Turkey's Small and Medium Sized Industry Development
Organization ("Organization") has narrowed the scope of
sectors in which it offers SMEs financial support. Under the
changes, all beverage services, as well as production, distribution
and post-production of television programs have become specifically
excluded from eligibility for financial support.
The Council of Ministers' Decision number 2009/15431 and
dated 5 August 2009 on Determination of Sectoral and Geographical
Priorities regarding SMEs Eligible to Receive Financial Support
outlines the sectors and geographic areas which have priority in
terms of the Organization's support and services.
The Council of Ministers' Decision regarding Amendments to
Determination of Sectoral and Geographical Priorities regarding
SMEs Eligible to Receive Financial Support
("Amendment Decision") was published in Official
Gazette number 29636 on 26 February 2016, entering into effect on
the same date.
Changes under the Amendment Decision include:
Accommodation and food services are eligible for financial
support, with certain exceptions. Bars, taverns, cocktail lounges,
discotheques, pubs and coffee rooms were already excluded. However,
the Amendment Decision expands the exclusion to cover any beverage
Production, distribution and post-production of motion pictures
and video programs were already excluded. The Amendment Decision
expands the exclusion to also cover production, distribution and
post-production of television programs.
Please see this link for full text of the Amendment
Decision (only available in Turkish).
Information first published in the
MA | Gazette, a fortnightly legal update newsletter produced by
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