New development
The Turkish Competition Authority
("TCA") published its 2023 Annual Report
("Report") on its official website on
August 13, 2024. The full Report is available
here. The Report provides an overview of the TCA's
activities in 2023.
In the foreword of the Report, it is underlined that there was
an increase in the number of competition violation cases concluded
by the Turkish Competition Board ("TCB")
in 2023 compared to the previous year, and that the consumer
welfare-oriented approach followed by the TCB since 2020 has
predominantly manifested itself in its 2023 activities. As a
result, the Report provides that the food industry was among the
top 3 sectors that were subject to the most competition violation
investigations in 2023.
