ADDITIONAL EXTENSION OF SHORT-TERM WORK ALLOWANCE

As you are aware, the Presidential Decision numbered 3317, which was published in the Official Gazette dated 23 December 2020, had extended the period of short-time work allowance (in Turkish, “Kısa Çalışma Ödeneği”), for an additional two (2) months, within the framework of the principles determined in the Decision Numbered 2706 of 30 June 2020.

Pursuant to the Presidential Decision numbered 3556, which was published in the Official Gazette dated 19 February 2021, the period of short-time work allowance has been extended for another two (2) months, again within the framework of the principles determined in the Decision Numbered 2706, starting after the end of the two-month period extended by the Presidential Decision numbered 3317, dated 23 December 2020.

Hence, the allowance that was due to end on 28 February 2021, shall now end on 31 March 2021 for applications that were made before (including) the date of 31 January 2021.

Besides, we would like to state that, in the press release made by the President of the Republic of Turkey on 17 February 2021, even if he emphasized that the said extension is being implemented for the last time, in the decision published in the Official Gazette, there is no statement indicating that this extension is being implemented for the last time. Nevertheless, we would like to mention the possibility that, as per the President’s press briefing, no further extension may be envisaged after 31 March 2021 for the short-time work allowance.

Our Law Firm remains at your disposal for any further clarifications or assistance you may need about the subject matter.