What matters on Wednesday, December 8

The Minimum Wage Determination Commission held the second meeting hosted by the Confederation of Turkish Trade Unions (TURK-IS). The general economic assessments of the Treasury and Finance Ministry and Trade Ministry were submitted. All parties reached an agreement to gradually reduce the tax burden on minimum wages, according to Akansel Koc, Secretary-General of the Turkish Confederation of Employers’ Association (TISK). TURK-IS President Ergun Atalay said all parties made a statement to determine the minimum wage relatively at a high level in accordance with the expectation among the public. He also noted that they want to determine the minimum wage with the participation of employers and employees while all parties agree on the completion of the work rapidly, but they won’t put a signature to an amount that doesn’t meet expectations. The minimum wage may be determined on the third meeting to be held on December 9 .

The increase in USD/TRY and oil prices continue to reflect on petroleum products as price hikes. The price of gasoline has been raised by TRY 0.66. Thus, the per liter price of gasoline has exceeded TRY 10.00 for the first time since Turkey removed six zeros from TRY.

Turkey and Qatar signed 15 new agreements to boost cooperation between the two countries. President Recep Tayyip Erdogan and Qatari Emir Sheikh Tamim bin Hamad Al Thani participated in the signing ceremony of 12 of the agreements in various areas, including trade, investment, development, culture, youth, sports, diplomacy, health, religious affairs, and the media.


The Cabinet is expected to convene at 3.00 PM.

The Ministry of Treasury and Finance will publish figures on domestic debt rollover ratios, average cost and maturity for November (5.30 pm).

The Parliament will discuss the 2022 budget of the Ministry of Interior and the Ministry of Industry and Technology.


>> The future of the tourism industry: ‘Able Tourism’

Representatives from the tourism industry and sector-related fields attended the 11th International Resort Congress on November 25. Dr. Erkan Yagci, Chairman of the Board of Directors of the Mediterranean Touristic Hoteliers and Investors Association (AKTOB), delivered a speech about the future of tourism and explained what the concept of ‘Able Tourism’ means for the sector’s future.

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