All News on Economics in Turkey
Turkish unemployment lowest in 10 months
Unemployment in Turkey fell to 9 percent in April, marking its lowest point in 10 months, official data has shown.
The monthly unemployment rate was recorded at 9 percent in April, as there were 2.6 million people seeking employment during this period, which comprises of March to May, the Turkish Statistical Institute (TÃÄ°K) has announced.
Second-half expectations not optimistic
Expectations related to Turkeyâs economy for the second half of the year are not as positive as they were in the first half. While it has become more difficult to attain the first halfâs performance in production and employment, a course that will unfold depending on developments in the global economy seems inevitable.
Minimum wage of $14 a day highly inadequate, outdated for workers
A level of $14 per day, especially if the other family members of the workers do not have any other income, is highly inadequate for laborers, who work for a minimum wage, to maintain their physical being On July 1, Turkeyâs minimum wage will be âupdated.â For a single worker without any children, it will be net 891 Turkish Liras monthly, which is approximately 306 euros or $414.
Charles Dickens on the Great Recession
In addition to attending my friendsâ birthday party and meeting up with Turkey economists, I also had some time for sightseeing in London. Other than pub crawls, I visited the Charles Dickens Museum at 48 Doughty Street, which was home to the novelist from 1837 to 1839.
FDI to Turkey stalls at $13 billion in 2013: Report
Turkey attracted around $12.9 billion foreign investment in 2013, putting the country at the 22nd place in the world, a global report has revealed, but sector representatives say the level is far from its potential.
How many millions of people living in poverty in Turkey?
According to the Organization for Economic Co-operation and Developmentâs (OECD) Income Inequality and Poverty report issued in June, Turkey maintains its place among the countries where income inequality is the highest.
Turkey’s exports get going when growing gets tough
Turkey grew 4.3 percent in the first quarter on the heels of strong export performance, which makes harder to guess countryâs economic performance for the rest of year Before 1980, the Turkish economy concentrated on the domestic market.
Coal for votes – or maybe even lives?
Today is the last day of the quarterly data-intensive week. In addition to the first quarter GDP figures, which were released on June 10, industrial production and Balance of Payments for April came out on June 9 and 12 respectively.
Turkey plunges down in ultra-rich ranks amid growing global wealth
The number of the ultra-rich in Turkey dropped significantly in 2013, while the millionaire number stagnated, according to BCGâs latest research The wealth level and the total number of ultra-rich dropped in Turkey last year, when global wealth witnessed a remarkable rise, according to a new study by the Boston Consulting Group (BCG).
Foreign exchange rate increases amid fluctuating foreign trade
According to the exports data for the first four months of 2014, when compared to the first four months of 2013 of the low-rate period, we cannot say there was a âboostâ in exports, whereas the increase in the foreign exchange rate is not at all a small one The structure based on a low foreign exchange rate policy that Turkey has been following for some time due to the effect of chan
Turkey needs fiscal reforms to sustain growth: World Bank report
In order to maintain sustainable growth, Turkey needs to introduce necessary reforms to increase national savings and reduce its dependency on consumption-based revenues and short-term capital flows, the World Bank has said in a new report.
Turkish Central Bank avoids hinting rate cut at Cabinet meeting, but says ‘all is well’
Turkish Central Bank Gov. Erdem BaÅçı gave no signals of an immediate rate cut during a critical and much-anticipated presentation in front of Turkish Prime Minister Recep Tayyip ErdoÄan on June 2, but sought to draw an optimistic picture of the economy.
ErdoÄan, a harsh critic of high rates, has been vigorously slamming the bank for âinsufficient rate cuts.â
Oddity in Turkish gold trade raises questions
Turkeyâs gold exports and imports dipped in April, adding to questions over unexplained sharp moves in trading after recording a surprising leap in exports to Switzerland in March.
Four policemen among suspects in migrant smuggling ring
Four police officers are among the 22 suspected members of a major migrant smuggling racket arrested this week, a police spokesman said on Friday.
The officers were based in the northern region of Evros with the remainder operating in Evros, Athens and Thessaloniki, the spokesman, Christos Parthenis, said.
Euro Area International Trade Records EUR 17B Surplus in March
The first estimate for the euro area trade in goods balance with the rest of the world in March 2014 gave EUR 17.1B surplus, compared with EUR 21.9B in March 2013.