With Erdogan, the minimum wage in Turkey, faced with inflation of more than 84% over one year, will be raised on January 1 to 8,500 net Turkish liras (around 455 euros), for the third time in a year. More than 40% of Turks live on the minimum wage. Despite this...
According to the announcement of the Presidency and the Ministry of Labor and Social Security, the minimum wage for 2023 in Turkey was announced as 10.088 ₺ gross and 8.506,80 ₺ net. According to the minimum wage figures for 2023 in Turkey ; Minimum Wage (Gross)10.008...
Faced with general discontent, Turkish President Erdogan tries to stay in power at all costs. Indeed, for months, the Turkish economy has been sinking into crisis, the currency is collapsing and inflation is reaching record highs, plunging a large part of the...
Turkish President Recep Tayyip Erdogan on Wednesday (December 21st) promised to bring inflation down sharply in the coming months and relieve Turkish citizens of the burden of a high cost of living. « Hopefully we will see the decline in inflation in the coming...
The net salary table of millions of retirees has been announced. According to the 14.05 percent increase calculation, it was revealed how much retirees who received 3.800, 4.200, 4.500 liras would earn. SGK, SSK and Bağ-Kur retirees will receive 5 monthly salaries in...
Turkish law offers the possibility for foreign investors to set up in Turkey simply through a branch, called “Şube”. This branch has been somewhat reformed by the new Turkish Commercial Code (“NCCT”) which was adopted by Law No. 6102 dated January 13, 2011 and entered...
