Turkey: Economic Stability Shield
On 18 March 2020, President Recep Tayyip Erdogan chaired a meeting with the ministers, bankers, business leaders and representatives of other governmental and non-governmental institutions, to discuss COVID-19 pandemic’s effects in Turkey. Following the meeting, President Erdogan has unveiled the “Economic Stability Shield”, a TRL 100 billion plan (approximately EUR 14 million), to mitigate the impacts of COVID-19 pandemic in Turkey. KDK will provide further details, once the Turkish government enacts relevant regulations.
The Economic Stability Shield includes the following:
Payment of…
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