Macro Analysis /

Turkey: Erdogan announces layoff ban extended till Jun 30, new pandemic support schemes

    30 April 2021
    • New round of cash aid to households in need to cost TRY 2.5bn to budget
    • Monthly cash and rent aids to tradespeople to be extended by one month
    • Payments of certain loan debt of tradespeople to Halkbank delayed till July
    • KOSGEB to extend total TRY 5bn interest-free loans to manufacturing SMEs with 3-year grace period