Prime Minister Erdoğan announces new economic support package for small businesses

PM Erdoğan unveils a targeted economic support package to boost liquidity, tax relief and grants for small businesses, fostering recovery and growth.

Prime Minister Erdoğan announces new economic support package for small businesses
Liberal TR Haber Merkezi
Publish: 06.07.2026
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What happened: Prime Minister Recep Tayyip Erdoğan announced a new economic support package for small businesses in Ankara on Monday, promising immediate financial assistance and streamlined loan processes to mitigate the economic slowdown.

Details and timeline: Erdoğan outlined measures that include direct cash support, reduced interest rates on government-backed loans and simplified application procedures. He said the package takes effect immediately and will be implemented through relevant ministries and public banks.

Official statements: The prime minister emphasized the government’s commitment to protecting employment and ensuring liquidity for small enterprises. He stated that the support aims to prevent closures and sustain production across affected sectors.

Implementation and institutions: The Ministry of Finance and state banks will coordinate disbursements, while the Small and Medium Enterprises Development Organization will handle outreach and application assistance. Erdoğan said specific eligibility criteria and timelines will be published by the ministries.

Expected impact: Officials expect the package to improve short-term cash flow for thousands of firms and reduce loan default risks. Erdoğan noted that monitoring mechanisms will track fund usage and progress.

Numbers and projections: While the prime minister gave no comprehensive cost estimate in his statement, he referred to fast-tracked credit lines and scaled grants for the most vulnerable businesses. Detailed financial figures will be released by the Finance Ministry.

Next steps: Ministries will issue guidance to banks and applicants in the coming days. Erdoğan said the government will review results and adjust measures based on economic indicators and feedback from business associations.

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Liberal TR Haber Merkezi
Liberal TR Haber Merkezi
A digital news platform delivering developments in Türkiye and the world to its readers with an objective and principled perspective. Liberal TR Haber Merkezi.
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