Industrial and Commercial Code Proposal: Passed in Meclis and Enacted

The law proposal containing regulations on industry and trade was approved in the Meclis General Assembly. According to the law, the dues that TESK and TOBB will pay to KOSGEB can be increased up to two times by the President.
Under the law, the dues to be paid by TESK, TOBB, and KOSGEB to the Small and Medium Sized Enterprises Development and Support Administration can be doubled by the President.
TÜBİTAK will be able to grant scholarships to young individuals who demonstrate outstanding achievements in education and post-education without being subject to the provisions of the Law on Grants and Loans for Higher Education Students. Official Gazette published actions related to service, inspection, maintenance, monitoring, and control activities or violations of non-product mandatory standards by natural and legal persons may be subject to fines ranging from 12 to 482 thousand liras.
Administrative fines ranging from 5,000 to 50,000 liras may be imposed on those who violate regulatory actions related to the inspection, repair, and adjustment of measurements and measuring instruments.