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Structural Reforms In Turkey

Public Sector - Public Procurement Law - Rationalizations in financial management, employment, budget and investment in the public sector - Code of Ethical Conduct for Civil Servants - Law on Freedom of Information for Citizens Financial Sector - Regulation and Supervision in line with EU standards - Strenghthening Private Banks (Capital Adequacy Ratio Improvement) - State Bank Reform - Resolution of Non-Viable Banks Social Security System - Social Security Administrative Reform Law (Mayıs 2006) - Pension and Universal Health Insurance Reform Law (Haziran 2006) Tax System - Corporate Tax Law (effective from January 2006) - Income Tax Law (amendments on rates – April 2006) - Establishment of Large-Taxpayers Unit - Establishment of Tax Policy Unit (February 2006) Enhanced Role for Private Sector - Deregulation in Key Markets (Energy, Banking, Telecommunications) - Accelerated Privatization - Improvements in the Investment Environment Institutional Reform - Investment Support and Promotion Agency of Turkey (ISPAT) - Regional Development Agencies