Under new legislation, the (TWF) will now be able to buy or to become partners with companies facing difficulty due to the coronavirus pandemic.

Turkey’s Parliament on Thursday passed the bill prepared by the ruling Justice and Development (AK) Party to cushion the virus’ impact on economic and social life.

With the changes in the bill, the TWF will be exempted from certain provisions of the Capital Markets Law and the Turkish Commercial Code, making it easier for it to do its work.

The bill will also delay the submission of audit reports of the Turkey Assets Fund and its

Read more: New help for virus-hit firms from Turkey Wealth Fund