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Turkey Lifts Minimum Wage by 49% for 2024 as Inflation Soars.
In: Bloomberg.com, 2023-12-27, S. N.PAG
Online
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Zugriff:
Turkey will increase its minimum wage by 49% in 2024 in an effort to alleviate the burden of living costs, particularly in light of the country's high inflation rate, which is projected to exceed 70%. The monthly net minimum salary will be set at 17,002 liras ($578). This decision has attracted attention from credit rating companies and investors, as it may complicate the central bank's efforts to control inflation. The government aims to reduce inflation by almost half by the end of next year, but must also address the cost-of-living crisis faced by the population. [Extracted from the article]
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Turkey Lifts Minimum Wage by 49% for 2024 as Inflation Soars.
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Autor/in / Beteiligte Person: | Akman, Beril |
Zeitschrift: | Bloomberg.com, 2023-12-27, S. N.PAG |
Veröffentlichung: | 2023 |
Medientyp: | serialPeriodical |
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