Constitutional Court has partly accepted to the application made for the annulment of some articles of the Law of Amendment related to Title Deed Law numbered 5782 and dated 03.07.2008. In accordance with the hearing held on 12.05.2011; It has been decided that the right granting to foreign real persons to acquire utmost ten percent of real estates where are at the fields inside of the district construction plan in article 35 of Title Deed Law is not contrary to the Constitution and the application for the annulment has been dismissed.
Moreover, it has been decided that the regulation related to granting permission for acqusition of real estates to foreign companies with legal personality established in Turkey for running their field of activity in the article 36 of the same law is not contrary to the Constitution and the application for the annulment has been dismissed.
Supreme Court has found the regulation of provisional clause 3, paragraph 2 added to the Title Deed Law numbered 2644 with article 3 of Law of Amendment related to Title Deed Law numbered 5782 contrary to Constitution and annulled. In accordance with the annulled article, Foreign real persons can acquire real estates and entitle restricted real rights on real estate until the determination of quantity of real estates shall be acquired on the central district and districts and independent and permanent real rights under the provisions of article 35 of Title Deed Law
The cabinet decision regarding the allocation of all or parts of parcels at the Industrial Zones without cost has been enacted.
Upon the writing of Ministry of Industry and Commerce dated 17/5/2011 and numbered 3981 and in accordance with provisional clause 9 of Industral Zones Law numbered 4562, it has been decided to be enacted to the decision of cabinet dated 02.06.2011, numbered 27952 and numbered 2011/1808 regarding the allocation of all or parts of parcels at the Industrial Zones without cost. By the enacted decision, the parcels where are at province and districts at 1st region of which development index value is 1 and under this will be allocated with 50% discount; the parsels where are at central districts which are at the provinces on 2nd region will be allocated with 50% discount; parsels where are at districts will be allocated with 60%; the parsels where are at central districts which are at the provinces on 3th region will be allocated with 70% discount, parsels where are at districts will be allocated with 90%discount ; the parsels at province and districts on 4th region will be allocated without cost; It is decided that parcels at the providence and districts in all region for large scale investments which are within Decision of Government Aid At Investment are allocated without cost.
Turkey will go to the polls for 24th Parlimentary Election on 12 June 2011
Within the election calender prepared by Higher Election Committee, eventhough voting has been commenced at customs gates on 10 May 2011, on Tuesday, Turkey will go to the