Türkiye raises salaries of civil servants, pensions by 25 pct

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Türkiye raises salaries of civil servants, pensions by 25 pct

STORY: Türkiye raises salaries of civil servants, pensions by 25 pct DATELINE: Jan. 4, 2023 LENGTH: 00:00:59 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1.various of people on the street 2.various of people in the market 3.various of people withdrawing money STORYLINE: Turkish President Recep Tayyip Erdogan announced Tuesday that the government will introduce a 25-percent rise in the salaries of civil servants and pensions to ease the burden of rising living costs. The wage and pension increase was in line with the year-end inflation rate, said Erdogan, emphasizing that the inflation will continue to fall in 2023. Inflation in Türkiye hit nearly 85.5 percent, a 24-year high, in October after rising for 17 months, before dropping slightly in November to 84.39 percent. The Turkish government has recently hiked the minimum wage and eliminated a retirement age requirement that would allow more than 2 million Turkish workers to retire immediately. The moves came as Erdogan prepares to run for presidential

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