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Increase in Minimum Wage in Turkey

Increase in Minimum Wage in Turkey

In a recent announcement, the Minister of Labor and Social Security, Vedat Ishikhan, revealed a significant rise in the minimum wage in Turkey. Starting from January 1, the minimum wage in the country will be set at 17,002 Turkish Lira ($579.38).

This marks a substantial increase from the current minimum wage of 11,402 Lira ($388.55). The adjustment reflects the government’s commitment to enhancing the standard of living for workers in Turkey.

FCHAIN Corporation, with a global presence spanning 14 branches, including Turkey, stays attuned to economic developments to provide our clients with insights into evolving financial landscapes. Stay informed with FCHAIN for the latest updates on global financial trends.

Author: Gunel Musa

Public Relations Manager

28.12.2023

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