Economy and Finance
168 articles
Economy and Finance
NEW REGULATION ON GOLD SALES
All gold will be sold with a tax label under the Precious Metal Tracking System (KMTS) to be launched in April by the Mint, which is affiliated with the Treasury and Finance Ministry.
Economy and Finance
OVERSEAS SHOPPING GETS MORE EXPENSIVE AS CUSTOMS EXEMPTION REMOVED
Overseas shopping got more expensive after new regulations ended the customs exemption for individual purchases of less than €30.
Economy and Finance
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BROAD UNEMPLOYMENT IN TURKEY NEARS 12 MILLION
Broadly defined unemployment in Turkey has climbed close to 12 million, according to a December 2025 report by DİSK-AR, the research branch of the Confederation of Progressive Trade Unions of Turkey.
Economy and Finance
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POVERTY RATE FALLS SLIGHTLY, BUT MILLIONS STRUGGLE
The Turkish Statistical Institute (TurkStat) released its Poverty and Living Conditions Statistics for 2025, showing a limited decline in the relative poverty rate while material deprivation and social exclusion remain widespread, meaning millions are unable to meet basic needs such as heating.
Economy and Finance
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GOVERNMENT SEEKS UNION APPROVAL ON MINIMUM WAGE
Although unions have refused to participate in the ongoing Minimum Wage Determination Commission meetings, the government is seeking their approval on the 2026 minimum wage — a move seen as an attempt to legitimize a process from which labor groups protest for being excluded.
Economy and Finance
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MINIMUM WAGE PANEL FACES STRUCTURAL CHANGE AS RAISE SCENARIOS EMERGE
Turkey’s Minimum Wage Determination Commission is preparing for its first major structural overhaul in 50 years after unions said the current system blocks fair representation. The Labor Ministry has proposed an “interim formula” that would cut the government’s seats from five to one, reducing the 15-member body to 11 while keeping five worker and five employer representatives.
Economy and Finance
KARAHAN: INFLATION IS LIKE A VIRUS—ERADICATING IT TAKES TIME
Central Bank Governor Fatih Karahan has likened inflation to a virus, saying it becomes harder to eliminate the longer it lingers in the economy. “We are applying the right prescription,” he said. “We’ve achieved positive results so far, and we have no doubts about our ultimate goal. But the effect of the prescription varies from case to case.”
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TURKEY PLANS TO INTRODUCE CITIZENSHIP INCOME
Turkey will test the proposed “basic citizenship income” pilot program, first announced by the governing AKP in 2023.
Economy and Finance
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CHILD LABOR TRAGEDIES FUEL TENSIONS IN PARLIAMENT
The deaths of child laborers enrolled in Vocational Training Centers (MESEM) triggered tense exchanges in the Planning and Budget Commission.
Economy and Finance
ANKARA LEADS IN CREDIT DEBT, KARAMAN TOPS IN UNPAID LOANS
Turkey’s Banking Regulation and Supervision Agency (BDDK) released new data covering the first nine months of 2025, revealing the country’s debt landscape by province. The capital, Ankara, recorded the highest total credit debt, while the central Anatolian province of Karaman had the largest share of citizens unable to repay their loans and facing collection proceedings.
Economy and Finance
NUMBER OF COMPANIES FILING FOR CONCORDAT RISES BY 72%
The financial crisis facing companies in Turkey is deepening as the amount of non-performing loans from banks exceeded 519 billion lira as of the week of Oct. 24. In the January-October period of 2025, the number of companies granted a temporary moratorium on debt repayment rose to 2,326, a 72% increase year on year.
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TURKEY’S HYDROPOWER OUTPUT PLUNGES 25% AS DAMS RUN DRY
Turkey’s once-mighty dams are losing their power — literally. Electricity generation from the country’s largest hydro plants has fallen by a quarter in the past three decades, a drop experts link to worsening drought and years of poor planning.