Turkish Statistical Institute

A recent study by the Turkish Statistical Institute (TÜİK) has shown an increase in the proportion of individuals following their fathers' professions in the period 2019-2023.

The government is determined to achieve a more sustainable and balanced growth, Vice President Cevdet Yılmaz has said.

Commenting on the latest industry production data, Yılmaz reiterated the government's commitment to the fight against inflation "with determination" in the period ahead.

The annual increase in industrial production picked up sharply from 1.3 percent in January to 11.5 percent in February, data from the Turkish Statistical Institute (TÜİK) have shown.

In the same month of last year, the country's industrial output slumped 8.8 percent year-on-year.

Finance Minister Mehmet Şimşek said on April 3 that the decline in monthly inflation will continue after the numbers for March were announced.

Experts have warned about a potential cultural identity loss stemming from the surge in migration from rural to urban areas in the eastern Black Sea region, which is leaving villages increasingly deserted and aging.

The monthly increase in retail prices in Istanbul slowed from 4.07 percent in February to 3.93 percent in March, according to data from the Istanbul Chamber of Commerce (İTO).

On the back of the March reading, the annual inflation in Türkiye's megacity accelerated from 76.58 percent to 74.22 percent.

Prices rose by 15.42 percent compared with the end of 2023.

The foreign trade deficit declined by 44.2 percent in February from a year ago, data from the Turkish Statistical Institute (TÜİK) has shown.

The country's exports rose by 13.6 percent year-on-year to $21.08 billion, while imports plunged 9.2 percent to $27.85 billion, leading to a foreign trade deficit of $6.77 billion.

Social protection expenditure rose by 60.2 percent to reach 1.29 trillion Turkish Liras in 2022 compared to the previous year, marking a substantial increase, data from the Turkish Statistical Institute (TÜİK) have shown.

Social protection aids constituted the majority of the expenditure, totaling 1.26 trillion liras, representing 98 percent of the total expenditure.

The bilateral trade volume between Türkiye and Israel has declined by 33 percent between Oct. 7 and March 20, Trade Minister Ömer Bolat has said. 

"Public institutions and state-owned companies never do business with Israel," Bolat said in an interview with private broadcaster 24 TV.

Turkish companies are likely to increase hiring in the second quarter of 2024, according to a survey by ManpowerGroup.