Mehmet

Türkiye's Capital Markets Board has drafted secondary regulations governing the storage and transfer of crypto assets, following a comprehensive law enacted last year to regulate the market.

These regulations are set to introduce several pivotal changes, including a prohibition on leveraged trading of listed cryptocurrencies on platforms.

Türkiye's annual inflation rate slowed for the seventh consecutive month in December, data from the Turkish Statistical Institute (TÜİK) showed on Jan. 3.

Consumer prices rose by 44.38 percent last month, down from 47.1 percent in November.

The updated version of Türkiye's Hürkuş training aircraft successfully completed its first flight on Dec. 30.

The flight conducted at Mürted air base in the capital Ankara followed ground testing. During the 20-minute journey, the aircraft reached an altitude of 6,500 feet and a speed of 140 knots, Turkish Aerospace Industries (TUSAŞ) said in a statement on X.

The government has unveiled a new Southeastern Anatolia Project (GAP) Action Plan covering the period of 2024-2028 to support the region's economic development through large scale investments.

The increases in the minimum have surpassed the annual inflation rates, according to Finance Minister Mehmet Şimşek.

In 2013, the annual inflation was 64.8 percent, whereas the minimum wage was hiked by 107.3 percent in that year, Şimşek wrote on X.

The Turkish economy still has a growth potential and may join high-income countries within a year or two, Finance Minister Mehmet Şimşek has said, adding that disinflation has begun and is continuing.

"We are converging to European Union countries in terms of per capita income," the minister said, speaking at an energy conference in Istanbul.

Petrol Ofisi Group, Türkiye's leading energy infrastructure company, and Türk Telekom have announced that they launched a new phase in the area of Wide Area Network (SD-WAN), a four-year collaboration.

The labor union Türk-İş demanded that the minimum wage should be increased from a current 17,000 Turkish Liras to 29,583 liras ($811).

Representatives of Türk-İş, the Turkish Confederation of Employer Associations (TİSK) and the government launched talks on Dec. 10 to decide about the minimum wage for 7 million workers, which will take affect in 2025.

Treasury and Finance Minister Mehmet Şimşek visited Muscat, the capital of Oman, on Dec. 19 for the 12th meeting of the Joint Economic Commission, according to information from the ministry.

As discussions to set the minimum wage for 2025 are ongoing, Finance Minister Mehmet Şimşek has hinted at a raise that could protect workers from the impact of inflation.

Speaking at parliament, Şimşek noted that the government has improved salaries and pensions with increases above the inflation rate.