ECONOMY - Bianet

ECONOMY

Page 20

Turkey’s annual inflation rate tops 15 percent

Turkey’s annual inflation rate tops 15 percent

According to the Turkish Statistical Institute (TurkStat), the country’s consumer price index increased by 15.61 percent annually and by 0.91 percent monthly.

TurkStat: Turkey's economy grew by 1.8 percent in 2020

TurkStat: Turkey's economy grew by 1.8 percent in 2020

The country's GDP grew by 5.9 percent in the last quarter of 2020, according to the TurkStat.

Union’s central office signs labor contract, strike ends in Maltepe

Union’s central office signs labor contract, strike ends in Maltepe

On the sixth day of municipal workers’ strike in İstanbul’s Maltepe, the head office of the Public Services Employees Union of Turkey has signed the collective labor agreement. The strike has officially ended amid workers’ protests against the head office.

92.6 percent of shopkeepers in İstanbul cannot meet fixed costs

92.6 percent of shopkeepers in İstanbul cannot meet fixed costs

According to a survey conducted by the İstanbul Metropolitan Municipality with the participation of 702 shopkeepers in 39 districts, 92.6 percent of shopkeepers in the city are having problems with paying their rent, bills and workers’ salaries.

Türk-İş: Starvation line increased by 2.5 percent from last month

Türk-İş: Starvation line increased by 2.5 percent from last month

For a family of four, the starvation line was 2,719 lira and the poverty line was 8,568 lira.

26 February 2021

Municipal workers of İstanbul’s Beşiktaş to go on strike as well

Municipal workers of İstanbul’s Beşiktaş to go on strike as well

As no agreement has been reached in the collective bargaining, the Public Services Employees Union of Turkey (Genel-İş) has put a sign of strike on the Beşiktaş Municipality in İstanbul. The strike will begin on March 15 if the deadlock continues.

26 February 2021

Moody’s revises up Turkey's economic growth forecast

Moody’s revises up Turkey's economic growth forecast

Moody's has revised Turkey's growth rates for 2020 and 2021 from minus 5 percent to 1.1 percent and from 3.5 percent to 4 percent, respectively.

25 February 2021

Workers of İstanbul’s Maltepe Municipality go on strike

Workers of İstanbul’s Maltepe Municipality go on strike

After Kadıköy Municipality, the workers of Maltepe Municipality in İstanbul have gone on strike as the parties could not reach an agreement during collective bargaining.

23 February 2021

Fitch revises Turkey’s outlook from negative to stable

Fitch revises Turkey’s outlook from negative to stable

Fitch Ratings has affirmed Turkey’s credit rating at “BB-” while revising its outlook to stable from negative. The agency expects Turkey's current account deficit to fall to 2.9 percent in 2021 and 2.1 percent of GDP in 2022.

22 February 2021

Only a third of applications for unemployment allowance accepted during pandemic

Only a third of applications for unemployment allowance accepted during pandemic

The money in the fund decreased although fewer people were granted unemployment benefits in 2020, CHP deputy Şeker has noted.

19 February 2021

President extends short time work allowance until March 31

President extends short time work allowance until March 31

The government introduced the short time allowance and layoff bans in order to reduce the economic impact of the pandemic.

19 February 2021

Health Minister: 2,412 physicians resigned in Turkey in 6 months

Health Minister: 2,412 physicians resigned in Turkey in 6 months

Minister of Health Fahrettin Koca has answered the Parliamentary question of main opposition CHP MP Bayır regarding the number of doctors who resigned during the pandemic. 2,412 doctors resigned, according to Koca’s answer.

18 February 2021

Collective bargaining ends in a deadlock, municipal workers go on strike

Collective bargaining ends in a deadlock, municipal workers go on strike

The workers of İstanbul’s Kadıköy Municipality have gone on strike as of midnight. If a similar deadlock is reached in the collective bargaining at Ataşehir and Kartal Municipalities in İstanbul, they will also stage a strike.

16 February 2021 Hikmet Adal

Highest price increases recorded in travel, furniture, vegetable oil during pandemic

Highest price increases recorded in travel, furniture, vegetable oil during pandemic

"Since February 2020, the Covid-19 outbreak has radically changed consumer and investor behavior," says the group's report.

15 February 2021

‘67 percent of healthcare workers subjected to violence at least for once’

‘67 percent of healthcare workers subjected to violence at least for once’

According to a countrywide project documenting incidents of violence faced by healthcare workers, the occupational groups subjected to violence most are emergency medical technicians, medical secretaries and patient care workers.

15 February 2021

'Over 10 million people are unemployed in Turkey'

'Over 10 million people are unemployed in Turkey'

The Research Center of the Confederation of Progressive Trade Unions of Turkey (DİSK) has shared its own statistics on unemployment in Turkey, underlining that the broad unemployment rate in Turkey was 28.8 percent in November.

