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Turkey and the EU

Latest business news about Turkey and the European Union.

MEPs cut support for Turkey by EUR 70m over EU values
MEPs on the EU Parliament's budget committee agreed Tuesday to cancel EUR 70 million in pre-accession funds earmarked for Turkey, as they say conditions to improve the rule of law were not met.

EU continues dialogue with Turkey over rule of law
EU leaders conveyed continued concern over the rule of law in Turkey Monday, as Turkey's president Recep Tayyip Erdogan joined them for a wide-ranging discussion on EU-Turkey relations and the way ahead.

MEPs call on Turkey to lift state of emergency, denounce arrests
MEPs denounced Thursday the arrests by the Turkish government as it attempts to censor criticism over its military assault of Afrin, and expressed serious concern about its humanitarian consequences.

EU Parliament calls for freeze on Turkey membership talks
The European Parliament called Thursday for a temporary freeze on EU accession talks with Turkey until "disproportionate repressive measures" under the country's state of emergency are lifted.

Turkey 'moving away from the EU': enlargement report
Turkey is moving away from the EU, the Commission warns in its annual assessment of potential EU members' progress in implementing political and economic reforms.

MEPs call on Turkey to free journalists
The European Parliament called on Turkish authorities in a resolution adopted on Thursday to free journalists being held "without compelling evidence of criminal activity".

Go-ahead for largest ever EU humanitarian aid programme in Turkey
The EU announced Thursday the largest ever EU humanitarian aid programme, signing a contract with the World Food Programme to provide EUR 348 million in aid for Syrian refugees in Turkey.

Facility for Refugees in Turkey
Turkey currently hosts more than 2.7 million registered Syrian refugees and the EU is committed to assist Turkey in dealing with this challenge. The Facility for Refugees in Turkey, managing a total of 3 billion EUR for 2016 and 2017, provides for a joint coordination mechanism, designed to ensure that the needs of refugees and host communities in Turkey are addressed in a comprehensive and coordinated manner. The Facility focuses on humanitarian assistance, education, migration management, health, municipal infrastructure, and socio-economic support.

Transatlantic unity 'never more important' in face of common challenges
Meeting US Secretary of State John Kerry Monday, EU foreign affairs ministers highlighted the strength of the transatlantic partnership and its importance in addressing foreign and global challenges.

EU opens new chapter in Turkey membership talks
The EU opened a new chapter on financial and budgetary provisions in accession talks with Turkey Thursday - the twelfth meeting of the country's accession conference at ministerial level.

Speed up refugee relocation, says EU
The resettlement and relocation efforts of EU Member States needs to be speeded up to avoid migrants returning to irregular routes, the European Commission said in a report Wednesday.

Fragile progress on EU-Turkey refugee agreement
The European Commission adopted its second report on the EU-Turkey refugee agreement Wednesday, showing that while there has been progress in its implementation, progress so far remains fragile.

Turkish citizens could get visa-free travel to EU by June
The European Commission has opened the way for a decision on visa-free travel for citizens of Turkey by June, on the understanding that Turkey fulfils outstanding benchmarks of its Visa Liberalisation Roadmap.

Key findings of the 2015 EU enlargement report on Turkey
The report on Turkey is part of the 2015 enlargement package adopted today by the European Commission. The Report highlights that the EU and Turkey continued to enhance cooperation in the areas of joint interest, which support and complement the accession negotiations.

Ketenci & Ketenci
Ketenci & Ketenci is a team of international lawyers, with a top-tier global reputation in both advisory and contentious matters.

Company Formation in Turkey
At Ketenci&Ketenci we regularly assist foreign corporations and investors to form new companies and branches in Turkey. Thanks to the Turkish Direct Foreign Investment regulation; foreign investors can incorporate or participate in all types of companies in Turkey which are available for local investors in accordance with the equal treatment principle.

