ECONOMY - Bianet

ECONOMY

Page 4

Turkey's unemployment rate drops in July

Turkey's unemployment rate drops in July

The narrow unemployment rate and the broad unemployment rate declined by 0.2 points ands 1.5 points, respectively.

11 September 2023

Three agricultural workers killed in traffic accident

Three agricultural workers killed in traffic accident

At least 52 agricultural and forestry workers were killed on the job last month, making up more than one fourth of all work-related deaths.

11 September 2023

Layoffs in Amnesty International Turkey branch

Layoffs in Amnesty International Turkey branch

The layoffs came after Amnesty International left the collective bargaining negotiations with DİSK Sosyal-İş union. Eight out of the 24 employees were laid off, causing concern among both those who were let go and those who remain.

5 September 2023

Cost of living in İstanbul rises 80,6 percent in a year

Cost of living in İstanbul rises 80,6 percent in a year

According to a study by the Istanbul Planning Agency, the cost of living in Istanbul has increased by 80.59% compared to August of the previous year, reaching 42,593 lira per month for a family of four.

5 September 2023

Turkey's official inflation rate rises by over 10 points in August

Turkey's official inflation rate rises by over 10 points in August

The Central Bank had raised its year-end inflation forecast to 58% in July. Inflation has already exceeded this rate, having surged by 20 points in the past two months.

4 September 2023

Sputnik strike: Court rejects request by management to suspend the strike

Sputnik strike: Court rejects request by management to suspend the strike

Sputnik Turkey management, which has fired 24 journalists after the strike action at the news outlet was announced, went to court against the strike, but the 4th Labor Court of Istanbul rejected taking a "precautionary measure" against the strike.

1 September 2023

'Inflation to start declining in 2024'

'Inflation to start declining in 2024'

Central Bank Governor Hafize Gaye Erkan stated that they are working to lay the groundwork for inflation to start declining in 2024.

Turkey tops global ranking of housing price inflation in Q1 2023

Turkey tops global ranking of housing price inflation in Q1 2023

The three largest cities of the country stood out as the cities with the most significant spikes in housing prices.

Turkey hikes interest rates by 750 basis points

Turkey hikes interest rates by 750 basis points

The Turlish lira gained value following the decision.

Online delivery giant Getir to lay off 2,500 employees in nine countries

Online delivery giant Getir to lay off 2,500 employees in nine countries

The company that saw a surge in its growth during the pandemic will slow down its operations in some of the countries it invested in.

İstanbul municipal workers conclude protests after gains

İstanbul municipal workers conclude protests after gains

Workers of the municipality's Tree and Landscape Corporation have been protesting for eight days.

Construction workers' strike in Tanzania ends with gains

Construction workers' strike in Tanzania ends with gains

Workers of a Turkey-based company had been on a strike in Tanzania for two weeks for their unpaid wages.

18 August 2023 Vecih Cuzdan,Ali Dinç

Court rules that severance pay should be paid to employee who was forced to resign

Court rules that severance pay should be paid to employee who was forced to resign

S.Y., who resigned under pressure in Gaziantep, has won the lawsuit she filed to claim severance pay. The higher court, after hearing the witnesses, decided to grant severance pay despite the resignation letter being in 'handwriting'.

Second offer from the government to civil servants for pay rise

Second offer from the government to civil servants for pay rise

The government had presented the first offer for the pay rise concerning 4 million civil servants and 2.5 million retired civil servants on August 15.

Public employees stage one-day strike over government's low raise proposal

Public employees stage one-day strike over government's low raise proposal

As the government's offer failed to meet their expectations, members of the KESK union confederation carried out a one-day work stoppage across the country.

İstanbul Municipality workers continue protest for improved wages

İstanbul Municipality workers continue protest for improved wages

Workers of a subsidiary of the municipality want to benefit from a recently signed collective labor agreement.

Strike in Tanzania, sit-in in İstanbul

Strike in Tanzania, sit-in in İstanbul

Today is the 12th day of the strike by the construction workers from Turkey in the railway project in Tanzania while those who have left work, but whose unpaid wages and indemnities have not yet been paid are on a sit-in in front of the Yapı Merkezi Holding in İstanbul.

