As known, with the Presidential Decree dated 24 November 2023 and numbered 7887 which was published in the Official Gazette on 25 November 2023, i) the minimum principal capital requirement of TRY 50,000.00 for joint stock companies (“JSC”) was increased to TRY 250,000.00, ii) the minimum registered capital of TRY 100,000.00 was increased to TRY

Minimum wage for 2024 has been determined According to the decision of the Minimum Wage Determination Commission (“Commission“) which was published in the Official Gazette dated 30.12.2023, and numbered 32415, the minimum wage to be applied from 01.01.2024, was determined as net TRY 17,002 (gross TRY 20,002.50). This amount will remain valid until 31.12.2024, unless