New regulation to watch

NEW ERA IN THE POWER PLANT SITES

The procedures and principles determining plant areas of generation subject to licenses in the electricity market have been determined and Power plant sites will be determined according to energy source and technology type, and electricity generation from a second source will be provided within the same power plant area.

According to the EPDK’s statement, new investment and employment opportunities will be created with renewable energy facilities to be built on the sites where power plants are located. Companies producing electricity from other sources will also be able to establish their own solar power plants within the same power plant area. Thus, solar panels will become widespread and domestic panel production will be increased. Plants based on geothermal energy installed in the agricultural regions will be eliminated by using agricultural waste in the region. In these areas, biomass-based auxiliary resource units can be established to increase electricity production. In addition, renewable energy sources such as solar or biomass will be used together in power plant sites based on conventional energy sources such as coal and natural gas.

GEOTHERMAL RESOURCE AREAS ON TENDER

The Kahramanmaras Governorate Investment Monitoring and Coordination Department has put out to tender five licensed geothermal resources and natural mineral water exploration areas within the borders of Kahramanmaras’ •nikisubat and Pazarcik districts. According to the announcement of the presidency published in the •fficial Gazette, the tender of the fields, the price of which varies between TRY 16,826 and TRY 314, 615, and areas ranging from 374 hectares to 4,340 hectares, will be held on July 24, 2020, between 9am and 10am.

LIMITATIONS FOR M&AS

The law amending the Act on the Protection of Competition was published in the •fficial Gazette and entered into force. The law introduces a substantial reduction of effective competition test applied in European Union (EU) law instead of “dominant position test” in mergers and acquisitions. The law prohibits mergers in such a way as to create a dominant position or strengthen an existing dominant position, significantly reducing effective competition in any market of goods or services.

CHANGE IN MINIMUM LABOR RATES

The communiqué on the minimum labor rates for various branch of activities, which are determined by Minimum Labor Determination Commission of the Social Security Institution’s (SGK), was amended. Published in the •fficial Gazette, the number of branches with a minimum labor rate increased by 92 to 858.

DUMPING INVESTIGATION INTO U.S. PRODUCTS

The final review investigation has been started with regard to the precise measures against the dumping in force against the damping type polyvinyl chloride PVC-S originating from the U.S. and Germany. The decision was taken with an application by Petkim Petrokimya Holding A.S. •n February 6, 2003, an anti-dumping measure had been put into force ranging from $25 to $45 per tonne for Germany, Belgium, Italy, Israel and Romania and $45 ton for the U.S., Finland, the Netherlands, Hungary and Greece

TRY 450M LAND TENDER IN ISTANBUL

Basaksehir Municipality of Greater Istanbul has put 124,617 square-meters of land on sale for TRY 450 million. The land is for housing, a secondary school, primary school and kindergarten. According to the announcement of the municipality published in the •fficial Gazette, the equal share rate of the plots is 1-1,5, the equivalent construction area reaches 135,126. The tender, for which the amount of the bid bond is determined as TRY 13.5 million, will be held on July 9, 2020 at 10:30am in the Basaksehir Municipality Council meeting room.

INVESTIGATION ON ISRAELI FLAT GLASS IMPORTS

A final review investigation has been launched into definitive prevention against dumping in force against Israeli colorless float glass. According to the Ministry of Commerce’s communiqué on the Prevention of Unfair Competition in Imports, published in the •fficial Gazette. The decision was taken based on an application by Duzce Cam San. ve Tic. A.S.