×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
07
Mar 2026
weather symbol
Athens 11°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

Alarm in the Strait of Hormuz upgraded to “Extreme Risk” – Sailors killed and escalation of attacks on shipping

The US sent supersonic B-1 bombers to Britain, a move that may signal the “major strike”

Esat, the last Pasha of Ioannina: Captivity, the applause of Greeks in Piraeus, staying in a luxury hotel in Kifisia

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

Alarm in the Strait of Hormuz upgraded to “Extreme Risk” – Sailors killed and escalation of attacks on shipping

March 7, 2026

The US sent supersonic B-1 bombers to Britain, a move that may signal the “major strike”

March 7, 2026

Esat, the last Pasha of Ioannina: Captivity, the applause of Greeks in Piraeus, staying in a luxury hotel in Kifisia

March 7, 2026

Lefteris Petrounias Wins Silver in the Rings Final at the Baku World Cup

March 7, 2026

Pezeshkian responds to Trump on unconditional surrender: “A dream you will take to your grave”

March 7, 2026

Actor Christos Valavanidis has passed away

March 7, 2026

The new Road Traffic Code brings the first positive results: Noticeable reduction in fatal road accidents in Attica

March 7, 2026

Thriller over the disappearance of the “rebetis of Aristotelous” in Thessaloniki

March 7, 2026
All News

> Lifestyle

Brad Pitt in Chalkida: Fans gather to see the famous actor up close

The Hollywood star continues filming his upcoming movie The Riders after Hydra

March 5, 2026

Giorgos Fragkoulis proposed to his partner Aryna Sabalenka

March 4, 2026

Leclerc’s glamorous wedding in Monaco: The couple takes a ride in a 1957 Ferrari Testa Rossa

March 3, 2026

Paul Anthony Kelly: ‘Love Story’ star becomes a father

March 2, 2026

James Bond: Announcement for the next 007 approaches – Filming of the new movie to begin this year

February 26, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα