Turkey postpones mid-year minimum wage increase due to high inflation rates.
Turkey has decided against a mid-year increase in minimum wage due to high inflation rates, and the central bank continues to implement interest-rate hikes and restrictive policies to restore price stability. This has led to a cost-of-living crisis, but the government aims to reduce inflation to 38% by year-end. Labor Minister Vedat Isikhan stated that the next salary talks will take place in December.
June 26, 2024
3 Articles