Focus On Digital And Green Transformation: Türkiye's Medium - Term Program Published. 08 September 2023

The Medium-Term Program (2024-2026), prepared by the Ministry of Treasury and Finance and the Presidency of Strategy and Budget, was approved and published in Official Gazette No. 32301 dated September 6th, 2023.

The Program aims to use, develop the investment environment, and accelerate legislative studies in digital technologies such as artificial intelligence, autonomous systems, cloud computing, and big data analytics, along with green technologies.

Within the scope of the program:

  • The Law on the Protection of Competition will be updated to combat market malfunctions and unfair digital market practices and align with European Union acquis in this field. The target for the update has been determined the 1st quarter of 2024.
  • In line with EU digital economy regulations affecting exports of goods and services, the harmonization process of the Law on the Protection of Personal Data with the EU acquis, particularly the EU General Data Protection Regulation (GDPR), will be completed. Regulations on matters of urgency in terms of direct investments will be put on the agenda earlier. The target for the update has been determined as the 4th quarter of 2024.
  • In order to achieve and maintain the green transition and the 2053 net zero emission, the planning on activities for reducing greenhouse gas emissions and adaption to climate change and implementation tools for combating climate change will be regulated. The target for the update has been determined as the 1st quarter of 2024.
  • A National Green Taxonomy that is compatible with the international classification system and considers Turkey's specific needs will be established; the green finance ecosystem will be developed by increasing the institutional capacity on sustainable finance; the necessary legislative infrastructure will be established for the analysis of banks' climate-related financial risks and measurement of their contribution to environmental goals; and the financing needs of investments will be met by developing innovat i v e and sus tainabl e financing instruments within the framework of Environmental, Social and Governance criteria. The target for the update has been determined as the 1st quarter of 2025.

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