Communiqué on Updating the Monetary Limits Regarding the Announcements of Sales to be Made Pursuant to the Execution and Bankruptcy Law was published in the Official Gazette numbered 32438 on January 23, 2024.

With the related Communiqué, the monetary limits in the third paragraph of Article 12 of the Regulation on the Procedure of Electronic Sales Pursuant to the Execution and Bankruptcy Law published in the Official Gazette dated March 8, 2022 and numbered 31772 ("Sales Procedure Regulation") (In Turkish) were updated by taking into account the PPI rates.

This Regulation covers the principles regarding the support programmes established by KOSGEB for enterprises and entrepreneurs, technology centres, consultancy centres, institutes and stakeholder organisations operating to ensure the development of enterprises and entrepreneurs.

In the Official Gazette dated January 2, 2024 and numbered 32417, a Communiqué was published by the Central Bank of the Republic of Türkiye.

The purpose of the Communiqué is to announce the default interest rate and minimum compensation amount for late payments made to the creditor pursuant to Article 1530, Paragraph 7 of the Turkish Commercial Code.

With the Presidential Decree numbered 7887 published in the Official Gazette dated November 25, 2023 Saturday and numbered 32380, it was decided to put into effect the decision on increasing the minimum capital amount for joint stock and limited liability companies.

With the relevant decision;