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FinancialNews


  • 26-04-20

    Turkish government takes steps worth USD28.7 billion to protect economy

    (MENAFN) According to Treasury and Finance Minister Berat Albayrak, the Turkish government has taken measures value USD28.7 billion to protect the economy from coronavirus impacts since its outbreak.

    As said by Albayrak, the government's stimulus package included tax delay, short-time working allowance, minimum wage support, and other procedures to preserve the commercial life.

    The measures provided a protection for individuals, businessmen, and firms, and protected Turkey's production and employment against the adverse consequences of coronavirus, as he added.

    Albayrak also said that, "nearly 4.4 million families were granted cash support of 1,000 liras each; the government will also donate 1,000 liras each to those who are not covered by the support package but lost their incomes and jobs during the crisis".

    MENAFN2604202000450000ID1100085431

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