Turkey Grants Sweeping Tax Breaks to Russia's Akkuyu Nuclear Power Plant Until 2045
6 Articles
6 Articles
Turkey grants sweeping tax breaks to Russia's Akkuyu Nuclear Power Plant until 2045
Levent Kenez/Stockholm The Turkish Parliament has approved legislation granting extensive tax exemptions to nuclear power operators through the end of 2045, a move expected to provide significant financial benefits to the Russian state-owned company building and operating the Akkuyu Nuclear Power Plant on the Mediterranean coast. The measures, adopted as last-minute amendments to a broader omnibus economic bill, exempt eligible nuclear operators…
CHP Zonguldak MP Deniz Yavuzyılmaz argued that the regulations concerning the Akkuyu Nuclear Power Plant in the bill being discussed in the Turkish Grand National Assembly grant new privileges to Russia. Yavuzyılmaz claimed that the incentives provided to date have reached $9.819 billion, and that the new regulations would impose an additional burden of approximately $5 billion on Türkiye.
Ziraat Teknoloji A.Ş., a subsidiary of Ziraat Bank, awarded a 3.777 billion TL tender to a company owned by Fatih Erdoğan, the husband of AKP Member of Parliament Asuman Erdoğan.
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Speaking in the Grand Assembly of the Turkish Parliament, CHP Zonguldak MP Deniz Yavuzyılmaz revealed the exemptions and privileges granted to the Akkuyu Nuclear Power Plant using confidential documents, stating that Russia has received incentives totaling $9.8 billion to date.
The 3.7 billion TL tender organized by Ziraat Teknoloji A.Ş. for the construction of its service building in Ankara was awarded to Pasifik Gayrimenkul Yatırım İnşaat A.Ş., owned by Fatih Erdoğan, the husband of AKP Member of Parliament Asuman Erdoğan.
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