Financial Measures to Help the Country

To ease the burden on the economy as a result of the coronavirus President Erdogan has Turkey would postpone debt payments and reduce the tax burden on some sectors.

Among specific measures, he said Turkey’s tourism accommodation tax was being suspended until November to support the tourism sector, which accounts for 12 % of the economy. Debt repayments of companies affected by the coronavirus will also be postponed for a minimum of three months.

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