Government offers 14+9 percent pay rise to civil servants

Government offers 14+9 percent pay rise to civil servants

Ali Yalçın, the President of Memur-Sen confederation, stated, "It is not possible for us to endorse the received proposal, our recommendation is for the proposal to be revised," while Şükran Kablan, the Co-Chairperson of KESK, announced that they will go on strike on August 16.

Explosion in vessel in Tuzla shipyard zone: One worker dies

Explosion in vessel in Tuzla shipyard zone: One worker dies

Another worker was injured in the explosion in the slop tank of the Maltese flagged vessel.

Turkey's broad unemployment rate surpasses 24% in June

Turkey's broad unemployment rate surpasses 24% in June

While the narrow unemployment rate remains in single digits, there was a notable increase in the broad unemployment rate.

Construction workers from Turkey on strike in Tanzania

Construction workers from Turkey on strike in Tanzania

The workers employed by the construction company Yapı Merkezi in a railway project in Tanzania, who haven't received their wages for seven months, say that they will resume work if four months' worth of salaries are paid and a promise of regular payments is made.

'We will continue to live with our flatmate after we marry'

'We will continue to live with our flatmate after we marry'

Mirza moved to his elder brother's flat temporarily but he cannot find one for himself ever since. Kübra and her fiance will continue to live with their flatmate after they marry, because they cannot affort a flat. Barış spent six months searching for a flat. bianet talked to renters and flat seekers in Kadıköy, İstanbul.

9 August 2023 Zeynep Akat

Sputnik lays off 23 unionized employees after decision for strike action

Sputnik lays off 23 unionized employees after decision for strike action

Atilla Güner, the presenter of the "Evening News" on Radio Sputnik, also announced that he was dismissed due to "downsizing." "Many union members are being laid off at the moment," Güner said.

182 workers killed on the job in July

182 workers killed on the job in July

At least 1051 workers were killed on the job in the first seven months of 2023.

FedEx workers will go on strike

FedEx workers will go on strike

No agreement was reached in the collective negotiation between the Nakliyat-İş union and FedEx Turkey. Union members announced their decision to go on strike in a demonstration in Beyazıt Square in İstanbul.

'Smallest denomination banknote cannot buy one loaf of bread'

'Smallest denomination banknote cannot buy one loaf of bread'

"We are now in a situation where we cannot purchase even one loaf of bread with our smallest denomination banknote," said CHP Manisa MP Bekir Başevirgen. He further stated that the cost of making a new 5 lira banknote has exceeded its value as of 2022, and this cost may have exceeded 10 lira by now.

Three farm workers, including two refugees, killed in traffic accident

Three farm workers, including two refugees, killed in traffic accident

A van carrying 14 agricultural workers veered off the road and crashed into a field in Bursa.

Surge in fuel prices triggers massive public transport fare hikes across Turkey

Surge in fuel prices triggers massive public transport fare hikes across Turkey

Public transport fares have been raised in nine cities, with increases ranging from 25% to 85%. Some local administrations said they will have to subsidize public transport despite the price hikes.

Protest unfolds at Muğla thermal power plant as workers demand unpaid wages

Protest unfolds at Muğla thermal power plant as workers demand unpaid wages

Over 500 non-union workers blocked the entry and exit of the power plant to protest their employers.

Workers at Togg factory stage work stoppage over unpaid wages

Workers at Togg factory stage work stoppage over unpaid wages

The construction workers at the factory site say they haven't been able to receive their wages for two months.

Turkey's official inflation rate jumps to 47.8% in July

Turkey's official inflation rate jumps to 47.8% in July

According to ENAG's calculations, the inflation rate was over 122.8%. The food inflation rate is over 60 percent.

Turkey suspends olive oil exports amid soaring domestic prices

Turkey suspends olive oil exports amid soaring domestic prices

Olive oil production has decreased 20 percent worldwide due to drought while increasing by over 60 percent in Turkey.

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