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2010 ilerleme raporu - Avrupa Birliği Bakanlığı

2010 ilerleme raporu - Avrupa Birliği Bakanlığı

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accountability, efficiency and transparency of the budgeting process would benefit from a<br />

modernisation of the public audit, while the adoption of the draft Turkish Competition<br />

Authority Law would contribute to less opacity on state aids in public finances. The<br />

unification of all tax administration functions under the Revenue Administration announced<br />

earlier has not been implemented in full. This unification would strengthen the audit capacity<br />

and facilitate greater use of standard risk-based audit techniques, thereby enhancing<br />

transparency and providing significant support for reducing informality. Overall, measures to<br />

increase fiscal transparency were modest.<br />

Over the last few years, Turkey had successfully implemented a strong stabilisation<br />

programme and the resilience of the Turkish economy had benefited from in-depth structural<br />

reforms in many key areas, including banking, restructuring of enterprises and privatisation,<br />

education and energy. Although the financial crisis has hit the Turkish real economy hard, the<br />

earlier regulatory and supervisory reforms have paid off and growth resumed rapidly and<br />

strongly. Turkey’s fiscal and monetary policy mix proved successful during the crisis and<br />

adjustments are being made in order to benefit from the recovery. A new draft law<br />

establishing a fiscal anchor that has potential for considerably improving the fiscal<br />

performance over time, as well as removing the current pro-cyclical bias of fiscal policy, was<br />

submitted to parliament in mid-July, but its discussion was postponed. Making more progress<br />

with fiscal transparency, strengthening the inflation targeting and preserving financial stability<br />

will be important to minimise the risks of a boom-bust scenario. Overall, although the current<br />

policy mix has proved effective in recent months, macroeconomic stability remains<br />

vulnerable and could benefit from a stronger fiscal anchor.<br />

Interplay of market forces<br />

The government has confirmed the independence of the regulatory and surveillance agencies.<br />

But despite the regulatory framework, government authorities still tend to set the prices in<br />

some key areas, including in electricity and gas markets, and to a lesser extent in<br />

telecommunications and transportation, in particular in rail transportation. Liberalisation of<br />

backbone services has advanced significantly and prepared the ground for several successful<br />

privatisations in the energy sector. Indeed, Turkey continued its privatisation efforts in a more<br />

challenging and crisis-prone environment. Total privatisations completed decreased from €4.4<br />

billion (1% of GDP) in 2008 to €1.6 billion (0.4% of GDP) in 2009. A total of 106<br />

transactions were completed in 2009. Ongoing major privatisations include the transfer of<br />

operating rights for 52 small-scale hydropower plants plus the privatisation of four sugar<br />

companies, electricity distribution in 13 regions and three ports. Overall, some progress has<br />

been made on improving the interplay of market forces. Privatisation has advanced, albeit at a<br />

slower pace due to the worsening external environment.<br />

Market entry and exit<br />

In 2009, the economic circumstances had a major impact on market entry and exit. The<br />

number of newly established firms decreased by 10%, while the number of firms which were<br />

closed down increased by 8.5%. Foreign owners still face restrictions in various areas,<br />

including maritime transport, civil aviation, ground-handling, road transport, radio and TV<br />

broadcasting, energy, accountancy and education. Licensing procedures are relatively lengthy.<br />

For example, 25 different procedures are still needed in order to build a warehouse, from<br />

securing licences and permits to completing the necessary notifications and inspections and<br />

obtaining utility connections. Market exit is difficult too, as closing a business still takes 3.3<br />

years on average. Moreover, claimants recover only one fifth of their claims from insolvent<br />

EN 41 EN

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