Minimum wage
Turkish gov't to cover 40 pct of cost of minimum wage hike in 2016: Minister
The Turkish government will cover some 40 percent of the cost of a hike in the minimum wage for 8.5 million employees due to come into effect on the first day of the new year but only for 2016, Labor and Social Security Minister Süleyman Soylu said in a meeting early Dec. 30.
Turkish gov't to cover 40 pct of cost of minimum wage hike in 2016
The Turkish government will cover some 40 percent of the cost of a hike in the minimum wage due to come into effect on the first day of the new year but only for 2016, Labor and Social Security Minister Süleyman Soylu said early Dec. 30.
Bulgarian Cabinet Approves Increase of Minimum Wage to BGN 420 in 2016
At its regular meeting on Wednesday, the Bulgarian government approved the increase of the minimum working wage to BGN 420 starting from January 1 next year.
The increase is expected to motivate job seekers and to ensure that people receiving the minimum wage and their families are able to better satisfy their needs.
Turkish SMEs face 60 pct profit loss over minimum wage hike unless state helps: Association
Turkish small- and medium-sized enterprises (SMEs) will lose over 60 percent of their profits unless the state shares the burden from the expected raise in the minimum wage, the head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) said in an exclusive interview with daily Hürriyet.
State, private sector to share burden from minimum wage raise: Turkish PM
Prime Minister Ahmet Davuto?lu said the burden from the planned minimum wage raise will be shared between the state and the private sector in a speech on Dec. 19.
Minimum wage raise to increase Turkey's GDP by 0.4 points: Economy minister
The planned raise in the minimum wage will make around 0.4 points contribution to Turkey's gross domestic product (GDP) growth, Economy Minister Mustafa Elita? said in a televised interview on Dec. 18.
Turkey to raise minimum wage by 30 percent: Turkish PM
The government will raise the minimum wage in Turkey to 1,300 Turkish Liras per month ($446) from the current 1,000 liras ($343), Prime Minister Ahmet Davuto?lu announced on Dec. 10.
Ankara will also provide help to employers in adopting the wage hike, with Davuto?lu particularly pledging to reduce the burden on small- and medium-sized enterprises.
Minimum wage negotiations concerning 6 million Turkish workers start on Dec 2
The Minimum Wage Determination Commission will meet on Dec. 2 to discuss the planned rise in the wage of around 6 million workers in Turkey.
Turkish gov't 'to help employers to curb minimum wage raise': minister
The government has planned to help employers in facilitating the planned minimum wage raise, said the Science, Industry and Technology Minister Fikri I??k in a televised interview.
Leading Turkish business group wants to share minimum wage rise burden with state
Turkey's leading conservative business association has suggested that the burden expected to be created by the rise in the minimum wage should be shared equally with the state.