The Turkish president announced direct aid for those companies and businesses affected by the restrictions against the coronavirus.
Turkish government will provide financial assistance to companies and businesses that have been affected by the economic downturn due to the measures decreed to contain the coronavirus pandemic, including restaurants and cafes, the President of the Republic, Tayyip Erdoğan, announced yesterday.
As Erdoğan explained during a meeting with members of the parliamentary group of his AKP party in Ankara, the aid will go to those sectors and businesses whose sales volume during 2019 was equal to or less than 3 million Turkish liras, about 335,000 euros at the current exchange rate.
“Companies whose sales have fallen by 50% will receive an aid payment of between 2,000 and 40,000 liras (between 225 and 4,480 euros) for lost income,” explained the Turkish president. This measure will allow financial support to those businesses such as restaurants and cafes that have been forced to close or reduce their business volume as a result of the restrictions decreed against the COVID-19 pandemic.
Currently restaurants and cafes in Turkey have limited working hours and can only serve food to take away or to home deliver; in addition, its clientele has fallen drastically due to the curfews imposed by the executive, which – with some exceptions – prohibit going out from 9:00 p.m. to 5:00 p.m. during weekdays, and from Friday at 9:00 p.m. to Monday at 5:00 a.m. on weekends.
On Monday the government issued another decree that also allows those companies whose activity has been suspended as a result of the pandemic temporarily to postpone the payment of various taxes; among the businesses that may benefit from this measure are cafes and restaurants but also cinemas, gyms, tea shops, saunas and Turkish baths, swimming pools, or amusement parks.
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When Monica finished her business degree, she had the idea to celebrate it travelling: that’s how she ended up visiting Turkey, and she liked it so much… that she decided to stay and live there! And she is still there, reporting from the city of Bursa on the latest news about the interesting Turkish economy.