×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
13
Jan 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

Danish and Greenlandic Foreign Ministers meet Vance and Rubio at the White House on Wednesday

Novartis case: Guilty verdict upheld on appeal for Destebasidis and Maraggelis

Russia declares war on the Ecumenical Patriarch: “He is dismantling the Body of the Church, has nationalist and neo-nazi allies”

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

The farmers have arrived at the Maximou Mansion – The meeting with Mitsotakis is about to begin (updated)

January 13, 2026

Marasleio students presented innovative business ideas to Sophia Zacharaki

January 13, 2026

Danish and Greenlandic Foreign Ministers meet Vance and Rubio at the White House on Wednesday

January 13, 2026

Thriller with a Cypriot flight attendant who was to board the Falcon that crashed – Detained in Turkey

January 13, 2026

Novartis case: Guilty verdict upheld on appeal for Destebasidis and Maraggelis

January 13, 2026

Drone attack on Greek-owned tankers in the Black Sea

January 13, 2026

Next-level skylines: The towers transforming cities in 2026

January 13, 2026

“End of the road” with the farmers, President Maria and the Fan-Farandourises, Kopy’s bonus, Trump’s close associate in Athens, Alexis’s green transfer

January 13, 2026
All News

> Politics

The farmers have arrived at the Maximou Mansion – The meeting with Mitsotakis is about to begin (updated)

The Prime Minister meets with 25 farmers at 15:00 - Which measures are to be discussed - The "tough" farmers' unionists close the highway at Nikaia and Malga

January 13, 2026

Novartis case: Guilty verdict upheld on appeal for Destebasidis and Maraggelis

January 13, 2026

Marinakis calls for enforcement as blockades disrupt Greece – Blames party-backed minority for derailing talks

January 13, 2026

Open confrontation between the Association of the victims of Tempi and Karystianou: “She had to resign” – “I will leave if the assembly asks me to”

January 13, 2026

What lies behind Russia’s offensive tactics against Patriarch Bartholomew

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