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Ahmet Davutoğlu announces economic measures worth 7.5 billion Turkish Liras

Ahmet Davutoğlu announces economic measures worth 7.5 billion Turkish Liras

ANKARA: Prime Minister Ahmet Davutoğlu has announced a series of measures worth around 7.5 billion Turkish Liras to increase employment, spanning from vocational training support for employers to tax reliefs, ahead of parliamentary elections in June.

The package includes a 4-billion-lira boost to pensions and the creation of 120,000 temporary jobs, said Davutoğlu at a press conference with the government’s leading economy ministers in Ankara. The package has 11 articles, including a job-training program, insurance premium contributions by the state, additional tax breaks for investments and Treasury guarantees.