OECD

The government has met some of Turkey's major unions on March 31 ahead of major planned labor-law reforms that would allow private employment agencies to create temporary working relations. 

Labor Ministry deputy undersecretary Ali Kemal Say?n said the changes were needed to harmonize the law with directives from the European Union and the International Labor Organization.        

Turkey needs to create a new economic narrative. Several problems, old and new, have been squeezing the basics of the country's economy of late. In addition to escalating security concerns, problems in the judicial system and the media climate, as well as economic woes in Turkey's oil-exporting markets, have worsened the situation. 

According to initial estimates included in the latest OECD report, the refugee crisis has cost the Greek economy 0.4 per cent of the country’s GDP in 2015. OECD General Secretary Angel Gurria presented the findings of the report to the Greek PM Alexis Tsipras, during his visit in Athens, Thursday.

Greek government admitted that the borders are in fact closed, said government sources following the meeting held between Greek Prime Minister Alexis Tsipras and OECD secretary general Angel Gurria at Maximos Mansion.

Greek Prime Minister Alexis Tsipras received on Thursday OECD secretary general Angel Gurria. This was the third meeting between the two officials since February 2015.

The world's 20 top economies will use all policy tools available to lift sluggish global growth, they said on Feb. 27, despite German disquiet over fiscal and monetary stimulus.

Turkey and China have established a cooperation council to develop relations in the fields of politics, economy, trade, security, and tourism, with the Turkish co-chair expected to appear at a G-20 meeting in Shanghai on Feb. 26.    

A large number of Turks continue to eye a fresh start in a new country, as recent data has ranked Turkey fourth among nations which experience major emigration, continuing a decades-long trend.

The share of the unregistered economy in Turkey is bigger than any other Organization for Economic Co-operation and Development (OECD) member state, according to a new study. 

The shadow economy's ratio to the Turkish cross domestic product is at 28.72 percent, said the study's author Ceyhun Elgin, from the Economy Department of Istanbul's Bosphorus University. 

The OECD released a list that ranks countries based on the highest scientists per capita while also tracking new college degrees.