Turkish property & economy news
15 April 2020
Families provided with cash aid as Turkey supports workers It was announced by Turkey that financial aid would be give to employees who were forced to take unpaid leave during the pandemic caused by COVID-19. The Treasury and Finance Minister, Berat Albayrak, said: “Our citizens who are on unpaid leave, do not worry. We’ll provide salary support for them, too.”15 April 2020
600 Turkish citizens returned home from abroad As part of new measures brought about against fighting the novel coronavirus, Turkey is continuing to bring its citizens back to the country from multiple destinations around the world, recently repatriating nearly 600 people home, specifically from Nagorno-Karabakh and Ukraine.12 April 2020
Almost 3,000 patients recovered from COVID-19 in Turkey Health Minister Fahrettin Koca announced that the daily count of people suffering from the effects of coronavirus had exceeded 50,000 as the daily death toll increased, bringing the total of people that have lost their lives to 1,101. There were more than 30,000 tests conducted for the disease on Saturday, April 11.12 April 2020
Turkey to provide 5 free face masks per week Following the recent decision by the Turkish government to further combat and fight against the spread of coronavirus, it is now a requirement by law to wear a face mask when in a public place. Due to this new legislation, the Turkish Postal System has announced plans for the distribution of medical masks to Turkish citizens free of charge.12 April 2020
Tourism in Turkey set to resume by the end of May Mehmet Nuri Esroy, the Turkish Minister for Culture and Tourism recently announced that the tourism season in Turkey is set to be on hold until the end of May, due to the COVID-19 pandemic. He said that: “Hopefully, we will see that tourism activities will start again during the Ramadan Feast.”08 April 2020
Turkish education continues online during Coronavirus With COVID-19 dominating the news, the field of education is feeling the force of social isolation. However, for students to continue their education uninterrupted, Turkey is set to launch digital education that will be available to millions. All education ceased across Turkey on March 13 to try and stop the spread of coronavirus.08 April 2020
Istanbul and Antalya amongst the most popular cities worldwide According to new data released by Business Insider, in terms of visitor numbers, in 2019 Istanbul ranked 8th in the world with 13.4 million total tourist visitors, whilst the Turkish resort city of Antalya came in 10th with recorded visitor numbers reaching 12.4 million.05 April 2020
Turkish Airlines join Lufthansa to help fly 30,000 people home The Turkish Airlines and Lufthansa joint venture SunExpress has carried more than 30,000 people home in efforts to assist with repatriation due to flights being banned to minimalise the spread of coronavirus throughout the world.05 April 2020
Retail supermarket giant Migros hire 1,000 new staff The company behind Turkey’s supermarket chain, Migros, have confirmed their need to hire an additional 1,000 new members of staff to deal with the increased demand being put on them and to meet the online orders that have increased due to the outbreak of coronavirus in Turkey.02 April 2020
Demand for Automobiles remains high despite COVID-19 Even in the face of adversity, the automotive industry in Turkey is on target with regards to its growth expectations. Although coronavirus has meant that all vehicle production is halted, Turkey expects more sales when production can start again in July.02 April 2020
Istanbul Modern offering virtual exhibitions in light of COVID-19 Due to COVID-19 Coronavirus, the Istanbul Modern Museum has been forced to temporarily close in an effort to help contain the pandemic. Due to this, the Istanbul Modern museum is welcoming art enthusiasts to visit their website and digital platforms where their exhibitions and collections can be viewed virtually.29 March 2020
Turkey's economy to be one of the least hit by the pandemic Like most other countries, Turkey is battling the covid-19 pandemic that has swept around the world. However, top banking officials believe the country will be cushioned from the worst of the economic impacts that are expected to send the world into a recession. Turkey is introducing strict measures for its populace to control the spread of the virus.
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