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Turkey to extend credit to ease private sector cash crunch -PM
December 8, 2016 / 2:04 PM / a year ago

Turkey to extend credit to ease private sector cash crunch -PM

ANKARA, Dec 8 (Reuters) - Turkey will extend a credit line of up to 250 billion Turkish lira ($70 billion) to alleviate cash problems in the private sector and offer incentives for investment, Prime Minister Binali Yildirim said, part of a package to boost the economy.

In addition to the credit line, Yildirim told a news conference on Thursday that Turkey would also take measures to increase employment and would refund value-added tax for construction investments. (Reporting by Ercan Gurses and Humeyra Pamuk; Writing by David Dolan; Editing by Louise Ireland)

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