The Council of Ministers' Decree numbered 2012/2711, on the ratification of "The Amendments on the Convention Establishing the Multilateral Investment Guarantee Agency (MIGA)" was published in the Official Gazette dated February 1, 2012 and numbered 28191 and will be deemed as has been entered in fonrce as of November 14, 2010.

On January 27, 2012 Spanair declared that they have ceased all of their contemplated flights and on January 31, 2012 The Company applied to the commercial court of Barcelona in order to start the bankruptcy process.

The Decree of the Council of Ministers on the Deductions for the Resource Utilization Support Fund is published in the Official Gazette dated January 11, 2012 and numbered 28170 and accordingly came into force as of such date.

"The Draft as the Law Related to Amending on the Law on Check is Being Negotiated in the Turkish Grand National Assembly.

"Fee Tariff For Witnesses For The Year 2012" (The "Tariff") was Published in The Official Gazette Dated December 23, 2011 and Numbered 28151.

Cape Town Convention is Deemed to be Enforced as of December 1, 2011, Under the Decree of the Council of Ministers Published in the Official Gazette dated December 21, 2011 and Numbered 28149.

Lutfhansa Sold Its British Unit To International Airlines Group.

Record In The Number Of Airline Passengers.

Only Quarter of the Labor Force are Composed of Women Employees.

The Communique on the increase in lower limit of administrative fine provided under Article 16/1 of the Law on the Protection of the Competiton (the "Law"), to be effective until the date December 31, 2012 (the "Communique"), is published in the Official Gazette dated December 13, 2011 and numbered 28141.

The Regulation on the Rights of the Passengers Travelling by Air (the "Regulation") was published in the Official Gazette dated December 3, 2011 and numbered 28131.

Law on Occupational Health and Safety is on the Agenda.

Law on the endorsement of the ratificaion of "The Amendments on the Convention Establishing the Multilateral Investment Guarantee Agency (MIGA)" was published in the official gazette dated November 12, 2011 and numbered 28110.

Association of Progress-based Pharmaceutical Companies has been founded in Istanbul.

Law on the endorsement of the ratification of "The Convention Between the Republic of Turkey and the Czech Republic for the Promotion and Protection of Investments" has been enacted published in the Official Gazette dated October 22, 2011 and numbered 28092.

Law on the endorsement of the ratification of "The Convention Between the Republic of Turkey and the Swiss Confederation for the Avoidance of Double Taxation with Respect to Taxes on Income" has been enacted and published in the Official Gazette dated October 22, 2011 and numbered 28092.

Novo Nordisk has chosen Turkey for its drug researches on diabetes.

Free zone for healthcare services.

Shortening of the working hours is on the agenda.

"Information Partnership" with England will double the trade volume.

The Reciprocity requirement on sale of real property in Turkey to the foreigners will be annulled.

Republic of Turkey, Ministry of Science, Industry and Technology has been constituted.

French Parliament abolished the legislation on tax concession.

Boeing 787 has received flight certificate.

The Approval of Civil Aviation Directorate is no longer required for "Wet Lease"

First Step from THY Teknik A.S. for the Production of Aircraft.

Incorporation of Bursa Airlines.

Foreign Capital Inflow Reached to $6.9 Billion.

Three (3) Companies have participated in the aircraft tender of Turkish Aviation Association.

Sky Airlines has ceased its domestic flights.

Sanofi Pasteur's typhoid vaccine has been granted prequalification by the World Health Organization.

Eczacibasi Girisim and Pfizer Nutrition have agreed to cooperate with each other for the distribution of baby food.

Danish Novo Nordisk will collaborate with Kocaeli University on diabetic.

THK Gokcen Havacilik is planning sell and lease the ultralight planes manufactured by Tecnam.

MSD will start producing attenuated vaccine.

Biofarma has introduced two new medicines to the market.

Roche has made new drug application.

The Regulation on the Amendment to the Regulation on Post Sale Services for Industrial Goods has been published in the Official Gazette and will come into effect within one month.

The Law on the Amendment to the Certain Laws for Accelerating Judicial Services was published in the Official Gazette dated April 14, 2011.

The Law numbered 6215 on the Amendment on Certain Laws was published in the Official Gazette dated April 12, 2011 and numbered 27903.

The Constitutional Court has approved the claim of the 11th Court of First Instance of Ankara.

Tax Deduction for Leasing is on the Agenda.

The Draft Law on the Amendment on Certain Laws for Accelerating Judicial Services was sent to the Grand National Assembly of Turkey on March 16, 2011.

 Law on Restructuring the Certain Receivables and Amendment of Social Insurances and General Health Insurance Law and Other Certain Laws and Statutory Decrees was enter into force.

 Banks were under the obligation to pay TL 600 for each due cheque leaf in case of bouncing of a check having a value of TL600 or more. By the enactment of the Communiqué,the amount of payment responsibility of the banks has been increased to TL 650 from TL600.

 Amendment on the Communiqué on the Print Format of the Cheque Books, Amount the Banks are Responsible to Pay to Bearer of the Cheque and the Decleration of the Decisions on the Prohibition of Issuing Cheque and Opening the Cheque Account (No:2011/1) ("Communiqué")

 Draft Turkish Commercial Code has been adopted by the Grand National Assembly of Turkey. The new Turkish Commercial Code will enter into force on July 1, 2012.

 Draft Turkish Code of Obligations has been adopted by the Grand National Assembly of Turkey. The new Turkish Code of Obligations will enter into force on July 1, 2012.

 Pursuant to the Communiqué No: 2010/4 which was entered into force on 01.01.2011, in determining the anti-competitive consequences of a merger or acquisition transaction, instead of market share thresholds, the thresholds on the turnover will be taken into consideration.