Competition policy

摘要

The Competition Law (4054/1994) aims to align Turkey with EU competition standards, and a 2010 reform introduced significant changes to the control of mergers and acquisitions. The Turkish Competition Authority (TCA) serves as the national competition regulator and can impose fines of up to 10% of a company's previous year's gross annual revenue. However, many in the business community question whether civil servants responsible for examining competition cases have the expertise to judge matters ranging from manufacturing to the media, advertising, distribution, retailing and private schools. Large businesses continue to wield considerable behind-the-scenes political influence.