Author
Duman, Aslihan
Publication Date
2020-05
Subject
Financial incentives, Foreign investor, Energy law, Financial incentives, Foreign investor, Energy law
Type
Document
Language
Turkish
Digital
Yes
Manuscript
No
Library
Özyeğin University
Record ID
661a3fd4-82c7-4fa3-ad4a-83ad67cf365d
Library Location
Department of Public Law
Date
2020-05
Sample Text
Preference incentive policies developed to accelerate the development of economic activities have social, political, economic and legal aspects. Legal and administrative regulations need to be made in order to determine and implement the incentives, which are mainly the subject of economic evaluations, on a policy basis. Considering the recent legal regulations regarding the implementation of incentive policies based on development plans in Türkiye, radical legal and administrative reforms were carried out first in 2009 and then in 2012. The basic logic of the incentive policies that have been included in the development programs since 2012 has been to attract foreign investments to the country and to encourage all domestic and foreign enterprises to invest according to the determined priorities. In this context, the "Foreign Direct Investments Law" No. 4875 dated 17.06.2003, enacted in 2003, and the Council of Ministers Decision No. 2012/3305 dated 15.06.2012 can be considered the most important developments. With these changes, radical legal and administrative regulations have been made in the field of energy in Türkiye in order to reduce foreign dependency and create added value. Many legal regulations have been made to make the Build-Operate-Transfer model more functional, to make privatizations in the energy sector, and to encourage private enterprise. In this study, the incentive policies implemented in Türkiye and the attraction of foreign investors to the energy sector and the incentive legislation regarding these investments were examined in terms of administrative law. As a result of the study, it has been determined that many legal and administrative regulations have been made recently in terms of private and administrative law in order to attract foreign investors to Türkiye in the energy sector and to encourage all domestic and foreign initiatives in this field, and it has been observed that these have investment-increasing effects.
