Sunday, 1 November 2026Independent English edition
5 STORIES · 60 SECONDS

Today in Turkey

The day’s essentials, explained clearly and without information overload.

  1. Turkey Compass timetable graphic for six daily Çerkezköy–Edirne fast trains starting 10 October 202601
    Flights & TransportÇerkezköy–Edirne fast trains begin: six daily services, no new border train

    TCDD has started three trains each way between Çerkezköy and Edirne. The 54-minute domestic service does not yet create a new direct Istanbul–Bulgaria train.

    Read · 6 min read →
  2. Turkey Compass chart of petrol and diesel prices in Istanbul, Ankara and Izmir on 10 October 202602
    Life in TurkeyTurkey fuel prices on 10 October: diesel nears TRY98 while petrol eases

    Petrol Ofisi’s live table confirms diesel at TRY96.50–98.00 in Istanbul, Ankara and İzmir, while petrol is TRY83.60–85.10. These are location-sensitive recommended prices, not a single state-set tariff.

    Read · 5 min read →
  3. Turkey Compass fact-check graphic showing an electronic wallet, the CBRT decision and a licence status changing to revoked03
    Economy & MoneyTurkey revokes Parakolay’s e-money licence: what users should verify

    The central bank decision removes Parakolay’s authority as an electronic-money institution. The Gazette gives no reason, refund calendar or account-migration plan, while official web listings had not fully caught up early on 10 October.

    Read · 6 min read →
  4. Turkey Compass graphic showing a Turkish company ledger, foreign-currency exposure and the TCC Article 376 deadline moving to 1 January 202804
    Business & InvestmentTurkey extends TCC Article 376 balance-sheet relief to 2028

    Companies may continue using the temporary calculation option for capital-loss and balance-sheet insolvency tests until 1 January 2028. The change extends a deadline; it does not cancel losses or directors’ duties.

    Read · 6 min read →
  5. Turkey Compass infographic showing 62 percent of household energy used for heating and the main energy sources in Turkey in 202505
    Life in TurkeyHeating used 62% of household energy in Turkey in 2025

    New TurkStat data show natural gas supplied 52.1% of household final energy and space heating was the largest use—useful context for renters and home buyers comparing running costs.

    Read · 5 min read →
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LATEST STORIES

News, analysis and guides

Every report answers two questions: what happened, and why does it matter?

Turkey Compass chart showing Turkey industrial production down 1.9% annually and 1.0% monthly in August 2026, with manufacturing down and mining and energy upEditorial visual
Business & Investment

Turkey's industrial output fell 1.9% in August as manufacturing weakened

Industrial production declined 1.0% from July and 1.9% from a year earlier. Manufacturing fell while mining and energy rose, leaving investors with a split—not uniform—signal.

Turkey Compass data graphic showing August 2026 construction costs up 2.04% monthly and 29.59% annually, with materials leading the monthly increaseEditorial visual
Real Estate

Turkey's construction costs accelerated in August: materials drove the monthly increase

The TÜİK index rose 2.04% in August and 29.59% over twelve months. Materials climbed 2.73% in one month, but the release is not a forecast for home prices.

Turkey Compass chart of Turkey's September 2026 real returns, showing DİBS leading monthly, deposits over six months and gold annuallyEditorial visual
Economy & Money

Turkey's September real returns: government debt led the month, deposits the medium term

DİBS delivered a 1.40% CPI-adjusted monthly return, while gross deposits led over three and six months and bullion gold remained the twelve-month leader.

Turkey Compass data graphic showing more than 10,000 IAC 2026 participants from 111 countries and an organiser estimate of about 20 million euros for AntalyaEditorial visual
Travel & Tourism

Antalya's IAC 2026 drew 10,000 people as organiser estimates €20m local impact

The five-day space congress brought participants from 111 countries to Antalya. The €20 million figure is an organiser estimate, not an audited official economic-impact result.

Turkey Compass data graphic comparing Turkey's Q4 2026 export expectations index of 96.9 and import expectations index of 115.4 against the neutral level of 100Editorial visual
Business & Investment

Turkey's Q4 trade survey sends a split signal on exports and imports

The export expectations index fell below neutral to 96.9, while the import index rose to 115.4. The survey is a sentiment indicator, not a trade forecast.

Turkey Compass service graphic showing the MERSİS maintenance window on 9 October 2026 from 19:00 to 21:00Editorial visual
Business & Investment

Turkey's MERSİS company registry to go offline for two hours on Friday

The Trade Ministry says MERSİS and every connected application will be unavailable from 19:00 to 21:00 on 9 October.

