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Poverty Line Reaches Tl 2,112 ($760) for Single Worker in July

  • Published in Business


The poverty line for a single worker, the amount he/she should earn monthly in order to pay rent and meet basic needs, increased by 0.13 percent in July compared to June, setting at TL 2,112 ($760) according to data the Turkish Public Workers' Labor Union (Kamu-Sen) released on Sunday. The hunger threshold, on the other hand, for a single worker was set at TL 1,630.23.

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E-Commerce More Appealing As Turks Get Richer

  • Published in Business


The British fund AIM and its business partner SBK Holding, which are subsidized by American funds, have purchased the e-commerce website bukombin.com, following German Delivery Hero's purchase of yemeksepeti.com for $589 million in May.

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Asia-Based Capital Inflow To Turkey On The Rise

  • Published in Business


The European Union-based foreign direct investment (FDI) to Turkey decreased 47.5 percent in the first five months of 2015, compared with the same period of the previous year. However, the FDI from Asian countries increased by a remarkable 115 percent.

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