Turkish government vows to lure more foreign investment.
Prime Minister Binali Yıldırım announced the details of a planned economic package to lure more foreign capital and improve Turkey’s investment climate. Yıldırım noted that any foreign company would be exempted from corporate taxes if it sets up its regional management hub in Turkey, adding that the regional hub staff’s wages would also be exempted from taxes if transferred from abroad. Meanwhile, Turkey will do “whatever it takes,” including offering specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors. More news here