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Economy news in Türkiye · Page 3

14 stories9 sources/story

69,000 market inspections in a year bring 123 million lira in fines

Turkish Trade Minister Ömer Bolat announced that 560,000 products in 69,000 markets selling staple foods and essential consumer goods were inspected in the past year, and 91 businesses were fined 123 million lira.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Financial crimes probe found 629 million lira in prosecutor's accounts; council suspended him

A review by the Financial Crimes Investigation Board (MASAK) found 629 million lira in inflows to the accounts of a public prosecutor in Mardin between 2017 and 2026. The Council of Judges and Prosecutors (HSK) suspended the prosecutor for three months as a precaution.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Cumhuriyet and soL Haber +3: Sözcü, Cumhuriyet and soL Haber

Economy

Second LPG price hike of 4.63 lira to push litre over 40 lira

The litre price of LPG will rise by 4.63 lira effective 2 October, exceeding 40 lira. That will be the second price hike for LPG in 24 hours.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Unemployment fell to 7.8% in August, idle labour rose to 31%

According to August data from the Turkish Statistical Institute (TÜİK), the unemployment rate fell 0.3 points to 7.8%, while the idle labour rate rose 0.4 points to 31%. The number of employed people rose by 136,000.

Economy

DİSK-AR: Broad unemployment rises to 31 percent

According to DİSK-AR's September report, the broad unemployment rate rose to 31% in August, and the gap between narrow and broad unemployment reached 23.2 points.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Minister Kacır offers up to 1 billion lira for manufacturers

Industry and Technology Minister Mehmet Fatih Kacır announced a new scheme for manufacturing investments. Loans of up to 1 billion lira can be granted under the YTAK Program with a budget of 750 billion lira.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Turkish Court of Cassation: Worker denied advance leave pay can claim severance

The Turkish Court of Cassation (Yargıtay) ruled that a worker who did not receive annual leave pay in advance when taking leave may rightfully terminate the employment contract and qualify for severance pay.

  1. Turkish Court of Cassation says unusual gifts can be reclaimed if engagement ends
  2. Turkish Court of Cassation issues precedent on non-reinstatement pay
  3. Court ruling annulling indefinite poverty alimony published

News series

Emlak Katılım seeks approval for Katılımevim, Birevim transfers

Türkiye Emlak Katılım Bank applied to the Turkish Competition Authority for approval of the transfer of Katılımevim, Birevim and İktisat Katılım shares. The bank said other approval processes are ongoing.

Economy

Foreign trade deficit reached $65.8 billion in first eight months

According to Turkish Statistical Institute (TÜİK) data, the foreign trade deficit rose 22.3% year-on-year in August to about $5.2 billion. The deficit in the first eight months of the year reached about $65.8 billion.

Economy

Turkish trade union confederation Türk-İş puts September hunger line at 37,801 lira

The trade union confederation Türk-İş's September survey put a family of four's monthly food spending at 37,801 lira and total essential expenses at 123,130 lira.

Economy

46 detained in tax evasion operation across 9 provinces

In the investigation led by the Gebze Chief Public Prosecutor's Office, fake invoices were found to have been issued through front companies across 9 provinces, and 46 people were detained.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Hedef Holding fails to pay about 1.1 billion lira debt

Hedef Holding told the Public Disclosure Platform (KAP) it could not pay about 1.1 billion lira in matured Stock Exchange Money Market debt. The company said financing conditions and problems accessing funds prevented payment and applied to change the debt's maturity and terms.

Economy

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