Public Offerings and Corporate Governance in Turkish Defense Industry
Defense industry in Turkey has received significant attention from both the government and the public itself due to developments in Turkey’s foreign policy and the Middle East.
Defense industry in Turkey has received significant attention from both the government and the public itself due to developments in Turkey’s foreign policy and the Middle East.
Offset agreements are mostly and frequently used in defense industry for certain beneficial contributions in return for a defense procurement contract. It is mainly an agreement conducted between two parties -the defense vendor and a foreign government- a
Additional to the Public Tender Act no. 4734 Article 3, principles that were agreed upon on the procurement of defence technologies on the date of 19/2/2018 came into force on 22/03/2018 with its publication in the Official Gazette no. 30368. In a broad o
Additional to the Public Tender Act no. 4734 Article 3, principles that were agreed upon on the procurement of defence technologies on the date of 19/2/2018 came into force on 22/03/2018 with its publication in the Official Gazette no. 30368. In a broad o
A nation has six major elements of its nation-oriented power that are based on politics, economy, psycho-social issues, military capability, manpower and the geostrategic location.These bring more flexibility in countries’ regional strategy and add valu
A Snapshot of the Industry Turkey’s ever-growing energy needs relocates the mining industry to the center stage in Turkey’s energy policy. However, as the Turkish mining industry still commands the center stage for the satisfaction of Turkey’s energy need
The arms industry with over 600 modernization projects is booming in Turkey. The government policies in manufacturing and new offset regulations towards to domestic procurement ensure continuous transformation and development. The 2023 vision of the gover
The Law 5201, Defence Industrial Security Law, dated 29.06.2004 is the principle document regulates the Turkish defence industry and set forth the legal framework of all classified military agreement, information, documentation, project, purchase, sell, m
Commercial air transportation operators are now subject to independent audit system in order to control operations which should comply with flight, passenger and cargo safety regulations. Independent auditors however, are supposed to obtain an authorizati
The secondary legislation in Turkish aviation industry, Regulation on Commercial Air Transportation (SHY-6A) has been changed recently and published on the Official Gazette dated 16 November 2013.
Turkey as a member of NATO and due to its geographic location has been allocated the highest funds from the budget to defence industry for many years. Today the total turnover of defence and aerospace industry is around USD 4,5 – 5,0 billion. In five year
Developments in civil aviation in Turkey are accelerating year on year. New investment, new projects and an expansion in the volume of trade have led to increases in the number of airports, the number of passengers and the available means of air transport