In keeping with the country’s growing social needs and the breakneck pace of technological advances that the world has seen since the turn of the century, the need to amend and improve major codes in the law has become indispensable as of late. The government has been very active in trying to keep the legal environment current, and has introduced...
SOCIETY & ETIQUETTE: Tea drinking is ubiquitous in Turkey and it is a common feature of both casual exchanges and business meetings. Offering once is considered incomplete, so to politely refuse any offering of food or drink one may have to decline twice. In the same way, Turks will often politely...
In corporate management, as in other aspects of life, the simplest way to promote responsible behaviour is to ensure accountability. The new TCC, in its overhaul of the commercial landscape, will initiate serious changes towards facilitating good corporate governance. It will introduce a legal regime that will require clarity in the assignment...
Over the course of the past decade, Turkey's economy and society have undergone drastic changes: high GDP growth, the consolidation of civilian political control and the evolution of a more nuanced perspective on the country’s role in the region. The nation's growing prominence has led the international community to increasingly value Turkish...
Although the IMF argued in a recent study that economic growth in Jordan will likely remain “subdued” over the coming year, it also made note of a few sectors supporting economic expansion. Banking in particular was highlighted, with the IMF stating that the banking system remains one of the economy’s strongest industries.
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