20 Apr 2017
Turkey’s High Planning Council (“Council”) has accepted a Strategy and Action Plan for the Software Sector (“Action Plan”) for 2017-2019. It aims to improve the national software market, increase sector exports and employment, as well as produce products and […]
13 Apr 2017
The Turkish Competition Authority announced last week that it has launched an investigation into the economic unity which consists Türk Telekom A.Ş. and TTNET A.Ş. (“TTNET”). The investigation is launched following a preliminary investigation where a complainant alleged that […]
6 Apr 2017
The Turkish Competition Authority recently published a decision about a negative clearance/individual exemption application for an agreement between two competing insurance companies. The Competition Board’s (“Board”) decision signals that co-insurance and re-insurance agreements between competitors should be considered competition […]
30 Mar 2017
Turkey has amended procedures and principles for calculating electricity retail prices. The nature of costs taken into account when calculating the retail sale price have changed, as well as the uncontrolled operating costs which occur during retail sale activities. […]
23 Mar 2017
Turkey’s Energy Market Regulatory Authority has amended procedures and principles for determining electricity distribution system revenues. Changes apply to categorization of certain factors when calculating revenues, determining distribution system fees, as well as target loss rates. The Communiqué on […]
16 Mar 2017
Turkey has introduced procedures and principles for authorization, activities and abolishment of the institutions which appraise banks within the scope of the Banking Law. Detailed obligations are introduced for banks receiving appraisal services, as well as new obligations for […]
9 Mar 2017
Certain public companies owned and partially owned by the Turkish Treasury have been transferred to the recently established Sovereign Wealth Fund (more). In addition, 3 billion Turkish Lira which was previously owned or used by the Defence Industry Support […]
2 Mar 2017
Turkey’s Deputy Prime Ministry has announced procedures and principles for management, sale, termination and liquidation of companies which are under the trusteeship of the Savings Deposit Insurance Fund (“Fund”). The provisions apply until the end of the investigation and […]
23 Feb 2017
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency first declared on 21 July 2016. Notable measures include allowing collection of certain receivables at a fixed Turkish […]
