31 Jan 2017
Turkey’s Ministry of Family and Social Policies (“Ministry”) has introduced comprehensive new standards for nursing centers for disabled people. Detailed regulations outline procedures and principles regarding opening facilities, working conditions, personnel standards, audit and scope of the services for […]
29 Jan 2017
Turkey’s Ministry of Health (“Ministry”) has inspected and shut down 5,300 websites selling drugs, slimming teas and similar products. A Ministry statement notes that products which put public health in jeopardy have been prohibited and confiscated, as well as […]
27 Jan 2017
Turkey’s Ministry of Finance has announced the revaluation rate for 2016 as 3.83%. The rate will also apply to the last provisional taxation period of 2016. The revaluation rate is used to update various taxes, administrative penalties and other […]
25 Jan 2017
Turkey’s Central Bank has determined new maximum contractual and default interest rates for credit card transactions, which will apply for the period 1 January 2017 to 31 March 2017. These maximum interest rates apply to transactions in Turkish Lira, […]
24 Jan 2017
Turkey has introduced a new rules for determining price during tender procedures, for certain investors. The new rules apply to investors subject to the Industrial Zone Law, strategic investors in industrial zones, as well as investors operating in the […]
22 Jan 2017
Turkey has updated procedures and principles for manufacturing, modifying and installing vehicles. The updated rules relate to compliance with traffic security and highway structures, specifically addressing vehicle compliance approvals, as well as highway structures, seeking to increase traffic safety. […]
20 Jan 2017
Turkey’s Money Credit and Coordination Board (“Board”) has introduced a new support package, intended to support trade finance, as well as increase the range of export products and services. Participants and organizers of internationally organized domestic fairs with sectoral […]
19 Jan 2017
The Turkish Constitutional Court recently considered the constitutionality of administrative fines applied for certain breaches of LPG legislation. It considered and rejected a claim that issuing such fines at the same rate for all breaches, regardless of a breach’s […]
17 Jan 2017
Turkey has announced establishment of the Istanbul International Financial Center Coordination Board (“Board”). The Board is established to increase the speed and effectiveness of the Istanbul International Financial Center Project, which aims to enhance Turkey’s strength as a financial […]
15 Jan 2017
The Prime Ministry of Turkey (“Prime Ministry”) has encouraged public institutions and organizations to use the Istanbul Arbitration Centre (“ISTAC”) for dispute resolution in local as well as international agreements. The Ministry emphasizes that the ISTAC Arbitration and Mediation […]
