ECONOMY - Bianet

ECONOMY

Page 6

Is Turkey's employment agency engaged in 'fictitious' employment?

Is Turkey's employment agency engaged in 'fictitious' employment?

Between 2014 and 2022, the number of individuals placed in jobs by İŞKUR exceeded the total population growth, employment growth, and the increase in "insured employment" in Turkey.

3 July 2023 Sinan Ok

Turkey remains among 10 worst countries for workers' rights

Turkey remains among 10 worst countries for workers' rights

"Throughout 2023, workers' freedoms and rights were relentlessly attacked, with law enforcement cracking down on protests and trade union leaders facing unjust arrests," the ITUC report says.

Food poverty threshold further rises in Turkey, shows union survey

Food poverty threshold further rises in Turkey, shows union survey

In May, Türk-İş measured the starvation line at 10,362 lira and the poverty line at 33,752 lira.

Currency depreciation plagues Turkey's new 'record-high' minimum wage

Currency depreciation plagues Turkey's new 'record-high' minimum wage

Within three days of the new minimum wage announcement, the lira's depreciation against the US dollar reduced its value from 482 to 452 dollars.

Turkey hikes interest rates for first time in 27 months

Turkey hikes interest rates for first time in 27 months

The 650-basis point hike following the latest MPC meeting demonstrates a shift in the bank's approach under a new leadership after the elections.

Union confederation expresses concerns over Turkey's ongoing minimum wage talks

Union confederation expresses concerns over Turkey's ongoing minimum wage talks

These worries come amidst contentious official inflation statistics and a rapidly depreciating lira.

FX-protected lira deposit scheme to be phased out gradually

FX-protected lira deposit scheme to be phased out gradually

It is necessary to leave the FX-protected deposits gradually, instead of a sudden suspension, argued Vice President Cevdet Yılmaz.

The cost of exiting the crisis for Turkey

The cost of exiting the crisis for Turkey

The increase in the exchange rate will raise the costs for industries heavily dependent on imported raw materials and intermediate goods. To balance this, reducing labor costs will be presented as a necessity.

12 June 2023 Bülent Danışoğlu

Amnesty Turkey 'walks away' from collective bargaining, says union

Amnesty Turkey 'walks away' from collective bargaining, says union

The organization denies the accusations, saying that it had offered a pay rise higher than the official inflation figures in the country.

9 June 2023 Hikmet Adal

New Governor of the Central Bank is Hafize Gaye Erkan

New Governor of the Central Bank is Hafize Gaye Erkan

Mehmet Şimşek, the Finance Minister in the new cabinet, wanted to have Erkan, a CEO in the finance sector in the US, as the Governor of the bank.

Work-related death toll was 145 in May

Work-related death toll was 145 in May

730 workers were killed on the job in the first five months of the year. Construction and transportation industries were the sectors with the highest death toll, while traffic and accidents involving employee services were the most frequent causes of death.

Turkish Lira continues to weaken after elections

Turkish Lira continues to weaken after elections

The lira plummeted to yet another all-time low against the US dollar and the Euro. Despite overall stability in global gold prices, gold prices also reached record highs.

Turkish lira hits rock bottom ahead of presidential runoff vote

Turkish lira hits rock bottom ahead of presidential runoff vote

The USD/TRY exchange rate surged to 20.47 in the morning, while the disparity between the free market rate and the informal market rate narrowed.

Turkey's grocery chains thrive amid soaring inflation, declining food security, shows report

Turkey's grocery chains thrive amid soaring inflation, declining food security, shows report

Profits of the three of the largest grocery chains in the country have increased 150% in US dollars since 2018.

Turkey's unemployment rate sees small uptick in March, says TurkStat

Turkey's unemployment rate sees small uptick in March, says TurkStat

The narrow unemployment rate was 10 percent and the broad unemployment rate was 21.8 percent, according to the official statistics.

At least 122 workers killed on the job in April

At least 122 workers killed on the job in April

The highest number of work-related deaths were recorded in the construction, accommodation and transportation sectors.

