The new incentive system is being announced today; grant support will take priority, while tax incentives will be reduced.

Foreks - The long-awaited new incentive system will be announced to the public today with the participation of President Recep Tayyip Erdoğan.

According to a report by Hüseyin Gökçe from the Economy section, the new system will emphasize grant support while reducing tax incentives. The sectors to be supported will be determined by region, based on data from development agencies regarding which industries will receive support. In the meeting, detailed information will be provided about the HIT 30 system, which includes support for technology investments up to $30 billion by 2030. Due to excessive demand in the solar energy sector, which is projected to have an investment size of $2.5 billion in this category, applications have been halted.