11 February 2021

Unemployment rate in Turkey is 12.9 percent, says TurkStat

Unemployment rate in Turkey is 12.9 percent, says TurkStat

The Turkish Statistical Institute (TurkStat) has announced the labor force statistics for November 2020. According to the TurkStat, the number of unemployed people decreased by 303 thousand in November, which marked a 0.4 point decrease.

10 February 2021

At least 199 workers lost their lives in January

At least 199 workers lost their lives in January

The most common cause of death was again Covid-19.

9 February 2021

Turkey ranks last in financial support for citizens during pandemic

Turkey ranks last in financial support for citizens during pandemic

According to a recent report by the Research Center of the Confederation of Progressive Trade Unions of Turkey (DİSK), Turkey has allocated only 1.1 percent of its GDP for its citizens, including their health expenditures, during the pandemic.

8 February 2021

Delivery, grocery work during pandemic: 'Everyone is not on the same boat'

Delivery, grocery work during pandemic: 'Everyone is not on the same boat'

Most of the workers are concerned about the future and don't want to become unemployed in the time of the pandemic, shows a new study.

3 February 2021 Ayça Söylemez

Turkey’s consumer inflation rate according to TurkStat: 14.97 percent

Turkey’s consumer inflation rate according to TurkStat: 14.97 percent

The Turkish Statistical Institute (TurkStat) has released the Consumer Price Index (CPI) statistics for January 2021. The figures of the TurkStat have shown that the CPI increased by 14.97 percent annually and 1.68 percent monthly in January.

3 February 2021

Construction workers protest Algeria, contractor over unpaid wages

Construction workers protest Algeria, contractor over unpaid wages

Workers gathered in front of Algeria's consulate in İstanbul, demanding to be paid.

2 February 2021

Turkey’s foreign trade deficit increased by 69.1 percent in 2020

Turkey’s foreign trade deficit increased by 69.1 percent in 2020

According to the Foreign Trade Statistics announced by the TurkStat for December 2020, Turkey’s exports decreased by 6.3 percent and imports increased by 4.3 percent in the period of January-December 2020.

29 January 2021

Central Bank governor says it's 'too early' to talk about an interest rate cut

Central Bank governor says it's 'too early' to talk about an interest rate cut

After Ağbal's appointment, the policy rate has been raised from 10 percent to 17.25 percent.

28 January 2021

Soma mine explosion: Court of Cassation reverses own verdict, reduces sentences

Soma mine explosion: Court of Cassation reverses own verdict, reduces sentences

With the new ruling, none of the defendants will go back to prison for the 2014 coal mine explosion that killed 301 workers.

28 January 2021

Audit reports of Turkey Wealth Fund labeled as 'classified'

Audit reports of Turkey Wealth Fund labeled as 'classified'

The general director of the fund has said that it has 1 million Euro of debt with a capital of 33 billion dollars.

28 January 2021

Workers of a solar panel factory not paid their wages, severance for over 2 years

Workers of a solar panel factory not paid their wages, severance for over 2 years

The CSUN factory, a manufacturer of solar panels, was opened in 2012 with the incentive of the ruling AKP. Six years later, its managers left Turkey and the factory was closed. Over 400 workers have not been paid their wages or severance since then.

28 January 2021 Hikmet Adal

5 cities account for over 50 percent of Turkey’s total GDP

5 cities account for over 50 percent of Turkey’s total GDP

Turkish Statistical Institute (TurkStat) has released its statistics on Gross Domestic Product (GDP) by Provinces in 2019. While İstanbul had the highest share with 30.7 percent, the last three provinces were Tunceli, Ardahan and Bayburt in the east.

27 January 2021

Workers halt work at Galataport for their unpaid wages

Workers halt work at Galataport for their unpaid wages

Unable to get their wages, workers halted work at the construction site of Galataport, a controversial urban project on the Asian side of İstanbul.

26 January 2021

Court of Accounts report: Billion-lira loss incurred by 3 public enterprises

Court of Accounts report: Billion-lira loss incurred by 3 public enterprises

According to the report of Turkey’s Court of Accounts, 23 of 81 public enterprises incurred losses in 2019. The highest amount of loss was made by the Petroleum Pipeline Corporation (BOTAŞ) with 5.6 billion Turkish Lira.

26 January 2021

Police intervention against health workers in Ankara

Police intervention against health workers in Ankara

A group of health workers from Ankara City Hospital applauded in protest for their employee personal rights. Police intervened into the protest, detaining several health workers. The detained have been released later in the day.

22 January 2021

Turkey’s Central Bank keeps interest rate constant

Turkey’s Central Bank keeps interest rate constant

The Monetary Policy Committee of Turkey’s Central Bank has kept the policy rate (one-week repo auction rate) constant at 17 percent.

21 January 2021

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