NEWS

On the evening of July 15 July, 2016
On the evening of July 15, a faction of the Turkish Armed Forces attempted to stage a coup in various cities of Turkey. As a consequence of the failed attempt, a three-month state of emergency was dec...
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Why Real Estate In Turkey February, 2016
The investors worldwide see the great opportunities of the real estate sector in Turkey, the reasons for it are; Turkey ‘ s economic fundamentals invite foreign investors to earn profit in the real e...
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Less bureaucracy in starting a business February, 2016
Turkey’s young population and high-quality work force are instrumental in attracting new foreign investments, as well as its central geographic position making it an energy corridor between suppliers ...
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Mitsubishi Electric Confident in Turkey’s Growth December, 2015
International company Mitsubishi Electric which manufactures a large range of products and systems from semiconductors to elevators is set to increase investments in Turkey. The Japanese conglomerate,...
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Strong Performance Despite Regional Challenges December, 2015
Back in Feb. 6, the International Monetary Fund forecast growth in the Turkish economy at 3.4 percent for 2015. Despite the regional challenges facing Turkey, the economy managed to exceed expectation...
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Growth of Islamic Finance in Turkey December, 2015
Islamic finance has grown at rapid speeds in the last decade here in Istanbul and continues to provide diverse investment opportunities for investment. The Islamic Finance model is based on two main t...
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AC & COLL - Part of the Swiss Business Council Executive Board at DEİK November, 2015
AC & Coll. are pleased to announce that its founder Av. Azim Çiğil was selected to be part of the Swiss Business Council Executive Board at Deik. The Foreign Economic Relations Board of Turkey (DEIK) ...
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World Bank Continues Support for the Healthcare Sector in Turkey October, 2015
The World Bank’s Board of Directors last month approved a further financing package worth EURO 120 million to the Health System Strengthening and Support Project of Turkey. The World Bank has ...
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AC & Coll Joins GYİAD Event October, 2015
AC & Coll was very happy to join the GYİAD event in September to hear network with other professionals and hear the latest news on the Turkish economy. GYIAD was founded in 1986 for the purpo...
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Turkey launches its own national payment clearing system October, 2015
In a first for Turkey, payments will be able to be transferred through a national provider rather than the current VISA or MASTERCARD services. The system named TROY, will be operational from next Apr...
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Foreign Direct Investment (FDI) into Turkey Reaches New Heights July, 2015
In 2014 Foreign direct investment (FDI) into Turkey reached $12.1 billion, making it the top 22nd country in the world for investors. According to the recently released UNCTAD 2015 Global Investment R...
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Establishing a Business in Turkey July, 2015
The New Turkish Commercial Code No. 6102 (“New TCC”) was published in the Official Gazette on February 14, 2011. As stipulated in the New TCC and the Law on Effectiveness and Implementation of the Tur...
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Opportunities are Plenty in Istanbul July, 2015
Istanbul is expected to continue outperforming the rest of the country in the years to come. Its economy is forecast to rise by a Compound Annual Growth Rate (CAGR) of 6.6 per cent compared to a CAGR...
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Istanbul Takes Strides in Fashion Exports June, 2015
In the first five months of 2015, Istanbul positioned itself as the origin of more textile exports than 69 provinces across Turkey. The recent growth in the Istanbul market reflects the current...
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WITH THE ISTANBUL ARBITRATION CENTRE COMMERCIAL ACTIVITES BETWEEN THE MIDDLE, CENTRAL ASIA AND EUROPE ARE SET TO RAPIDLY INCREASE
Introduction Resolution of disputes by Arbitration has shown a remarkable increase in recent years worldwide. Due to this increase many countries researched alternative dispute resol...
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THE DEADLINE TO ADJUST A COMPANY'S ARTICLES OF ASSOCIATION TO THE REGULATIONS OF THE NEW TURKISH COMMERCIAL CODE IS LOOMING
With the new law in effect, it is required for companies that operate in Turkey to amend their articles of association. The new deadline (after the previous ones were extended) given to make these cha...
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MEDICAL TOURISM IN TURKEY REACHES NEW HEIGHTS August, 2014
Medical tourism in Turkey continues to grow providing excellent opportunities for investors and patients alike. Attracted by competitive prices and flexible timing patients are choosing Turkey for a r...
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LAW IMPLEMENTING OF THE CONSUMER RIGHTS – EU DIRECTIVE July, 2014
On 13 June 2014, a new Consumer Rights EU Directive became law. The law brought with it many changes and adjustments applicable to online retailers. These changes are particularly important for thos...
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NEWS FROM AC & COLL. May, 2014
Azim Cigil, Founder and Manager of AC & Coll. was elected to the board of the German - Turkish Chamber of Commerce and Industry (AHK). AHK Istanbul was founded in 1994 and has currently more than 800 ...
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REFUND POSSIBILITY OF STOPPAGE TAX OF GERMAN COMPANIES ENGAGING IN TURKEY
It will come as good news to many international companies that under the double taxation agreement (DTA) between Germany and Turkey the refund of stoppage tax is possible. On 1 August 2012 th...
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