24.12.2025, 14:20
It will become more expensive to eat and relax in Turkey
Source: OREANDA-NEWS
OREANDA-NEWS Increase in the minimum wage (minimum wage) In Turkey, it can lead to price spikes in restaurants, cafes, and resort hotels. This was reported by RIA Novosti with reference to an anonymous source in one of the Turkish state-owned banks.
The increase in the minimum wage is likely to become a pro-inflationary factor by the summer, the insider believes. To a greater extent, inflation will affect the service sector and service-oriented sectors, he believes, and to a lesser extent — on goods with a large share of imports.
The agency's interlocutor also predicted price increases in beauty salons, cleaning services, and repair shops. In his opinion, the price tag in the catering market (catering and banquet services) will also change.
Turkish Labor Minister Vedan Isihan on Wednesday announced that the country will raise the minimum wage for 2026 by 27 percent, to 28,075 thousand liras or 655 dollars. It is expected that this step will improve the purchasing power of the population, but at the same time it can also accelerate inflation, economists warned.
Earlier, Turizm Ekonomi warned about the expected increase in the cost of private carrier services in Turkey. Starting in 2026, they will be transferred from the simplified taxation system (STS) to the general one, and they will have to pay taxes every quarter, keep accounting records and meet other mandatory requirements.
The increase in the minimum wage is likely to become a pro-inflationary factor by the summer, the insider believes. To a greater extent, inflation will affect the service sector and service-oriented sectors, he believes, and to a lesser extent — on goods with a large share of imports.
The agency's interlocutor also predicted price increases in beauty salons, cleaning services, and repair shops. In his opinion, the price tag in the catering market (catering and banquet services) will also change.
Turkish Labor Minister Vedan Isihan on Wednesday announced that the country will raise the minimum wage for 2026 by 27 percent, to 28,075 thousand liras or 655 dollars. It is expected that this step will improve the purchasing power of the population, but at the same time it can also accelerate inflation, economists warned.
Earlier, Turizm Ekonomi warned about the expected increase in the cost of private carrier services in Turkey. Starting in 2026, they will be transferred from the simplified taxation system (STS) to the general one, and they will have to pay taxes every quarter, keep accounting records and meet other mandatory requirements.
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