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.
76 Articles
76 Articles
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...
Turkey Raises Minimum Wage by 30%, Boosting Rate Cut Chances
Turkey raised the minimum wage by 30% for 2025, providing a relief to investors looking for concrete steps to dial back populist policies and commit to curbing one of the world’s highest inflation rates.
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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. …
Turkey raises the minimum wage by 30 percent.
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