Prime Minister Binali Yıldırım has announced new steps to be taken to boost the confidence of both international and domestic investors as well as focusing on solving the problems faced by businesses hit hard by terrorism, through the economic incentive package. The package lowers the tax burden for companies, provides new incentives for businesses, offers debt forgiveness to firms affected by terrorism and eases the employment process for foreigners.Yıldırım said all grants, incentives and the implementation of the regulations will not be a burden on the fiscal budget compared to the high returns expected on the creation of new jobs that will boost the overall economy, increasing production and revenue in Turkey. Speaking at the televised Council of Ministers in Ankara on Monday, Yıldırım touched on reforms that will alleviate the burden currently being shouldered by investors.
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