Politics
Turkey announces $ 15 billion coronavirus aid program to save economy – The New Indian Express
ANKARA: President Recep Tayyip Erdogan announced a $ 15 billion package on Wednesday to help the Turkish economy cope with the new coronavirus crisis, and urged Turks to leave their homes as soon as possible.
"With a package we call" Economic Stability Shield ", we are deploying 100 billion Turkish liras ($ 15 billion) to reduce the effects of the COVID-19 pandemic," said Erdogan after chairing a meeting in Ankara to discuss ways to tackle the crisis.
He announced a series of measures, including tax cuts for businesses and assistance to low-income households, including those on minimum wages and retirees. "The lowest pension will be raised to 1,500 Turkish liras (around 230 USD)," said Erdogan.
The President said that another measure was to reduce the value added tax on domestic flights from 1% to 18% for a period of three months. Erdogan also said his government would support the country's standard bearer, Turkish Airlines, which he said is one of the main companies severely affected by the crisis after the cancellation of flights over the virus. .
He added that now was "the time to keep our contact with the outside world to a minimum." If we apply the measures already described, we can limit the time of stay at home to three weeks, "said Erdogan. The state would also distribute face masks and cologne to people over 65 years old.
Earlier, the private press agency DHA said that the Turkish Interior Ministry had ordered the closure of the land and rail borders with Greece and Bulgaria over the new coronavirus. Erdogan last month ordered the border opened to allow migrants to travel to Europe, but the move has caused tensions in Turkey's relations with the European Union and Greece.
Turkey has already announced a series of measures to contain the spread of the virus, including travel restrictions in 20 countries and the closure of schools, universities and public spaces such as cinemas .
So far, Turkey has registered one death and 98 cases.
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