World · Middle East · 5 hrs ago
Turkey to give 80 million lira to Istanbul businesses hit by floods
Turkey's Trade Minister Ömer Bolat announced 80 million lira in aid for businesses hit by flooding in Istanbul.
The flooding followed heavy rain on October 14-15, which Bolat described as the most severe rainfall in 84 years.
The money is intended to meet businesses' urgent needs after the floods.
It will be sent through TESKOMB, a national union of small-business credit and guarantee cooperatives.
The funds are due at the Istanbul governor's office on October 19, according to Bolat.
The governor's office will coordinate delivery of the aid to affected businesses.
Turkey will provide 80 million lira in cash support to Istanbul businesses affected by flooding.
Trade Minister Ömer Bolat said the money is intended to meet urgent needs.
The floods followed heavy rain in Istanbul on 14-15 October.
The funds are due to be sent to the Istanbul Governor’s Office on 19 October through TESKOMB.
The governor’s office will coordinate delivery of the support to affected businesses.
- Who
- Istanbul businesses affected by the floods will receive support. Trade Minister Ömer Bolat announced it.
- What
- The government will provide 80 million lira in cash support for urgent needs.
- When
- The floods occurred on 14-15 October. The funds are due to be sent on 19 October.
- Where
- Istanbul, Turkey.
- Why
- To help businesses affected by the flooding meet urgent needs.
This story does not have two clearly opposing sides.
Heavy rain caused flooding in Istanbul and affected businesses.
Trade Minister Ömer Bolat announced 80 million lira in cash support.
The funds are due to be sent through TESKOMB to the Istanbul Governor’s Office.
- Support amount
- 80 million lira
- Affected area
- Istanbul, Turkey
- Flood dates
- 14-15 October
- Announced by
- Trade Minister Ömer Bolat
- Planned transfer date
- 19 October
- Transfer channel
- TESKOMB to the Istanbul Governor’s Office
4 sources
What people are saying
Cash support of 80 million lira will be provided to meet the urgent needs of businesses affected by the floods caused by the rainfall in Istanbul on 14-15 October, which was recorded as the heaviest rainfall in 84 years.
The support to be sent through TESKOMB to the Istanbul Governor’s Office on Monday, 19 October, will be delivered to businesses affected by the floods in coordination with our Governor’s Office.