17 May 2017
Turkey has expanded the scope of its government investment support scheme. The changes exempt software and intangible rights from VAT, as well as outline the benefits which a relocating facility can receive within the scheme. Notably, it also outlines […]
15 May 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended procurement principles for petroleum products from domestic and international sources, excluding fuel oil (“Petrol Products”). New conditions now apply to the letter of conformity which is required for Petrol Product imports […]
4 May 2017
Turkey has updated the regulatory regime for waste management. A temporary storage permit is now required if more than 1,000 kilograms of hazardous waste is produced per month. Other changes apply to license application procedures, introduce new definitions, as […]
19 Apr 2017
The Turkish Competition Authority recently published a short-form decision from the Competition Board (“Board”) concluding that Mey İçki San. ve Tic. A.Ş. (“Mey İçki”) abused its dominant position in the Raki market (alcohol), violating Article 6 of the Law […]
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 […]
12 Apr 2017
Turkey’s Environmental and Urbanisation Ministry has introduced new principles for wind and solar power plants (“WPP” and “SPP” respectively). The rules outline restrictions on existing and new generation facilities in protected natural areas, as well as criteria where the […]
12 Apr 2017
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has softened restrictions for individuals working as independent auditors. The new rules clarify the prohibition on individual auditors which prevents them from working for or being a shareholder, manager or […]
12 Apr 2017
Turkey’s Tobacco and Alcohol Market Regulatory Board has increased compliance and service fees by 3.83% for 2017. Increases apply to compliance and service fees for Certificates of Compliance for building new facilities, as well as Project Alterations for the […]
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 […]
5 Apr 2017
Turkey’s energy regulator has updated the electricity market license regulatory regime. The changes relate to integration of general principles for production licenses and pre-licenses for Renewable Energy Resource Areas (“RERA”) within the existing licencing regime (more). The Energy Market […]
