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enStarting from January 1, 2024, the minimum wage in Turkey will be increased by 49%
December 28, 2023
The head of the Ministry of Labor of Turkey, Vedat Eyikhan, after negotiations with trade unions, announced an increase in the minimum wage. "The Commission has completed work on determining the minimum wage from January 1, 2024. We have determined it at 17.002 Turkish lira ($578)," said Yyyykhan. The decree will come into force after publication in the Official Gazette.
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September 23, 2024
Türkiye increases purchases of Western LNG: new contract with TotalEnergies.
Turkey s state-owned energy company Botas has signed a new long-term contract with France s TotalEnergies for the supply of 16 cargoes of liquefied natural gas (LNG) per year. The agreement will come into force in 2027 and is designed for 10 years, providing Turkey with an additional 1.6 billion cubic meters of gas annually.
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September 23, 2024
TOP countries for wind power generation: Türkiye in the TOP-15.
Amid the global shift to renewable energy, countries around the world are rapidly expanding their wind power industries. According to the latest data, China holds a solid lead with an installed wind turbine capacity of 441,895 megawatts.
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September 2, 2024
Turkey's economic growth in the second quarter of 2024
Turkey's Federal Statistical Office reported that the country's economy grew by 2.5% in the second quarter of 2024. Significant growth was recorded in the services sector (7.4%) and construction (6.5%).
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September 2, 2024
Turkey's Finance Ministry to Reveal Names of Major Tax Debtors
Finance and Treasury Minister Mehmet Simsek said the names of taxpayers with tax arrears and fines of 5 million lira or more will be made public. Those who do not want to be on the list of "tax debtors" will have to pay off their debts by the end of September 2024. Taxpayers from earthquake-hit areas will be excluded from the measure.
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