In dealing with the Covid-19 outbreak, the Turkish government continues to support its people to overcome this period. Accordingly, President Recep Tayyip Erdogan announced new economic support ” NEFES KREDİSİ: Breath credit” to assist various sectors.
At the beginning of this month, applications began for the “breath credit” project. Which was carried out in cooperation with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), Credit Guarantee Fund (KGF), Ziraat Bank and Deniz Bank.
The “Breath Credit” project is based on the following idea:
The Union of Chambers and Commodity Exchanges (TOBB) deposits the equivalent of 500 million Turkish liras in Ziraat and Deniz Bank. Which will allow using loans worth 5 billion Turkish liras (10 times this amount). Then the role of the Credit Guarantee Fund comes. It will guarantee the small and medium business owners who cannot use loans due to the lack of their guarantees.
Who can benefit from The “Breath Credit”? How much is it? What is the payment plan?
The Turkish SMEs, which are the most affected by the epidemic, will be able to use of 50k, 100k or 150k TL. Depending on the provinces In which it operates and also according to its turnover volume during 2020.
The loan facility will have a 6-month grace period. Moreover, the creditor can repay in 12 instalments-night with low interest (9.90% per year).
They expected that 70.000 SMEs will use the “breath credit” within two months.
It is worth noting that Türkiye has begun to return to its normal life. With the beginning of this month, July, all-night and weekend curfews, which have been in force for months, have been completely cancelledallow use. There will be no restrictions on travel between Turkish cities. Cafes and restaurants are now allowed to receive customers without restrictions.
This came after the Turkish government announced that it had exceeded the 51 million doses of Coronavirus vaccination for its people and residents. As a part of a plan to implement a rapid vaccination schedule. That exceeded the threshold of 1.5 million doses of the Corona vaccine per day.
Türkiye 20-Year Tax Exemption 2026: Foreign Residents Reset
Türkiye’s Parliament has passed a 20-year exemption on foreign income, a 1% inheritance rate, and a wealth amnesty through July 2027. Awaiting Resmî Gazete publication.
US Birthright Citizenship 2026: What Changes to Expect
The US Supreme Court is preparing to rule in Trump v. Barbara (Docket 25-365) on whether Executive Order 14160 can end automatic birthright citizenship for children born in the United States to undocumented immigrants and temporary visa holders. A ruling is expected before the term ends in summer 2026. This regulatory analysis sets out the current rules under the 14th Amendment and 8 U.S.C. § 1401(a), what the executive order proposes to change, three realistic outcome scenarios, and what EB-5 and E-2 investors should expect ahead of the decision. NTL International reviews Caribbean Citizenship by Investment and European Residency by Investment alternatives that provide structural insulation from US policy volatility.
Dubai Removes Minimum Property Value for the Two-Year Investor Visa: 2026 Rule Change and Golden Visa Comparison
Legal Framework of the Nursing Study Program in Germany 2026
Portugal Citizenship & Nationality Law 2026
Portugal has moved to tighten its nationality framework after the President promulgated the 2026 amendment to the Nationality Law on 3 May 2026. The new framework points to a longer citizenship timeline of 7 years for EU and CPLP nationals and 10 years for most other foreign residents, while entry into force still depends on publication in the Diário da República. This article explains the legal position, pending application concerns, and the likely impact on current residents and Golden Visa investors.