A commission that is tasked with setting up the minimum wage for some 7 million employees for 2019 launched negotiations on Dec. 6 with the participation of employer unions, worker unions and the government.
Turkey will hold a tender for the construction of a 45-kilometer shipping canal running parallel to the Bosphorus Strait, President Recep Tayyip Erdoğan said on Dec. 6, despite a government freeze on new investments as it reins in spending.
Turkish business tycoon Güler Sabancı is among the world’s most powerful women, according to U.S. business magazine Forbes.
Global demand for cement is seen growing by 1.5 percent next year, the World Cement Association said on Dec. 5, as economic risks and trade tensions weigh on the construction industry in many countries.
World food prices declined in November to their lowest level in more than two years, led by declines in vegetable oils, dairy and cereal, the United Nations food agency said on Dec. 6.
Ever since the advent of the neo-liberal agenda in the early 1980s, privatization has been presented as a panacea for all economic problems. Proponents have consistently talked about the benefits of reducing government size and personnel to ease the burden on national budgets and improve the overall economy. Neo-liberals were convinced by the free market efficiency and gave no credit to other points of view. Neither were they overly concerned about such issues as equality, public good, the importance of the state in maintaining social cohesion, or national security.
Turkey and Azerbaijan will jointly produce freight cars for the Baku-Tbilisi-Kars railway (BTK), the Turkish transportation and infrastructure minister said on Dec. 5.
Turkey supports international investors at every stage from feasibility studies to accessing financing and choosing the right location, head of the Presidency’s Investment Office said on Dec 5.
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.