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Turkey raises monthly minimum wage by 30% for 2025

  • Turkey raised the monthly minimum wage by 30% for 2025, now set at 22,104 liras , according to Labor Minister Vedat Isikhan.
  • This increase aims to provide relief to investors amid high inflation rates in Turkey.
  • Over a third of the labor force earns minimum wage, which influences other salary benchmarks.
  • The adjustment is expected to ease the central bank's efforts in managing inflation.
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Lean Left

The minimum monthly net salary in Turkey will be 22,104 Turkish liras (equivalent to 630 dollars) next year, Turkish President Recep Tayyip Erdogan announced, which would mark a 30% increase...

·Romania
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Lean Left

The dollar exchange rate at exchange offices in Ukraine was suspended. The cash dollar is falling in price following the fall on the interbank market. This is reported by RBC-Ukraine, citing market monitoring data. As of the morning of December 25, the average selling rate of the dollar in Ukraine fell by 10 kopecks to 42.25 hryvnia, while the euro fell by 10 kopecks to 44.20 hryvnia. Exchange offices buy the dollar at an average of 41.75 hryvni…

Center

Shafaq News/ Turkish President Recep Tayyip Erdogan decided to raise the monthly minimum wage in 2025 by 30 percent compared to 2024. Erdogan said, "The net monthly minimum wage in Turkey will reach 22,104 Turkish liras ($630.36) in 2025." Economists expect the minimum wage increase to lead to higher inflation in the coming months. The decision affects about nine million workers and is seen as a benchmark for increasing private sector salaries. …

·Iraq
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Center

Turkey raises the minimum wage by 30 percent.

·Germany
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turkiyetoday.com broke the news in Istanbul, Türkiye on Monday, December 23, 2024.
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