AFP journalists in İstanbul go on strike over low wages

AFP journalists in İstanbul go on strike over low wages

The journalists say their wages have eroded due to the high inflation in Turkey, demanding improved wages.

3 May 2023 Evrim Kepenek

Turkey keeps interest rate constant

Turkey keeps interest rate constant

The Central Bank said it will continue to use all available instruments "until strong indicators point to a permanent fall in inflation."

Poverty line nears 34,000 liras in March

Poverty line nears 34,000 liras in March

The monthly report highlights the increase in food expenditures.

'Police intervention was a violation: May Day demo was peaceful even if unauthorized'

'Police intervention was a violation: May Day demo was peaceful even if unauthorized'

The Constitutional Court of Turkey ruled that there was a violation of rights of Dilan who was shot in her head with tear gas during the May Day demonstrations in 2013 in İstanbul.

11 April 2023 Evrim Kepenek

Turkey's official inflation rate drops to 50.51 percent

Turkey's official inflation rate drops to 50.51 percent

According to an inflation monitor run by a group of economists, the inflation rate was twice as high as the official figures.

Police prevent automotive workers' march from İstanbul to Ankara

Police prevent automotive workers' march from İstanbul to Ankara

Workers of Mata Automotive, a firm manufacturing parts for high-end car brands such as Bentley and Jaguar, demand improved working conditions and a 25 percent additional pay rise.

Turkey has highest food inflation among OECD countries

Turkey has highest food inflation among OECD countries

The organization measures Turkey's inflation at 57,7 percent for 2022 and forecasts the inflation to remain in the 40 percent range for 2023 and 2024.

'We worked under unhealthy conditions for years. Are we now evil when we demand our rights?'

'We worked under unhealthy conditions for years. Are we now evil when we demand our rights?'

The Mata workers on strike in Tuzla, İstanbul described bianet their working conditions and their demands.

16 March 2023 Evrim Kepenek

Turkey's unemployment rate drops to below 10 percent in January, according to TurkStat

Turkey's unemployment rate drops to below 10 percent in January, according to TurkStat

The broad unemployment rate and the youth unemployment rate increased compared to the previous month, official figures show.

At least 182 workers killed on the job in February, including over 90 in earthquakes

At least 182 workers killed on the job in February, including over 90 in earthquakes

The Health and Safety Labor Watch has released its monthly report on workers' killings.

Türkiye's official inflation rate drops to 55 percent

Türkiye's official inflation rate drops to 55 percent

The inflation rate was 126.915 percent, according to the ENAG, an independent group of economists.

Parliament unanimously lifts age requirement for retirement

Parliament unanimously lifts age requirement for retirement

The age requirement for retirement was lifted for those who started employment before 1999 in Türkiye with a new law adopted in the parliament late last night.

World Bank: Earthquake damage in Türkiye estimated to exceed $34 billion

World Bank: Earthquake damage in Türkiye estimated to exceed $34 billion

The rapid damage assessment report after the February 6 earthquakes also acknowledges that recovery and reconstruction costs will be much larger, potentially twice as large.

28 February 2023

Türkiye's Central Bank cuts policy rate by 50 basis points

Türkiye's Central Bank cuts policy rate by 50 basis points

The bank has said it lowered the rates to support the recovery in the aftermath of the devastating earthquakes.

23 February 2023

Kılıçdaroğlu in front of the stock market: "Will you rob everyone and will we keep quiet?"

Kılıçdaroğlu in front of the stock market: "Will you rob everyone and will we keep quiet?"

The CHP leader went to the Capital Markets Board on his return form the earthquake-hit region as promised where he invited the board chairperson to resign.

13 February 2023

Women in solidarity action call on Barutçu Tekstil boss: Reinstate laid-off workers

Women in solidarity action call on Barutçu Tekstil boss: Reinstate laid-off workers

Women workers were laid off in Barutçu Tekstil in Bursa after they joined a trade union. Feminist Rebellion Against Poverty and the women's committee of the union visited the women who are on day 111 of their sit-in in front of the factory.

3 February 2023

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