and Kyrgyzstan, the revival of traditional frontier trade remains sluggish, as mutual suspicion and long-standing grievances continue to cast a shadow over efforts to restore normal relations.
For the second phase of development of the Absheron gas field located in the Azerbaijani sector of the Caspian Sea, one of the key innovations will be the introduction of the world’s first automated underwater system for launching cleaning devices (PIGs) to remove possible deposits in pipelines.
President Donald Trump is "likely" to speak with Chinese President Xi Jinping this week, according to a statement from the White House.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
A new European Union law coming into effect on June 20 mandates smartphone makers to provide five years of software updates, energy labels, and improved repairability—setting new standards that may reshape the global smartphone industry.
U.S. stocks pushed higher on Monday, closing in on record levels after a volatile start to the day. Despite weak manufacturing data and renewed trade tensions between the U.S. and China, investor optimism held strong, with major indexes recovering thanks to tech gains and a surge in oil prices.
In a significant step toward regional water cooperation, Kazakhstan, Tajikistan, and Uzbekistan have signed a protocol for the shared operation of the Bahri Tochik Water Reservoir from June to August 2025, during the region’s critical vegetation and irrigation period.
Kazakhstan’s capital, Astana, has been selected to host the 2026 edition of the Games of the Future, an innovative international phygital sports tournament blending traditional athletic competition with digital gaming.
Two months after the reopening of the border between Tajikistan and Kyrgyzstan, the revival of traditional frontier trade remains sluggish, as mutual suspicion and long-standing grievances continue to cast a shadow over efforts to restore normal relations.
For the second phase of development of the Absheron gas field located in the Azerbaijani sector of the Caspian Sea, one of the key innovations will be the introduction of the world’s first automated underwater system for launching cleaning devices (PIGs) to remove possible deposits in pipelines.
President Donald Trump is "likely" to speak with Chinese President Xi Jinping this week, according to a statement from the White House.
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