5 Apr 2017
Turkey has amended principles for health-related R&D tenders. The changes apply to procurement of R&D services by the Ministry of Health, within the scope of Article 3(f) of Public Tender Act number 4734. The Principles Regarding Amendments to the […]
3 Apr 2017
Turkey’s Ministry of Economy has reduced the weight threshold for imports to be exempt from surveillance measures. Accordingly, the exemption threshold for goods which have unit values below the stipulated CIF value reduces from two tones to 100 kilograms […]
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. […]
29 Mar 2017
Turkey’s Capital Markets Board (“Board”) has introduced an extra condition for actions which will be deemed to constitute market abuse. Accordingly, the perpetrator of the action must now also make an order or transaction regarding the capital market instrument, […]
29 Mar 2017
Turkey’s Energy Market Regulatory Authority has introduced principles for natural gas distribution license holders to determine tariffs, identify investments deemed to be network building expenditures, as well as upper limits for these investments. The principles are intended to increase […]
29 Mar 2017
From 1 January 2017, banks in Turkey are not required to obtain statements of accounts for loans up to one million Turkish Lira. Previously, the threshold was set at 250,000 Turkish Lira. The banking regulator has also announced extensions […]
27 Mar 2017
Turkey has established a local Trade Facilitation Board (“Board”) for local coordination and facilitation of the World Trade Organization Trade Facilitation Agreement (“Agreement”), approved in February 2016 (more). The Board will develop trade facilitation strategies and action plans, as […]
27 Mar 2017
Turkey’s Ministry of Justice announced increased 2017 fees for notification and rogatory requests outside of Turkey, as well as fees for serving notifications via the relevant country’s legal authorities. The Communique Regarding Principles And Procedures To Be Applied To […]
23 Mar 2017
A pricing method has been introduced in Turkey for the first year of easement and usufruct rights over Treasury-owned real property. The method applies to investors in the defense and aerospace industry which require domestic development and advanced technology. […]
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 […]
