Vedat

The business world has asked the government to continue incentives for the companies in Türkiye on employment and production.

A delegation of the Turkish Confederation of Employer Associations (TİSK), led by Özgür Burak Akkol, chairman of the board of the federation, presented the demands of the business community to Vice President Cevdet Yılmaz at a meeting on Aug. 14.

Türkiye has entered a phase where international companies are unveiling their investment decisions in the country, and more "good news" is expected to follow soon, according to Vice President Cevdet Yılmaz.

The disinflation process will start in June and annual inflation will decline rapidly in the second half of the year, the Economy Coordination Board (EKK) has said, adding that the main priority is to ensure price stability to achieve lasting welfare gains.

As the government mulls over simplifying labor legislation in Türkiye, media reports are discussing the potential reduction of working hours. However, despite signals of change, concrete action is yet to be taken.

Two police officers have been killed and a technician wounded as their helicopter crashed in the southeastern province of Gaziantep while returning from a mission in the neighboring city of Hatay.

The monthly met minimum wage will be 17,002 Turkish Liras ($578) in 2024 for millions of employees, Labor and Social Security Minister Vedat Işıkhan has announced.

The new minimum wage level is 49 percent higher compared with July, when the wage was increased in a mid-year adjustment. It marks a 100 percent hike from January last year.

The commission, comprised of representatives from the government, employers' and labor unions, is set to hold the first round of talks on the minimum wage for millions of workers today.

The Minimum Wage Determination Commission will meet four times in December before announcing the wage, which will take effect in 2024.

A 350-year-old Ottoman bath has been unearthed by the excavation team in the ancient city of Parion in Kemer village of the northwestern province of Çanakkale's Biga district. The ancient city has a history of 2,700 years and was an important port city during the Roman Empire era.

Establishing price stability remains the top priority for the government, read a statement released after a meeting of the Economy Coordination board, adding that members of the board also discussed details of the key medium-term program to be announced later this year.

The government has prolonged the community benefit programs (TYP) across 11 provinces within the earthquake-stricken regions, ensuring continued support for the unemployed registered with the country's employment agency İşkur.