Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

New decree law stipulates creation of 100,000 jobs in southeast

by Zübeyde Yalçın

ANKARA Dec 15, 2017 - 12:00 am GMT+3
by Zübeyde Yalçın Dec 15, 2017 12:00 am

The Turkish government has drawn up a new decree-law that aims to turn the eastern and southeastern parts of the country's into a production hub, creating more than 100,000 jobs.

The law, which has been a long time in the making, is expected to be published in the Official Gazette soon. It also includes development plans for eastern and southeastern Turkey which legislators hope will form an economic base to fight terrorism in the region.

The program looks to transform the region into a production hub and create more than 100,000 jobs. In addition, it will offer incentives, energy and financial support to those investing in the region.

Some 23 provinces in the region will be part of the program and each will equally benefit from the incentives. Regardless of their region, all 23 provinces will be categorized as the sixth region, within the Ministry of Economy's regional investment incentives framework. The general package for the sixth region will also focus on expanding the sectoral scope, reducing labor force costs, and improving finance opportunities.

In terms of financial incentives, the sixth region will receive an interest rate support up to TL 900,000 ($232,011). Moreover, up to 80 percent of the investment contribution rate will be imposed on the turnover, secured from other operations. In order to cut labor costs, the package for the region also includes a contribution for the insurance premium and tax cuts.

Moreover, the latest decree-law pitches for energy support, which will be determined according to provinces and sectors. Incentives in manufacturing and import are among the other supports provided under the program. The investors, who want to establish their own plants, will be given loan cost support and the state will pay for a portion or the whole of the loan. Currently, around 130,000 people work in the region's manufacturing sector.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    First lady Emine Erdoğan opens Türkiye's 1st public adult disability education center
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021