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One-Time Minimum Wage Increase of 40-50% Expected in 2024

TURKEY
  • Minimum wage negotiations started Monday. Hurriyet write that while parties are focusing on a figure that will not “overwhelm inflation”, expectations are that there will be a one-time increase of 40-50% in 2024.
  • Due to the slowdown in the economy, the contraction in ports accelerated, Ekonomi report. According to the data of the General Directorate of Maritime Affairs, the total amount of cargo handled in ports decreased by 11% in November compared to the same period last year.
  • There are no data releases or speaker events scheduled for today.

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