Gov’t eases financial obligations for merchants and craftsmen
by Compiled from Wire Services
ISTANBULJan 15, 2015 - 12:00 am GMT+3
by Compiled from Wire Services
Jan 15, 2015 12:00 am
The government has announced that it has taken all the necessary measures regarding the retail trade to protect the culture of merchants and craftsmen. Prime Minister Ahmet Davutoğlu said, "We won't allow larger construction projects to suppress you. We changed the criteria of opening a shopping center and we imposed the obligation that merchants and craftsmen should be given at least a 5 percent place in every shopping center."
Participating in TESKOMB's New Turkey Meeting, Davutoğlu added, "Halkbank loans have increased to TL 600 million [$261.99 million]." He also said that the interest coverage ratio of the loans was suggested to increase by TL 100 million, but "it was not enough, so we increased it by TL 150 million." He said that the loan use would approach TL 3.5-4 billion next year and the total use would reach TL 17 billion.
Claiming that the government will eliminate the competition conditions that currently hinder merchants and craftsmen, Davutoğlu said that new regulations would be made on frequent discounts to large-scale productions, which creates an environment where small businesses cannot compete with big ones.
The working hours of merchants and craftsmen will be regulated and unions of merchants and craftsmen will be given the opportunity to reach more markets by holding shopping festivals. "In our G20 presidency, we will allocate room on our agenda for small- and medium-sized enterprises (SMEs) to promote our merchant and craftsmen culture. Thanks to SMEs, Turkey's comprehensive craftsman culture will be introduced to the world," Davutoğlu said. In addition to emphasizing that merchants and craftsmen are Turkey's biggest rising power, Davutoğlu extended his gratitude to the TESKOMB authorities who "stood against all provocations, including the Gezi Park events," and have supported stability as well as the "New Turkey."
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