The TPC is defined as a certificate evidencing that a technological product is the output of an R&D and innovation project and is issued for indefinite use, whereas the TP Experience Certificate is designed to evidence compliance with the work experience requirement under Public Procurement Law No. 4734.

Significant amendments were introduced to the Public Procurement Code No. 4734 and Public Procurement Contracts Code No. 4735 in the Omnibus Bill No. 7161, published in the Official Gazette dated 18 January 2019 and numbered 30659.

The amendment made to the jurisdictional amounts of Consumer Arbitration Panels will be effective as of 1 January 2019.

Despite the credit crunch damaging economies worldwide and putting markets at risk of collapse, the electronic communications market in Turkey is expected to grow due to accelerated implementation of long-awaited liberalization and deregulation in the sector.

Law No. 3984 on the Establishment of Radio and Television Enterprises and their Broadcasts, dated 13 April 1994 (the "Old Law"), was replaced with new Law No. 6112 on the Establishment of Radio and Television Enterprises that was enacted and came into force on 15 February 2011 (the "New Law").

The Turkish real estate market, increasingly growing following the economic and political stability maintained in 2005, greatly benefited from the worldwide growth of the real estate market. With new foreign and domestic investors turning their attention towards Turkey, the Government began to analyze suitable investment models and instruments.

Construction agreements in return for land share, where the contractor undertakes to build on land owned by the landowner in exchange for a certain portion of the resulting independent units, are widely preferred in the construction sector.

The Turkish Grand National Assembly approved the new Turkish Code of Obligations (the "New TCO") on 11 January 2011 and the Law on the Enforcement and Execution Procedure of the Turkish Code of Obligations (the "Law on Enforcement and Execution") on 12 January 2011.

Turkey’s struggle as a candidate country to join the European Union ("<B>EU</B>"), has gained stream during the last years. Many reforms have been realized especially in areas underlined in the Regular Report on Turkey’s progress towards accession pertaining to the year 2003 ("<B>Regular Report 2003</B>").

One of the main issues discussed with the International Monetary Fund was the unification of the Social Security Institutions in Turkey.

The new Capital Markets Law numbered 6362 was adopted on 6 December 2012.

The "Regulation on Administrative Fines to be Imposed in Cases of Agreements, Concerted Practices, and Decisions Restricting Competition and Abuse of Dominant Position" repealed a previous regulation issued on 15 February 2009.

On 7 January 2025, the Turkish Competition Authority ("TCA") published its Mergers and Acquisitions Overview Report for 2024 ("Report") on its website.

The increase in the volume of international trade will lead to an increase of the Customs Authority’s inspections.

The New Regulation on the Procedures and Principles Regarding Execution of Water Utilization Right Agreements for Generation Activities in the Electricity Market

Enactment of a noteworthy item of health legislation was finalized on the very last day of 2009.

The Personal Data Protection Authority Resolution No. 2025/1072, dated 10/06/2025, on the Processing of Personal Data by Sending a Verification Code to the Data Subjects via SMS During the Provision of Products and Services ("Decision"), entered into the force.

The Law No. 7464 on the Rental of Residential Properties for Tourism Purposes and Amendments to Certain Laws1 provided the short-term rental of residential properties for tourism purposes in Türkiye with a legal framework.

This article contains information on the latest regulatory developments in the Turkish real estate market, in such areas as public tenders and real estate investment trusts.

This requirement prevented REIFs from including properties undergoing urban transformation in their portfolios.