Mergers and Acquisitions in Turkey
Mergers and Acquisitions (“M&A”) is defined as the combining of two or more companies or buying-selling or dividing of two or more companies as a part of corporate finance in order to grow rapidly in business field of activity.

Joint Ventures in Turkey
Joint ventures with the participation of foreign shareholders became very popular in Turkey, especially after the late 1980s. The major reasons behind this popularity were the necessity to attract foreign investment, and the significant improvement in the Turkish economy.

Turkey: Readmission Agreement and Visa Liberalisation Dialogue
Cecilia Malmström, the EU's Commissioner for Home Affairs has signed, with the Turkish Minister of Interior Muammer Güler, the EU-Turkey readmission agreement, and initiated, jointly with the Turkish Minister of Foreign Affairs Ahmet Davutoglu, the EU-Turkey Visa liberalisation dialogue.

Next steps for EU enlargement
The European Commission has recommended for a fourth time to open accession negotiations with the former Yugoslav Republic of Macedonia. It recommends granting EU candidate status to Albania subject to completion of key reform steps, and proposes negotiating a Stabilisation and Association Agreement (SAA) with Kosovo once it has made progress in fulfilling a number of short term priorities. The Commission also confirmed that Croatia is on track in its membership preparations. In a set of annual reports, the Commission also assesses the progress towards EU accession made elsewhere in the Western Balkans, Turkey, and Iceland over the past year.

Turkey: country overview
In 1987, Turkey applied to join what was then the European Economic Community, and in 1997 it was declared eligible to join the EU. Turkey's involvement with European integration dates back to 1959 and includes the Ankara Association Agreement (1963) for the progressive establishment of a Customs Union (ultimately set up in 1995). Accession negotiations started in 2005, but until Turkey agrees to apply the Additional Protocol of the Ankara Association Agreement to Cyprus, eight negotiation chapters will not be opened and no chapter will be provisionally closed.

Securing the EU energy supply - Turkey and countries of the Caspian region as key players
This publication provides a summary of the Friends of Europe evening debate "Securing the EU energy supply - Turkey and countries of the Caspian region as key players". The debate featured Heinz Hilbrecht, Director for Security of Supply, Energy Markets and Networks at the European Commission, Reha Aykul Muratoglu, Head of Transit Petroleum Pipelines at Turkey’s Ministry of Energy and Natural Resources, and Stefano Sannino, Deputy Director General for Enlargement at the European Commission.

EES 2011 Turkey National Report
The Eurochambres Economic Survey 2011 report on Turkey gives an overview of the Turkish economy in 2010 and provides a detailed analysis of the economic indicators: turnover, national sales, export, employment, investment, and business confidence.

Enlargement Strategy and Progress Reports 2010
On 9 November the Commission adopted its annual strategy document explaining its policy on EU enlargement. The document will include also a summary of the progress made over the last 12 months by Croatia, Iceland, the former Yugoslav Republic of Macedonia, Turkey, as well as Bosnia and Herzegovina, Serbia and Kosovo*. In the 2010 package, Commission will also present its Opinion on the readiness of Albania and Montenegro to start accession negotiations. These Opinions replace this year's progress reports on the two countries concerned.

Special Report No 16-2009 "The European Commission’s management of pre-accession assistance to Turkey"
In this report the European Court of Auditors analyses the Commission’s management of pre-accession financial assistance to Turkey. Particularly the first pre-accession assistance period 2002-2006 suffered from many weaknesses common to pre-accession programmes. The Commission had not set sufficiently specific objectives for its funding to allow assessment of the project outcomes and did not have sufficient information to demonstrate the effectiveness of its pre-accession assistance. However, the projects visited did deliver their intended outputs and the results of the projects are likely to be sustainable. While the Commission has already made some significant improvements, the Court makes several recommendations for further corrective measures. The most critical areas for improvement are the setting of strategic objectives for the financial assistance, the development of more realistic timescales for the objectives and the monitoring of actual project performance and results based on clear objectives and appropriate indicators.