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April 15 deadline

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April 15 deadline

Minister of the economy Kemal Derviş stated that the road to overcoming the economic crisis is for the Turkish Parliament make amendments and redraft ...


The road out of the crisis seems to be getting a little clearer. Economics minister who is in the U.S. has thrown the ball into Ankara’s corner.

       The government must now get parliament moving on passing 15 legislations by April 15.

       Kemal Derviş stated that he has thus far received positive messages with respect to Turkey’s new economic program yet could not make any comments with respect to the loan figure at this point.

       Minister Derviş stated that foreign assistance would become clearer as soon as Turkey’s economic program is completed by April 15. He added that Turkey required a total of $11-12 billion in foreign assistance to overcome the crisis.

       

THE 15 LEGISLATIONS REQUIRING RATIFICATION Supplementary budget legislation Amendments in the banking legislation Liquidation of the remaining funds Facilitating bank liquidations A new Central Bank legislation The 51% block sale of Türk Telekom Tobacco legislation Sugar legislation Amendments in public auction legislation Legal modifications on nationalization Legal modifications with respect to borrowings Legal modifications in civil aviation Petroleum and natural gas legislations Annulment of the legislation on employment damages Legislation with respect to consigning special settlements of bank loans as tax deductible

       

       

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Minister of the economy Kemal Derviş stated that the road to overcoming the economic crisis is for the Turkish Parliament make amendments and redraft ...