Muharrem Ince, who launched the Homeland Movement on September 4 last year after harshly criticizing the Republican People’s Party (CHP) President Kemal Kilicdaroglu and the party’s policies after the 37th Ordinary Meeting in July, has resigned from CHP. Ince, who has been involved in the CHP for the last 42 years and ran as CHP’s...
Author: Canan Sakarya (Canan Sakarya)
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TWF prepares to invest in petrochemical industry
Turkey Wealth Fund (TWF) has announced that it will make oil refining and petrochemical investments in order to decrease the foreign trade deficit. Work has begun identifying a location in Iskenderun for the USD 8bn investment. The Parliament’s Planning and Budget Commission discussed the audit report of TWF’s financial statements and activities for 2019. The...
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Reform package to be launched in February
The Human Rights Action Plan (HRAP), part of the AK Party-led reforms to Turkey’s economy and justice system, is expected to be included in judicial reforms slated to be launched in February. the The economic and judicial reforms were discussed last week at the AK Party Central Executive Committee’s (MYK) meeting. Feedback from the field...
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The Parliament will deal primarily with Technopark Law
On the agenda for the parliament this week will be the Law on Technology Development Zones (TDZs) and the Law Proposal on Amending Some Laws, including a series of regulations in improving ease of doing business and the investment environment. Other regulations up for amendment in the proposal include the removal of the signatory circular,...
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Turkish Parliament approves 2021 budget
The 2021 budget was approved by Parliament nearly two months of debates at the Planning and Budget Commission and General Assembly. The size of the 2021 Budget was determined as follows: >> Budget expenditures: TRY 1.346tr >> Non-interest expenses: TRY 1.166tr >> Budget revenues: TRY 1.101tr >> Tax revenues: TRY 922.7bn >> Budget deficit: TRY...