Amendments To The Communiqué On Application Principles Of Technology-Oriented Industrial Movements Program

Turkey's Ministry of Industry and Technology has published the Communiqué Amending the Communiqué on Application Principles of Technology-Oriented Industrial Movements Program ("Communiqué").

The amendments made within this scope can be summarized as follows:

• The cost of the independent evaluation report of the investor enterprises qualified as Small and Medium-Sized Enterprises ("SMSE") will be covered by the Small and Medium Enterprises Development Organization ("SMEDO") at a coverage ratio in accordance with the procedures stipulated in the relevant legislation. The cost of the independent evaluation report of the projects provided by large-scaled investors and are determined to benefit from Research and Development ("R&D") supports of the Scientific and Technological Research Council of Turkey ("STRCT") by the Technology-Oriented Industrial Movements Program Evaluation Committee ("Committee") will be covered by STRCT following the de facto initiation of R&