Türkiye raises minimum wage again

Read on the website Vestnik Kavkaza

The head of the Turkish Ministry of Labour, Vedat Işıkhan, announced the minimum wage's increase in the country. It will increase by 34%, so it will be 11,402 thousand liras ($483).

According to the Minister, this decision will improve the purchasing power of citizens, but it will negatively impact inflation in Türkiye. He reminded that more than a third of the country's citizens were satisfied with the minimum wage nowadays.

It should be added that the authorities of the republic already raised the minimum wage by 55% last December. The inflation rate in Türkiye reached 85% in October.