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Local Press Flags Weight of New Banking Regulations

TURKEY
  • A discussion piece in Ekonomin writes that the banking industry is aware of the concerns around access to finance, but the government have placed the industry under a ‘regulation bomb’ and have become overwhelmed by the new rules.
  • Tourist arrivals grew at the slowest rate since after the pandemic in October, rising by 38.4% on the year, down from 55% previously.
  • Cumhuriyet write that most Turkish businesses see a monthly minimum wage increase to TRY 8,000 – 8,500, an effective 55% increase.

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