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Thursday, April 19, 2012

Turkey's package of incentives for firms to cost 2 bln lira a yr-Simsek | Reuters

Turkey's package of incentives for firms to cost 2 bln lira a yr-Simsek

By Orhan Coskun

ISTANBUL, April 19 | Thu Apr 19, 2012 5:26am EDT

(Reuters) - Tax cuts and other incentives recently announced by the Turkish government to support industry, with the aim of countering the country's gaping current account deficit, will cost around 2.1 billion lira ($1.2 billion) a year, Finance minister Mehmet Simsek told Reuters on Thursday.

More:Turkey's package of incentives for firms to cost 2 bln lira a yr-Simsek | Reuters