Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Turkey raises monthly minimum wage by 30% for 2025

admin by admin
December 25, 2024
in Economy
0
Turkey raises monthly minimum wage by 30% for 2025
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter

ISTANBUL (Reuters) – Turkey’s net monthly minimum wage will be 22,104 Turkish lira ($630.36) in 2025, Turkish President Tayyip Erdogan said on Tuesday, marking a 30% increase from 2024.

The minimum wage hike, which impacts some 9 million workers and is seen as a benchmark for the increase in private sector salaries, is expected to elevate inflation in the coming months, according to economists.

According to Reuters calculations based on central bank studies, a 25% wage increase would raise annual inflation by between 1.5 and 5 percentage points.

Turkish inflation declined to 47.09% in November from an annual high of 75% in May, mainly due to tight monetary and fiscal policies. However, the improvement in the print was slower than previously forecast according to the central bank.

($1 = 35.0659 liras)

This post appeared first on investing.com

Previous Post

The Trump factor: EU defence sector to keep holding a strong premium through 2025

Next Post

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

admin

admin

Next Post
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18%

Trending News

PepeX records $1 million in presale as Trump-backed token struggles

PepeX records $1 million in presale as Trump-backed token struggles

March 29, 2025
Ubisoft shares surge as Tencent invests in new unit housing franchises like Assassin’s Creed

Ubisoft shares surge as Tencent invests in new unit housing franchises like Assassin’s Creed

March 28, 2025
Short E-mini S&P 500: Break below key support, bearish divergence confirms downside

Short E-mini S&P 500: Break below key support, bearish divergence confirms downside

October 2, 2024
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.