Severance Pay Ceiling Rises: Good News for Workers in the New Year

Along with the salary increases of civil servants, there is a significant increase in the severance pay ceiling! This increase of 49.25 percent will offer more advantages to workers. So, how will this new severance ceiling be implemented? Here are the details!

Turkey's Cities with the Highest Rental Income Named

According to the news of the Yeni Şafak; One of the Turkish companies for assessing the value and profitability of real estate studied the demand and profitability of rental housing in cities and individual regions of the Republic of Turkey. It turned out that the most profitable area for renting out apartments and villas was the Mamak area in Ankara with an annual profitability of 8.54%. The second place was taken by the Esenyurt district in Istanbul, receiving 7.93%. Altindag in Ankara closes the top three, where profitability was estimated at 7.62%. Next on the list are several areas in the capital of the country, as well as in Izmir, Bursa, Istanbul, Mersin and Antalya. Thus, the most profitable area for renting out housing in Bursa is considered to be Yildirim, in Antalya - Kepez, in Mersin - Yenisehir, and in Bursa - Osmangazi. Among the provinces, Antalya stands out favorably as the most popular locality among foreign buyers and investors. It is one of the best Turkish cities for relocation and offers developed infrastructure, a pleasant climate and many foreign communities.

Türkiye Attracts Over $250B in Foreign Investments

According to the news of Prime property turkey Türkiye has attracted over $250 billion in foreign direct investments (FDI) since 2003, marking a significant increase in international capital inflow, according to Ahmet Burak Dağlıoğlu, the head of the Presidency's Investment Office. This achievement is attributed to structural reforms and investment targets that have drawn the attention of global investors. Dağlıoğlu highlighted the pivotal role of political stability since 2003 in fostering international investments. He also pointed out that the majority of FDI in Türkiye comes from Europe, emphasizing the country's pivotal role as an alternative production hub for Asian countries and its proximity to European markets. Dağlıoğlu stated that direct investments are crucial for Türkiye's aim to become one of the world's top ten economies, focusing on addressing the current account deficit, employment creation, and technological transformation. Türkiye's commitment to these goals is an attractive prospect for international investors, especially given the country's growth trajectory and export-focused economy. Sustainability, digitalization, and geopolitical developments have reshaped the global supply chain, and Dağlıoğlu underlined the importance of Türkiye's strategic location, infrastructure investment, and green policies in enabling its integration into the global supply chain.