Medium Term Program (2024-2026) Published in the Official Gazette

 EMPLOYMENT

Occupational training programs will be implemented in cooperation with the industry as a result of the analysis in pilot provinces to meet the needs of labor markets by updating the professional and technical education curriculum in alliance with the private sector and to meet the needs of qualified intermediate staff.

Public-university-private sector cooperation programs will be implemented to train the qualified workforce in strategic areas such as the defense industry, artificial intelligence, cyber security, clean and sustainable energy, and space technologies.

Professional standards and qualifications will be prepared in the fields of green and digital transformation, needed updates will be made in professional standards, and the gap between green and digital competency will be closed.

Special programs will be developed to ensure women's full, equal, secure, and effective participation in the workforce, which is changing with the digital and green transformation, and to provide new skills and abilities that will be needed in this context for women and girls. The scope of the programs –such as women’s entrepreneurship, financial literacy, and cooperativism- will be expanded and made widespread.

Legislative regulations will be effectively implemented in accordance with the developments in new generation flexible working models, considering the needs of the business world and work–private life balance.

Migration - employment policies will be harmonized in a balanced way in order to meet the different qualificated needs of the labor market in cases where there are difficulties in obtaining domestically.

It will be ensured that those under temporary and/or international protection to work in a registered manner in areas where there are labor supply difficulties, especially in their registered province.

The Family and Youth Bank will be established to protect and strengthen the family institution, contribute to the development and initiatives of young people, and improve education and employment opportunities.

PRICE STABILITY

Turkish lira-denominated assets will be supported as the main store of value in the financial system.

The demand for housing, which contracted during the pandemic, will be increased, new social housing projects will be developed to compensate for the losses in the housing stock caused by the earthquake, and low-income citizens' access to housing will be increased.

Housing loans provided by the public sector will be extended to new housing projects for low - and middle-income citizens at a certain standard and affordable price range to support first-time home purchases.

BALANCE OF PAYMENTS

EU Customs Reform will be closely monitored and efforts will be made to comply with the Customs Law and to establish EU information systems.

Regulations will be implemented to expand the use of renewable energy in existing and newly established free zones and organized industrial zones, increase green and circular contributions, and ensure regional expansion of foreign direct investments in high technology fields.

Entrepreneurship companies will be supported with the technology fund, established under the Türkiye Wealth Fund.

International branding activities will be supported in areas with high export potential.

International promotional activities to increase exports of goods and services will be carried out effectively by using the "Discover Türkiye's Strength" logo.

Necessary legislative regulations will be put into practice which will stipulate various standards for service enhancement for the development of tourism will be implemented.

Developments and strengthening will be made in the field of electronic commerce to increase e-exports.

Production-Export-Import Consolidation Program will be prepared and implemented.

Efforts will be made to increase Türkiye's international visibility and strengthen its image.

By contributing to the work of various commercial and economic organizations, effectiveness will be increased in developments that may have effective consequences on national commercial and economic interests.

PUBLIC FINANCE

Budget discipline will be maintained in the public sector, except for earthquake and disaster risk expenditures.

The tax base will be broadened, ineffective exceptions, exemptions, and discounts will be removed, and the collection performance of public revenues will be improved.

Tax practices will be developed to capture the informality in digital activities and increase the attractiveness of the investment environment.

The resources of Social Assistance and Solidarity Incentive Fund will be utilized more effectively.

Legislative work will continue on transactions using virtual assets representing a digital value that can be traded and transferred digitally.

FINANCIAL STABILITY

Credit card usage will be rearranged in line with international standards in a way that will not affect monetary stability and balance consumption demand.

Compliance with the Basel III Final regulations on capital adequacy of the banking sector will be ensured.

Efforts will be made to introduce and popularize the digital Turkish lira.

New products and services will be developed in the field of green finance by raising awareness of Environmental, Social, and Governance (ESG) criteria.

By planning various regulations in Private Pension Systems, the amount of funds and the number of participants in the system will be increased.

Within the scope of the Istanbul Finance Center, fintechs operating on the basis of participation will be supported to create an innovative, inclusive, and dynamic participation finance ecosystem.

DISASTER MANAGEMENT

Priority will be given to projects aimed at the full normalization of socio-economic life in earthquake-affected provinces and compensation of earthquake damages through an effective coordination mechanism among institutions.

Support practices for the rapid recovery of investment-production-employment in the earthquake region and sustainability support practices will be continue throught the investment incentive package created for the region.

In order to accelerate transformation activities in cities and to support making cities more resilient against disasters, the transfer of Treasury immovables declared as reserve areas to implementing organizations will be ensured.

New industrial development areas and logistics lines will be established outside the regions with the high disaster risks, in order to reduce the density especially in the Marmara Region.

To ensure data analysis for early warning purposes, monitoring of disasters, command and dispatch; new technological opportunities will be utilized.

Necessary legislation on floods will be prepared and weather-based forecasting and early warning systems will be developed.

Disaster insurance covering all disaster hazards will be developed and made widespread, and effective monitoring of declaration and payment of compulsory earthquake insurance will be ensured.

Building completion insurance, professional liability insurance of persons and institutions involved in the building inspection process and building contractors' building liability insurance will be made widespread.

GREEN TRANSFORMATION

Preparation of basic legislation that will address climate change practices in a holistic manner will be completed.

Standards for recovered secondary products will be determined, an incentive and guidance system will be developed, and legislative regulations will be made.

The new Energy Efficiency Strategy Paper and the National Energy Efficiency Action Plan II will be implemented.

Regulations will be made to widespread the Nearly Zero Energy Buildings (NZEB) approach.

The legal infrastructure of the National Emissions Trading System (ETS) will be completed and developed in a structure compatible with the European Union Carbon Border Adjustment Mechanism, the transition period will be evaluated effectively and necessary preparations will be made for the financial obligation phase.

Regulations will be made to accelerate the banking sector's transition to sustainable banking practices and to manage financial risks arising from climate change.

DIGITAL TRANSFORMATION

In order to accelerate the transition to a data economy, data governance framework regulations and governance infrastructure will be established to determine data ownership and data sharing responsibilities, and technical methods. Data center and cloud computing investments will be supported.

Modernization and process improvements will be made for the effective use of new-generation technologies in digital government services, and infrastructure and human capital will be strengthened for this purpose.

Development of indigenous technologies for digital transformation such as artificial intelligence, big data, cloud computing, blockchain, cyber security, and cyber-physical systems in industry and service sectors will be supported.

A National Cyber Security Strategy and Action Plan for 2024-2027 will be prepared to increase the national cyber defense and cyber deterrence capability and to develop the capacity needed in these areas.

Mechanisms will be established to enable Turkish experts living abroad in the field of deep technology to start enterprises in Türkiye. Technological capability and investments in next-generation energy and transportation systems will be increased.

Measures will be taken to develop domestic technologies in the field of fintech by strengthening the digital finance infrastructure.

Platforms will be created to increase the competence of domestic software companies and support their cooperation.

Public service delivery will utilize open-source software and cloud computing tools.

In the area of quantum technologies, advanced researches will be carried out and this research will be applied to the industry.

Through blockchain-based smart contracts, securities will be exported and issuance processes will be digitalized.

BUSINESS AND INVESTMENT ENVIRONMENT

Necessary regulations will be made to develop angel investment and crowdfunding ecosystems.

The Coordination Board for Improvement of the Investment Environment will be more efficient and necessary legislative amendments will be made.

Efforts to ensure effective protection of intellectual property will be completed.

Efforts to harmonize the Law on the Protection of Personal Data with the EU acquis, in particular the European Union General Data Protection Regulation (GDPR), will be completed.