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Turkish President Recep Tayyip Erdogan has committed to ensuring that minimum wage increases will surpass inflation in 2025, aiming to protect workers" purchasing power amid ongoing price pressures. These wage adjustments are expected to significantly influence inflation rates, with hopes for a measured increase that aligns with the central bank"s forecast of a 21% inflation rate by year-end.
Russia is hosting the BRICS summit, emphasizing its role in creating a "new world order" that challenges Western dominance. The agenda includes discussions on multilateralism, economic cooperation, and potential expansion of the group, while avoiding direct mention of the Ukraine conflict. Key leaders, including those from India, China, and Turkey, are set to engage in talks, highlighting the bloc's growing influence among developing nations.
Chancellor Olaf Scholz and President Recep Tayyip Erdogan met in Istanbul to strengthen German-Turkish relations amid ongoing tensions over Gaza and migration issues. While both leaders emphasized economic cooperation and the need for a two-state solution, they avoided concrete agreements on visa facilitation and arms exports, with Scholz hinting at a potential shift in Germany's arms policy towards Turkey. The discussions also touched on Turkey's refugee situation and the ongoing challenges of deporting criminals.
Recep Tayyip Erdogan
People
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Erdogan promises minimum wage increases to exceed inflation in 2025
13:47 20.11.2024
Russia hosts BRICS summit to promote new world order and global alliances
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09:50 22.10.2024
scholz and erdogan seek cooperation amid tensions over gaza and migration
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21:59 19.10.2024
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