Macro and Politics
Tacirler Investment
* The minimum wage for 2026 has been announced at TL28,075, reflecting a 27% increase. Following the third meeting of the Minimum Wage Determination Commission held yesterday, the gross minimum wage was set at TL33,030, while the net minimum wage was announced at TL28,075. The total cost to employers amounts to TL39,553. Minister of Labor and Social Security Vedat Işıkhan also stated that the minimum wage support for employers, which stood at TL1,000 last year, has been increased to TL1,270. The 27% increase in the minimum wage has materialized in line with our baseline assumptions and remains consistent with our end-2026 CPI forecast. Going forward, we will closely monitor potential adjustments to administered prices and tax measures that may follow the minimum wage hike.