Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 30/05/2020 03:33 
25.03.2020 13:27 News >> Turkey Supports Smes Against Effects Of COVID-19

Turkey Supports Smes Against Effects Of COVID-19

Turkish small, medium enterprises given economic support by Industry and Technology Ministry.

The Turkish Industry and Technology Ministry on Wednesday announced support for the country's small and medium enterprises (SMEs) against the effects of coronavirus pandemic.
The ministry said in a statement that SMEs Development Organization of Turkey (KOSGEB) loans were postponed for three months, and it gave additional four months for their projects.
The ministry also said SMEs, which produce medical protective goods, will be given additional support.
Mustafa Varank, the industry and technology minister, said: "Our enterprises which manufacture products such as disinfectants, protective clothing, glasses, masks and gloves with domestic sources, will be able to benefit from KOSGEB's TEKNOYATIRIM [technologic investment] Support Program."
KOSGEB will provide support up to 6 million Turkish liras (some $940,000) for these projects. 4.2 million liras ($657,000) of this amount will be loan.
Varank said with its supports, the ministry will contribute to manufacturing these products, of which demand rose after the COVID-19 outbreak.
The minister also said firms in Turkey's teknoparks (technology development zones) will not pay rent for two months.
Some 5,682 firms, which employs 58,241 personnel, are active in teknoparks, he reminded.
Turkey has so far 1,872 confirmed cases of coronavirus pandemic, with the death toll at 44, according to the Health Ministry.
After first appearing in Wuhan, China last December, the novel coronavirus has spread to at least 170 countries and territories. The World Health Organization has declared the outbreak a pandemic.
The number of confirmed cases worldwide has now surpassed 425,000 while the death toll is nearly 19,000 and over 109,100 have recovered, according to data compiled by the U.S.-based Johns Hopkins University.
Despite the rising number of cases, most who contract the virus suffer only mild symptoms before making a recovery.
Writing and contribution by Gokhan Ergocun from Istanbul. -



        Latest News
Football: Red Star Win Serbian League Title 9 minutes ago...
Championship was third straight; 31st overall for Red Star.
Football: Galatasaray To Being Selling Face Masks 9 minutes ago...
Breathable face masks will be available Monday on club's online store.
Turkey: Conquest Feast Organized At Hagia Sophia 24 minutes ago...
Erdogan says if Istanbul was somehow removed from Earth, world history would have to be rewritten.
Weekend Curfew In Turkey Begins In 15 Provinces 24 minutes ago...
Curfew takes effect in major provinces as part of coronavirus measures.
US: Minneapolis Declares Curfew Amid Floyd Protests -6 minutes ago...
Curfew to take effect 8 pm 6 am Friday, Saturday.

 
      Top News
Turkey: Fatih On Course For 1St Black Sea Deep Drilling Turkey: Fatih On Course For 1St Black Sea Deep Drilling
Nigeria Fire Leaves Thousands Of Idps Without Shelter Nigeria Fire Leaves Thousands Of Idps Without Shelter
China Hits Back At Hong Kong Security Law Criticism China Hits Back At Hong Kong Security Law Criticism
Turkish Economy Grows 4.5% In Q1 Turkish Economy Grows 4.5% In Q1
Turkey's Exports Total $9B In April Turkey's Exports Total $9B In April
Africa Need Not Copy-Paste Economic Policies From West: Experts Africa Need Not Copy-Paste Economic Policies From West: Experts
Unregulated PPE Market Putting Lives At Risk: MSF Unregulated PPE Market Putting Lives At Risk: MSF
Besiktas Players, Staff Test Negative For Virus Besiktas Players, Staff Test Negative For Virus
South Korea Cuts Interest Rate To Record Low South Korea Cuts Interest Rate To Record Low
COVID-19 Accelerates In Brazil, Peru, Chile And Mexico COVID-19 Accelerates In Brazil, Peru, Chile And Mexico