Cost of Doing Business

Minimum Monthly Wage

Minimum Monthly Wage (gross and net)
	TRY
Net Minimum Wage	22,104.67
Gross Minimum Wage	26,005.50
Social security premium payment (14%)	3,640.77
Payment for unemployment insurance fund (1%)	260.06
Total Deduction	3,900.83
Employer Cost
Gross minimum wage	26,005.50
Employer’s share of social security premium (15.75%)*	4,095.87
Employer's payment for unemployment insurance fund (2%)	520.11
Total Employer Cost	30,621.48
* For premiums that are paid in due time, as an incentive, a five-point reduction is applied (down from 20.75% to 15.75%). Source: Ministry of Labor and Social Security Valid for January 01, 2025 – December 31, 2025

Cost of Electricity

Electricity Prices for Industrial Consumers

Annual Consumption

Connection Type

Distribution Line - Low Voltage

Distribution Line - Mid Voltage

Transmission Line

Less than 15,000 kWh

USD 129.74

USD 122.89

USD 99.47

More than 15,000 kWh

USD 146.32

USD 130.79

USD 102.37

All prices are listed in USD/MWh and include all applicable taxes (including 20% VAT).

For industrial consumers:

If annual electricity consumption exceeds 15,000 kWh and no bilateral agreement is in place with a supplier, the Last Resort Supply Tariff (LRST) will apply. The LRST serves as a price ceiling; more favorable rates may be obtained through bilateral agreements. If annual electricity consumption remains below 15,000 kWh, the Retail Sales Tariff (National Tariff) will apply instead.

Source: Energy Market Regulatory Authority (EMRA)

Cost of Water for Industrial Use

Cost of Water for Industrial Use
Reference Price USD/m3
Organized Industrial Zones (OIZs)	Water	Water VAT (%)	Wastewater	Wastewater VAT (%)
Eskişehir OIZ	0.14	1	0.09	8
Balıkesir OIZ	0.32	1	0.38	8
Ankara Başkent OIZ	0.53	1	0.27	8
İzmir Aliağa OIZ	0.55	1	0.56	8
Reference Price USD/m3
Free Zones (FZs)	Water	Water VAT (%)	Wastewater	Wastewater Coordination Fee (%)
Aegean Free Zone (ESBAŞ)	2.40	0	1.22	10
İstanbul Industrial and Trade Free Zone (DESBAŞ)	2.40	0	1.22	10
Kayseri Free Zone (KAYSER)	2.40	0	1.22	10
İzmir Free Zone (İZBAŞ)	1.76	0	1.79	0
Reference Price USD/m3
Municipalities	Water + Wastewater		Water + Wastewater VAT (%)
İstanbul	2.09		8
Ankara	2.05		8
Bursa	2.01		8
USD 1 = TRY 18.80 as of February 21, 2023

Cost of Natural Gas

Natural Gas Prices for Industrial Consumers

USD/Sm³

USD/kWh

Within or Outside OIZ

0.3694

0.0347

¹ Prices include Special Consumption Tax, system usage fees, and VAT (20%).
² Prices may vary slightly due to regional differences in system usage fees.
³ Prices apply to annual consumption volumes of 100,000,000 m³ or more.

Source: Petroleum Pipeline Corporation (BOTAŞ)
March 2025 Natural Gas Wholesale Price Tariff