Turkey Proposes Debt and Fine Restructuring to Support Companies

Turkey’s ruling party laid out details of a plan to restructure some debts and administrative fines in an effort to support companies under pressure from the coronavirus crisis.

The plan includes tax debts, administrative fines and social security payments. The proposal amounts to about 500 billion liras ($63 billion) of restructuring, Mehmet Mus, the AK Party’s parliamentary whip, said on Friday, according to the Sabah newspaper.