HARDER THE GOVERNANCE EASIER THE ALLOWANCE: TURKEY INTRODUCES NEW REGULATION ON REGULAR VOYAGES CONDUCTED BY VESSELS:

Turkey has recently introduced the "Regulation on Regular Voyages Conducted by Vessels” (“Regulation”), replacing the previous regulation in force since 2010. The Regulation outlines the principles and procedures for establishing and operating regular voyages by vessels transporting vehicles and/or passengers between Turkish coastal facilities and, additionally, between Turkish coastal facilities and those abroad.

Historic Judgement from The Constitutional Court: The Provision for Suspended Sentences Is Scrapped:

Turkey's Constitutional Court has rendered a landmark decision, ruling that the provision which allowed the deferral of verdicts for certain crimes, is unconstitutional.

Health Ministry to Exercise Strict Scrutiny over Promotional & Informational Activities:

The Turkish Ministry of Health introduced a new regulation to standardize healthcare promotional activities.

HIGH INFLATION FORCES DATA PROTECTION BOARD TO REVISE THE REGISTRATION THRESHOLD:

The fluctuating value of the Turkish Lira and very high inflation rates in recent times has brought about the need to constantly update the financial criteria in a number of legal regulations.

Turkey Adopts New Economic Measures: Latest Increases in VAT, Consumer Loan Tax, and Fees :

TURKEY IMPLEMENTS NEW REGULATION FOR SHIP REGISTRIES, SCRAPPING OUTDATED LEGISLATION:

Turkey has recently introduced a new "Regulation on Ship Registries", setting out the principles and procedures for the establishment and operation of new registries, registration of vessels, as well as the responsibilities of the registry officials.

Amendments Announced to the Ports Regulation:

AMENDMENTS TO MARINE POLLUTION FINES :

TURKEY’S PARTICIPATION TO BOLSTER SAFETY IN HORN OF AFRICA:

Turkish Grand National Assembly has issued a resolution extending the mission of Turkish Navy at Gulf of Aden, Arabian Sea, Horn of Africa to combat piracy.

TURKEY FURTHER ENDORSES THE CONVERSION TO TURKISH LIRA BY ISSUING A NEW COMMUNIQUE ON COMPANIES’ FOREIGN FX INCOME:

Another step is taken by the CBRT to implement “Liraization” with a new Communique aiming to incentivize companies to convert their foreign Exchange obtained from abroad into Turkish lira accounts.