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  • World - Europe
  • Updated: March 29, 2023

Turkey Will Cut Power, Gas Prices, Hike Minimum Wage - Erdoğan

Turkey Will Cut Power, Gas Prices, Hike Minimum Wage - Erdo�

Turkey's President Recep Tayyip Erdoğan on Wednesday announced his country will cut electricity and natural gas prices.

He also pledged an increase in the minimum wage.

Erdoğan disclosed that electricity prices will be lowered by 15%, and gas prices for industrial users will be reduced by 20% in April.

Erdoğan added that the government plans to announce a mid-year increase in the minimum wage.

The move comes as Turkey heads toward presidential and parliamentary elections, scheduled for May 14.

The government has tripled the minimum wage in the past year, raised state salaries, offered debt relief and hiked pensions for millions to ease the economic pressure on households.

In another significant move, he announced an arrangement that eliminates an age requirement and offers early retirement to citizens.

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