Turkey hikes public wages by 25%

Turkey hikes public wages by 25%

The wages of active and retired public servants will be increased by 25%, Turkey’s President Tayyip Erdogan said on Tuesday, after annual inflation fell to around 64% due to base effects.

Speaking at an event in Ankara, Erdogan said the government saw inflation, which hit to its 24-year-high in October, falling further in 2023. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.