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The following is a summary of recent developments:

  • The Constitutional Court has ruled that methods of privatization should be regulated by legislation passed by Parliament and not by administrative decisions.
  • Turkey has signed an agreement with the UK on the encouragement and protection of investments and another agreement with Croatia on cooperation in commercial and economic matters.
  • Turkey has signed the Agreement on Important International Combined Transport Lines and Related Installations (AGTC).
  • The Agricultural Bank of the Republic of Turkey has been permitted by the government to establish a joint venture bank in Macedonia.

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