Turkey expands presidential control over municipally owned companies

Turkey has expanded presidential control over municipally owned companies, requiring local governments and their majority-owned firms to obtain presidential approval before setting up companies or cooperatives, acquiring shares or joining new ventures, Turkish Minute reported. The measure was enacted through an omnibus law published in the Official Gazette on Friday. The amendment applies to local […] The post Turkey expands presidential control over municipally owned companies appeared first...

By SCF