TBMM Approved 21 Bills in 4th Legislative Year: How Markets Will React

The Turkish Grand National Assembly (TBMM) approved 21 bills and 15 international agreements during the 4th legislative year of the 28th term. This period saw the Constitutional Amendment establishing the Presidential Executive System as the most significant regulation, alongside the process law approved during the Turkey's Counter-Terrorism process.

Judicial and Penal Reforms

■The 11th and 12th Judicial Packages were approved.

■Harsher life imprisonment sentences were introduced for children drawn into crime.

■A student amnesty affecting thousands of individuals was implemented, cutting ties with universities.

Traffic and Environmental Policies

■A new bill increasing traffic fines was approved.

■Regulations were introduced for national parks and hobby gardens.

Social Policies

■The maternity leave for female public servants was extended from 8 to 16 weeks.

■Age restrictions were introduced for social media.

Economic and Tax Reforms

■The SGK premium rate was increased by 1 point, and the upper limit for premium earnings was raised to 9 times the minimum wage.

■The Income Tax Law was amended to exclude advertising and promotional expenses for gambling activities from business income deductions.

■State debtors with outstanding balances under 1 million TL will no longer be required to provide collateral.

Investigative Committees

■A committee was established to examine the factors leading children into crime.

■An investigation was launched into fatal attacks in public spaces.

These reforms, particularly in the areas of economics and social policy, will have significant implications. Markets may react to changes in credit and tax policies, with potential impacts on individual savings and corporate decisions. Specifically, adjustments to SGK and income tax regulations could influence investment and business strategies.