12/9/2016
Prime Minister Yıldırım Announced New Support Decisions in Economy
According to new EKK decisions, a credit volume of TL 250 billion will be built with the Credit Guarantee Fund, TL 50 thousand loan will be secured for KOBİs on three years term with a grace period of first year. SGK premium payments will be postponed
Prime Minister Binali Yıldırım has announced new support decisions taken at Economy Coordination Board (EKK) in the press conference held on December 8, 2016 at Çankaya kiosk. Prime Minister Yıldırım said, "Companies are in need of cash in the market, there is cash problem. A credit volume up to TL 250 billion will be built under the guarantee of the Treasury for easing the cash difficulty, for giving them space for expanding their works, even for increasing the employment". Prime Minister Yıldırım has further communicated in 2017 private sector investments would be further encouraged, a serious mobilization would be started for increasing the manufacturing industry investments, investment contribution share would be increased by 15% over the existing share for the investment expenditures of the manufacturing sector. Yıldırım has noted that the corporate tax on manufacturing industry investments would be fully applied. TL 50 thousand loan will be secured for KOBİ on 3 year term with a grace period in first year Prime Minister Binali Yıldırım has reported that Ministry of Science, Industry and Technology has a support system for KOBİs and new credit support would be extended within the context of this support and went on to say, "for KOBİs, TL 50 thousand loan will be extended on 3 year term of which first 12 months will be free of payment on the basis of their balance sheets. Credits will be paid back at equal installments on three months intervals. The interest of TL 50 thousand loan will be TL 15 thousand. SGK premium payments to be postponed Prime Minister Yıldırım has noted that the Social Security Institution (SGK) premiums to be paid by private sector employers would be postponed and went on to say, "We secure the private sector employers to enjoy the minimum wage support, we postpone 3 month premiums of January, February, March of 2017 to October, November, December 2017 as to be correpsonding to the number of main premium payment day". Interest will not be collected from goods and services to be brought abroad from the country Prime Minister Yıldırım has also announced a series of measures taken for enhancing the export as, "If exporter companies make additional export on the export made year before, may be further supported. We will provide this support by increasing the capital of Eximbank. Eximbank's capital is TL 3.7 billion, we will further increase this. No interest will be collected on domestic works, when foreign currency loans obtained for contracting or contractor services abroad. No credit interest will be collected on the credits obtained for goods and services to be brought abroad, they will be covered by Exim".
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