Turkey's Erdogan unveils new incentive package

The Turkish prime minister made public a new incentive package on Thursday.

Turkey's Erdogan unveils new incentive package

The Turkish prime minister made public a new incentive package on Thursday.

Turkey's Prime Minister Recep Tayyip Erdogan held a press conference at the Prime Ministry building in the capital Ankara and made public the new investment, incentive and employment package.

Erdogan said that businessmen would pay corporation tax between 2 and 20 percent according to the regions they invested.

"Those who invest in less developed regions will make use of this tax opportunity for a long time," he said.

Erdogan also said that businessmen would be exempt from social security employment premium they had to pay for their new employees between two to seven years respectively.

"We are implementing this incentive package to turn the crisis into an opportunity and to raise our competitive power," Erdogan said.

Erdogan said that the government wanted to see the investments as soon as possible, and also said that only the businessmen who launched their investments till the end of 2010 could make use of the new investment incentive system.

"To employ 500,000 people"

Erdogan said that the new incentive package would employ 500,000 people.

Erdogan said that the new incentives and employment package would create vocational and entrepreneurship education and training and offer direct employment opportunities for almost 500,000 people.

"We will employ unemployed people in socially-beneficial projects, and create them job opportunities for six months," Erdogan said.

Erdogan said unemployed people would work in forestation and environment projects, and projects to maintain, repair and clean schools.

"We are providing 200,000 employed people with vocational training, and we are giving entrepreneurship consultancy to 10,000 unemployed people and paving the way for them to establish their own businesses," he said.

Talks on IMF

Erdogan said that talks with the International Monetary Fund (IMF) were underway.

Erdogan said that there was "not any problem" regarding the meetings with IMF.

Erdogan said that IMF and Economy Coordination Board of Turkey would hold mutual talks and exchange views by the end of June.

We will see the result after these talks, he added.


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Güncelleme Tarihi: 04 Haziran 2009, 13:39
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