Turkey's monthly inflation rate is expected to rise sharply to 4.35% in January, driven by an annual hike in the minimum wage and various new year price adjustments, while the annual rate is seen ...

Thus, the finance industry was okay with the level of the wage hike. Wage-price spiral Due to Turkey's hyperinflationary environment, minimum wage hikes had to be delivered twice in 2022 and 2023.

Turkey travel warning issued as counterfeit alcohol deaths, rising crime, and soaring liquor prices impact tourists. What ...

Istanbul: Turkish President Recep Tayyip Erdogan on Thursday announced the third major minimum wage hike in a year to try ... More than 40 percent of Turkey's workforce earns the lowest income ...

Turkey’s central bank is set to leave its benchmark interest rate unchanged at the first monetary policy meeting of the year, after two consecutive interest-rate hikes bolstered its inflation ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Turkey said on Wednesday it is increasing tariffs on imports of certain US products, including rice, cars and coal, escalating a feud with the United States that has helped trigger a currency crisis.