Turkey is planning to increase the tax on lira deposits and money market funds in coming days, as it seeks to narrow a budget ...

Turkey increased withholding tax on deposits and funds in an attempt to support its budget, while also potentially making ...

Slowing inflation and policy-easing prospects are luring bumper investment flows to Turkey’s bond markets, putting ...

Turkey has pledged it will take action to calm markets after the lira plunged to a new record low in Asian trading. The details would be unveiled shortly, the country's finance minister told ...

Turkey’s minimum wage is now 22,104 Turkish lira, or about $621.22 per month. The 2024 minimum wage was 17,002 Turkish liras ...

2021 was a rough year for the people of Turkey, as the country experienced rapid devaluation of its currency, the lira. Things haven’t improved in 2022 as the lira has suffered since Russia invaded ...

Turkey's monthly inflation rate is expected to rise sharply to 4.35% in January, driven by an annual hike in the minimum wage ...

Turkey is banning the use of foreign currencies in the country's property market as it looks to stem the dramatic fall of its own currency, the lira. President Recep Tayyip Erdogan issued a decree ...

Turkey has hiked its net minimum wage by 30% to Turkish lira (TRY) 22,104 ($627) effective as of January 1, 2025, labour minister Vedat Isikhan said on December 24. The cost of the minimum wage to ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...