Statement from Cevdet Yılmaz on pensions and the minimum wage: He gave a timeline for the welfare adjustment

Turkish Vice President Cevdet Yılmaz said a welfare package covering all pensioners is planned to be submitted to parliament before the new year, setting a firm legislative timeline for the long-promised adjustment. He also confirmed that minimum wage negotiations have not yet begun, and said the final decision should emerge from a balanced process involving all three parties—government, employers and workers. The announcement matters because it signals when higher pension payments and the next minimum wage setting will take effect, both of which feed directly into household income and inflation expectations. Investors and economists will watch the package's size and the wage talks' start date for clues on budget costs and year-end price pressures.