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TOBB Revives Economies of Turkey with 5 Earthquake Relief Projects

by John Pierce
July 3, 2023
in Business
3 min read
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union of Chambers and commodity exchanges of Turkey (TOBB) head Rıfat Hisarcıklıoğlu on Sunday chaired the meeting of TOBB’s 12 industry chambers to discuss ways of Revival and normalization of economies of 11 provinces hit of earthquakes 6 february in Southeast Turkey.

meeting that was hosted by Istanbul Chamber of Industry (ISO) head Erdal Bahcevan, which lasted five years hours And it resulted in consensus on Implementation of five projects to promote economy and employment in affected areas.

According to a written statement from TOBB, the meeting was productive and led to an identification of five projects can help Energizing region.

Supply of earthquake area

One of Projects involve companies that provide supplies for Their business is affected by the earthquake area.

“We are urging large companies to source raw materials materials And semiFinished products from existing companies in affected by the earthquake regionRead the statement.

“Our goal is help revive trade in the area By connecting producers in the region with potential buyers using TOBB industry database. We plan to inform the chambers and commodity exchanges in All governorates as well as members of the 65 sectoral councils to encourage participation from business circles across the country. added.

national food retailers

efforts also underway for encouragement national food retailers to purchase Agricultural and food products as well as raw materials from the producers in affected by the earthquake regionf with the support of Chambers, commodity exchanges and sectoral associations.

Ongoing studies in This will be expedited help local revival economy.

E-Commerce

TOBB, the e-commerce sector association, has started commission-free sales practice for Products that are delivered to consumers from existing companies in affected by the earthquake region.

this practice He is set To be expanded to include all companies in sector l support local producers.

Shipping companies will also work Towards reducing sales and shipping costs for online sales source in the region.

idiomatic support

Technical support Mobilization will begin through the rooms and commodity exchanges and with contributions of Members to revive employment and economic activity and enable production facilities affected by start operating again.

Additional income

she has also It was considered that it would be advantageous to return the income tax and insurance premiums deducted from employees throughout 2023 for employees in asking for help in employment recovery in affected by the earthquake area.

Thus, the mentioned discounts will be reflected for employees as additional income.

two powerful earthquakes hours separate on Feb 6 caused Unprecedented destruction in Both Turkey and Syria and left more from 50,000 people deadincluded more from 45,000 in Turkey.

According to the Turkish government more More than 200,000 buildings destroyed from earthquakes.

Manufacturing activity in Turkey expanded slightly in February as devastating earthquakes affected the sector, with Some companies have stopped production, as a result of which in slowing down in Output and commands, a business The poll highlighted earlier.

Purchasing Managers Index (PMI) for Manufacturing stop at 50.1 last A month, unchanged from January, staying above the 50-point line separating expansion from contraction, Istanbul Chamber of Industry (ISO) and S&P Global said.

the panel This resource said lead times Extended to the maximum in 10 months of earthquakes caused difficulties in Sourcing and delivery of components.

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