IHH Humanitarian Relief Foundation
The organization put the cost of the building destruction caused by the earthquake at $70.8 billion. The Turkish budget will also suffer a further loss of $ 10.4 billion. The workforce losses were valued at $2.9 billion by the agency.
The earthquake-related damage to Turkey was estimated by Fitch Ratings to be $4 billion. President Erdogan pledged 100 billion lira ($5.3 billion) to mitigate the effects of earthquakes.
In Turkey, there were two 7.8 and 7.7 magnitude earthquakes that day and night on February 6. The most recent data indicates that 29 000 persons died in Turkey. Three thousand people died in nearby Syria as a result of the earthquake.
source: bloomberg.com
The earthquake-related damage to Turkey was estimated by Fitch Ratings to be $4 billion. President Erdogan pledged 100 billion lira ($5.3 billion) to mitigate the effects of earthquakes.
In Turkey, there were two 7.8 and 7.7 magnitude earthquakes that day and night on February 6. The most recent data indicates that 29 000 persons died in Turkey. Three thousand people died in nearby Syria as a result of the earthquake.
source: bloomberg.com