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Following the European Union’s (“EU”) launch of the Green Deal in 2019, the transition into a green economy has been framed not only as an environmental imperative but also as a new growth strategy. The Green Deal seeks to combine the reduction of emissions with the preservation of economic competitiveness.

After the first Strategic Plan of the Turkish Competition Authority which has been implemented following its publication on February 26th, 2014, the TCA published its much-awaited second Strategic Plan on March 13th, 2019.

Real estate acquisition of foreign real and legal persons is governed by the Article 35 of the Land Registry Law numbered 2644 amended by the Law numbered 5444 and dated 29 December, 2005.

Antalya is not merely Turkey's "tourism capital." It is a dynamically developing region in which a powerful tourism infrastructure converges with industrial production, agriculture and even advanced-technology sectors.

Turkey has been becoming a "shopping mall heaven" ever since 1988 which is the time that the first shopping mall was built in Turkey.

The taxation policies of Multinational Companies (MNCs) have become an attractive matter for governments, NGOs, and media in recent years.

The Turkish real estate market has experienced explosive growth over the past few years. Construction of numerous shopping malls and multi-family residential developments and planned communities has made condominium ownership one of the most important practice areas of real estate law.

CBRT decreased maximum interest rates on credit cards in the first quarter of the year.

Our monthly law bulletin contains practical information for companies, amendments in our legislation, current case law and sectoral regulations.

Turkey has introduced major changes to the legislative regime governing the various types of industrial zones.

Turkey's Central Bank has decreased discount interest rates for commercial papers with expiry periods of three months or more.

Even in a turbulent year due to increased socio political tension and the FED’s revised monetary policy, the Turkish economy retained its momentum and achieved 4% growth.

Within the context of the sector inquiry, the EU Commission emphasizes the remarkable development experienced in the e-commerce sector in the last ten years.

Turkey is preparing to change the existing Decree Laws concerning the protection of trademarks, patents, industrial designs and the geographical indications by replacing them with a draft IP Law covering all the aforementioned rights.

The Sport Discipline Regulation entered into force through publication in the Official Gazette dated 13.07.2019 and numbered 30830.

This climate led to establishment of the first OIZ in Bursa province in 1962 with the World Bank's loan.

With both financial and real estate markets currently booming in Turkey, corporate lending institutions are keenly looking to lend funds to entrepreneurs and private investors (local and foreign) to buy and/or develop real estate projects. However, they obviously need security for such loans and the first preference is to place a mortgage on real property owned by the borrower.