Minister of Treasury and Finance Mehmet Şimşek announced that in 2025, a new model that will provide more opportunities for high-tech and value-added production with rediscount credits will be implemented. He emphasized that our strong support for critical exports will continue to achieve our goal of balanced and sustainable high growth. Minister Şimşek shared this statement on his social media account, highlighting their continuous support for exporters. He mentioned that they increased the daily limit of rediscount credits from 300 million lira to 4 billion lira in May last year. Minister Şimşek also recalled that they raised Eximbank’s capital by 21.9 billion lira to 35.7 billion lira, and made adjustments to rediscount interest rates and conditions to further support exporters. Furthermore, they increased the tax exemption on service export revenues to 80% by 30 percentage points. Additionally, they provided about 1.1 billion dollars in treasury repayment guarantees and counter-guarantees for Eximbank’s credits from international institutions. The transition to a new model in 2025 that will facilitate high-tech and value-added production with rediscount credits is aimed at achieving our critical goal of balanced and sustainable high growth through strong support for exports.
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