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Posted On: 30/06/2012
The Turkish economy Minister, Zafer Çaglayan, has announced that the government will pay 50% of travel expenses for patients visiting Turkish hospitals for medical treatment from abroad. This is an attempt to boost Turkey's foreign currency earnings in service sectors.
It was announced there will be a $68.5 million subsidy fund which will be used to support investments, exports and jobs in filmmaking, health, and education. According to statistics, Turkey benefited from tourism revenue of $23 billion last year, up from $20.8 billion a year earlier. The revenue from health tourism was around $3 billion in 2011. More than 36 million people visited Turkey last year.
Apparently the government is willing to partially foot the bill for certain expenses of overseas investors, and these subsidies are intended to reduce the country's current account deficit through strengthening foreign currency revenue.
The state is willing to pay up to 80% of salaries for employees in techno centres opened overseas, and as much as 60% of the rental costs of these centres. In addition Turkey is keen to gain a foothold in the $50 billion global computer gaming industry, and has set an initial target of a $1 billion share.
Newly established software companies could be eligible to receive as much as $200,000 in grants from the state, and Turkey is aiming to increase its software across a wide range of products, ranging from video games to security systems.
It is hoped that by 2023 this industry will be worth around $10 billion. Turkish educational institutions choosing to open offices overseas could receive annual financial support of around $200,000 from the state. Last year Turkey received 25,000 foreign students, and this figure is predicted to grow to 100,000 by 2023, and could be worth as much as $2 billion in foreign student services.
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