Recent Developments from Türkiye’s Executive and Administration Department

The Executive and Administration Department of Türkiye has announced several key decisions and regulations that are set to influence the country’s economic landscape. Below is a summary of the significant actions undertaken, focusing on international treaties, administrative updates, and market regulations.

International Treaty Approval

A crucial economic and financial cooperation agreement has been approved between the government of the Republic of Türkiye and the Turkish Republic of Northern Cyprus. This agreement, recorded under Decision Number 9790, signifies a strategic partnership aimed at fostering economic collaboration and bolstering financial stability in the region.

Vice Presidential Proxy

Vice President Cevdet Yılmaz has assumed a proxy role on behalf of the presidency, playing a pivotal part in overseeing the smooth operation of government functions and implementing the administration’s policies.

Key Regulatory Amendments

Several amendments have been made to existing regulations:

1. State Aids: An amendment to the procedures and principles governing the implementation, coordination, monitoring, and evaluation of state aids has been approved (Decision Number 9789), ensuring that the distribution and management of these aids remain transparent and effective.

2. Expert Regulation Adjustments: The expert regulation has been updated to enhance its operational efficiency.

3. Pasture Regulation: Amendments to the pasture regulation have been introduced, aiming to improve land management and usage.

4. Warehouse Regulation: Updates to the Turkish Electrical Transmission Joint Stock Company Warehouse Regulation have been finalized, enhancing operational protocols.

5. Central Bank Transactions: The regulation on monitoring transactions affecting the foreign exchange position by the Central Bank of Türkiye has also been amended to strengthen oversight.

Communiqués on Financial Transformation

The department has released significant communiqués aimed at supporting the transformation of firms into the Turkish Lira.

• Transformation Support: The latest communiqué on this subject (Issue: 2023/5) underscores the government’s commitment to enhancing financial stability and reducing currency volatility.

• Required Reserves: An amendment related to the required reserves has also been issued (Issue: 2025/12), ensuring that financial institutions remain robust and well-capitalized.

Energy Market Regulatory Board Decisions

The Energy Market Regulatory Board has made vital decisions impacting the energy sector, two recent resolutions dated April 30, 2025, with numbers 13487 and 13488, underline the government’s ongoing efforts to regulate energy markets effectively.

Daily Exchange Rate Announcements

The regular announcements regarding the daily values of exchange rates, as determined by the Central Bank of the Republic of Türkiye, continue to provide crucial insights for businesses and investors monitoring the currency’s performance.

The recent decisions and regulatory changes reflect Türkiye’s proactive approach to economic management and collaboration with neighboring regions, setting the stage for potential growth and stability in the coming years.

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