Enhancing Transparency and Efficiency to Improve Business Environment
In a bid to strengthen investor confidence and attract foreign direct investment, Turkey has unveiled its new Medium-Term Program for 2026-2028. The comprehensive plan aims to streamline business operations, foster innovation, and integrate the country into global supply chains.
One of the key focus areas is the digitization of company and trade registry procedures. This move is expected to accelerate company formation and liquidation, reduce bureaucracy, and lower costs for businesses.
The program also targets the reinforcement of the intellectual property system. The aim is to raise public awareness, foster the creation of IP rights, and accelerate their commercialization. Simplified incorporation and early-stage exemptions will benefit innovative start-ups.
To attract foreign entrepreneurs, investors, and skilled labor, new measures will be introduced. These include expanding the e-Notification system, deploying a new AI-based inspection model to track industrial products sold electronically, and strengthening market surveillance.
The plan includes a series of reforms to ensure the continuity of investments, provide legal certainty for investors, and safeguard projects. Secondary legislation will be prepared to secure investments in energy and mining, and the supply and allocation of investment sites will be increased.
Priority will be given to projects that support green and digital transformation. This includes the development of a domestic supplier ecosystem to increase local sourcing and the creation of supplier development programs to enhance SMEs' capacity and integrate them into international investment supply chains.
To improve access to justice and the right to a timely trial, digital solution platforms, online dispute resolution, and electronic hearings will be developed. Permits, licenses, and approvals will be moved to online platforms, further simplifying procedures for businesses.
In an effort to modernize customs capacities, they will be expanded and modernized to facilitate foreign trade and exports. A "one-stop" mechanism will be established to simplify procedures for qualified investments.
The program also addresses data protection. Turkey's Personal Data Protection Law will be fully aligned with the EU's General Data Protection Regulation, and bankruptcy and enforcement legislation will be updated.
A new dialogue mechanism with the EU will be launched, and customs capacities will be expanded and modernized to facilitate foreign trade and exports.
However, no specific information about the timeline for establishing specialized courts in Turkey from 2026 to 2028 was found in the provided search results.
The plan also includes the introduction of a Digital Competition Compliance Guide to promote fair ranking, algorithm transparency, content removal criteria, and copyright-sharing principles.
In conclusion, Turkey's new Medium-Term Program for 2026-2028 is a comprehensive plan aimed at boosting investment, innovation, and digital transformation in the country. The focus on digitalization, intellectual property, and foreign investment is expected to create a more business-friendly environment and attract foreign investors.
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