×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
15
Feb 2026
weather symbol
Athens 16°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Turkey offers fresh money to companies, seeks donations for the poor amid coronavirus crisis

Erdogan’s stimulus package -called the “economic stability shield”- has failed to satisfy the business community and workers alike

Newsroom April 3 04:35

In a move that has stunned millions expecting government support against the COVID-19 crisis, Ankara has launched a campaign to collect donations from the public, lacking the funds to provide a meaningful social shield against the economic fallout of the pandemic, but reluctant — at least for now —- to seek support from the International Monetary Fund (IMF).

President Recep Tayyip Erdogan inaugurated the campaign March 30, saying, “Our aim is to provide additional support to low-income citizens who have been affected by the measures [against the outbreak], particularly those living off daily wages.” He said he was donating seven months of his pay to the campaign.

Since March 18, when Erdogan unveiled a package of measures designed to cushion the economic shock of the pandemic, Ankara has come under fire for prioritizing companies and banks while doing little for households, unlike the US and European governments, which have offered “helicopter money” — or free cash transfers — to citizens, in addition to measures to prop up companies and the financial system.

Read Also:

>Related articles

Final “no” from the Council of State on the restoration of the 13th and 14th salaries

Dr. Ioannis Papafloratos to Proto Thema: An assessment of the Mitsotakis – Erdogan meeting & the state of the Greek-Turkish relations

Countdown to tax returns: What taxpayers need to check in the pre-filled data

Telegraph: When coronavirus ends, Greece is the first spot to visit

Erdogan’s stimulus package — called the “economic stability shield” — has failed to satisfy the business community and workers alike. Simone Kaslowski, the chair of the Turkish Industry and Business Association, which groups the country’s largest conglomerates, said, “There is a significant number of unregistered and self-employed workers. A mechanism to compensate their income losses should be considered as well. Direct transfers to households could be similarly considered, just like in the United States or Hong Kong or South Korea. Some [governments] have offered cash support also to individuals placed under quarantine, either for being sick or suspected of being positive cases.”

Three leading confederations of workers’ unions have been even more vocal. “Employers, the Unemployment Insurance Fund and the state must provide income support to all workers who have lost jobs and income due to the global pandemic,” they said in coordinated statements March 30.

Read more: al-monitor

Ask me anything

Explore related questions

#coronavirus#COVID-19#crisis#diplomacy#economy#imf#market#money#negotiations#politics#trade#turkey#Turkish President Recep Tayyip Erdogan#world
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Traffic restrictions on Attiki Odos due to works – carriageway towards the Airport closed from Elefsina to Aigaleo

February 15, 2026

Stunning national record by Greek athlete Roussou in the 1,500 metres

February 15, 2026

Weather: storms, gusty winds and African dust – Where conditions will be most severe

February 15, 2026

Owner of Violanta arrested again after charges upgraded to felony – Video

February 14, 2026

Final “no” from the Council of State on the restoration of the 13th and 14th salaries

February 14, 2026

Dr. Ioannis Papafloratos to Proto Thema: An assessment of the Mitsotakis – Erdogan meeting & the state of the Greek-Turkish relations

February 14, 2026

Emergency weather bulletin from the EMY: Storms and gale-force winds expected in 5 regions – African dust to spread across the country

February 14, 2026

Countdown to tax returns: What taxpayers need to check in the pre-filled data

February 14, 2026
All News

> World

Politico on the Munich Conference: Europe is spending more on defense and can stand up to the US

As analysts note, this Europe is “a creation of Trump” — and he may ultimately not like it

February 14, 2026

Dramatic helicopter rescue of three men who fell into a frozen lake in New York, watch video

February 14, 2026

Macron: We will work to strengthen the criminalisation of anti-Semitic and racist acts

February 14, 2026

Violent clash in Lyon: Antifascists vs. nationalists, 23-year-old declared brain-dead

February 13, 2026

Munich Conference formalizes the rift: Rubio cancels last-minute Ukraine meeting – “We must free ourselves from dependence on the US,” say Merz & Macron

February 13, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα