Prime Minister Ahmet Davutoğlu announced an action plan on Feb. 22 to support Turkeys tourism sector, which has been negatively affected recently by tensions with Russia and security concerns.
Foreign investors must submit development projects they are planning for any land they purchase to the Environment and Urbanization Ministry; otherwise, the ministry has the right to claim the land without paying for it.
Bahrain based International Islamic Financial Market (IIFM), a global standard-setting body for Islamic finance announced the launch of the IIFM Master Collateralized Murabahah Agreement. The global standard document is accompanied by an Operational Guidance Memorandum.
Turkey has kicked-off studies to introduce easier work permit application and granting procedures for qualified foreign workers and investors to enhance the countrys investment allure.
Deputy Prime Minister Ali Babacan, speaking at the 15th Extraordinary General Assembly of Turkish Capital Markets Association, said that the process of establishing finance courts has come to the final stage.
Futures and Options Market Operation Principles are updated in accordance with decisions of Board of Directors of the Exchange at the meeting numbered 2014/18 and dated May 9, 2014 on the purpose of becoming effective in TRYUSD option contracts that were launched on May 16 th, 2014 and providing liquidity to the related contracts.
The visa-free travel agreement signed between Turkey and Belarus in 2013 enters into force on June 2.
Turkey's Economy Minister Nihat Zeybekçi said Turkey plans to implement a new visa procedure for foreign businessmen who invest in Turkey.
One of the world´s largest institutions for settling international commercial disputes, the International Court of Arbitration, needs to retain its independence in the face of extensive lobbying, its chairman has said.
Since Takasbank became Central Counterparty (CCP) at Futures and Options Market starting from March 3rd, 2014, Abbreviations and Order Cancellation sections of the circular were revised.
With the decision of Capital Markets Board in early March, investors will be able to reach and trade all funds with one single bank account with the new fund platform, which is to take effect as of July 1st.
Aiming to put an end to ongoing claims that the government is mulling to merge capital markets and banking watchdogs, Deputy Prime Minister Babacan said the government has no such plans.
Turkey has one of the most competitive corporate tax rates in the OECD region.
Leasing, factoring and finance institutions came together under the roof of Financial Institutions Association.
Deputy Prime Minister Ali Babacan said that there should be a BRSA like structure for the real sector.
Recent economic developments in Turkey carried the country and its main economic driver Istanbul to higher ranks among global economies. Istanbul has rich resources and the potential to compete with leading global financial centers.
Istanbul is the natural financial center of Turkey. Progressing towards EU membership, by its regional location, Turkey is also a country of significant economic size for the Middle East, Central Asia, North Africa and Eastern Europe.
The government is working on an anti-corruption reform, the Finance Minister Mehmet Şimşek said yesterday, continuing his mission to soothe investors concerns regarding political transparency and stability in Turkey.
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