Turkey Compass explainer showing a Turkish residence certificate moving through the official e-Apostille route for use abroadEditorial visual
Laws & Residence

Turkey adds residence certificates to e-Apostille: what changed for documents used abroad

The official PTT route now includes the Turkish residence certificate. Applicants should still check the receiving country's format and translation rules.

Turkey Compass emergency information graphic locating Cevizli in Maltepe and summarising the confirmed building collapse responseEditorial visual
Cities of Turkey

Maltepe collapse: search completed with five dead and ten rescued alive

Search and rescue has ended after crews recovered five people dead and rescued ten alive. Three neighbouring buildings and 55 residents remain part of the safety response.

Turkey Compass chart showing Turkey retaining FTSE Advanced Emerging status and staying off the watch listEditorial visual
Economy & Money

Turkey keeps FTSE Advanced Emerging status and avoids the watch list

FTSE Russell left Turkey's market classification unchanged, while talks continue over the detail behind published free-float figures.

Turkey Compass explainer showing a booking-platform bill at committee stage, not yet lawEditorial visual
Travel & Tourism

Turkey committee backs rules for foreign booking platforms — but the bill is not law yet

The proposal would require a Turkish permit and local representative, with access blocking possible for unlicensed services if Parliament enacts it.

Turkey Compass explainer comparing the new TRY 370,000 and TRY 30,000 customer-identification thresholdsEditorial visual
Economy & Money

Turkey doubles key customer-ID thresholds to TRY 370,000 and TRY 30,000

The new rules raise transaction and transfer thresholds, while allowing banks to omit a signature specimen after specified digital verification.

Turkey Compass graphic showing a personalised Istanbulkart and free Istanbul public transport on 6 OctoberEditorial visual
Flights & Transport

Istanbul public transport is free on 6 October—but only with a personalised Istanbulkart

The one-day offer marks the anniversary of Istanbul's liberation. Airport buses, the Tünel, the nostalgic tram and several other services are excluded.

Explanatory graphic showing a Turkish industrial facility, two monthly compliance days and the 1 January 2027 contract deadlineEditorial visual
Business & Investment

Turkey changes environmental-management service rules for regulated businesses

A regulation published on 6 October sets minimum monthly service days, revises fee floors and gives many existing contracts until 1 January 2027 to be aligned.

Turkey Compass explainer showing e-Devlet insurance access to claim reports, fault ratios and policy historyEditorial visual
Life in Turkey

Turkey expands e-Devlet insurance records: claim reports, fault ratios and policy history move into one view

The upgraded ‘My Private Insurance’ area can show adjuster reports, accident records, fault ratios, current and past policies, and renewal alerts.

Turkey Compass chart showing September 2026 inflation at 29.73% annually and 1.84% monthlyEditorial visual
Economy & Money

Turkey’s annual inflation fell below 30% in September, but housing costs still rose fastest

CPI increased 1.84% in September and 29.73% over twelve months. Housing and transport remained well above the headline rate, which matters for residents and investors.

Turkey Compass graphic showing the expanded heavy-rain warnings for eastern Turkey, Hatay and Osmaniye on 6 OctoberEditorial visual
Flights & Transport

Eastern Turkey heavy-rain alert expands for 6 October

MGM has widened its alert to parts of eastern and southeastern Turkey, while a separate warning covers coastal Hatay and southern and eastern Osmaniye.

Corrected timeline of six main earthquakes in Saimbeyli on 4–5 October 2026Editorial visual
Life in Turkey

AFAD report places magnitude-5.2 mainshock in Saimbeyli as aftershocks continue

AFAD's preliminary report identifies Saimbeyli, Adana, as the epicentre of Sunday's magnitude-5.2 mainshock. A magnitude-4.1 event followed overnight at 01:51.

Turkey Compass fact-check graphic showing that YTM asset protection dates to 2012 and was not first introduced in July 2026Editorial visual
Economy & Money

Fact-check: Turkey's investor compensation fund protection did not start in July 2026

SPK says the protection of the Investor Compensation Center's assets dates to the 2012 Capital Markets Law and subsequent regulations—not a new July 2026 rule.

Turkey Compass graphic comparing Turkey's standard 35% margin-maintenance equity ratio with the temporary 20% option extended to October 30, 2026Editorial visual
Economy & Money

SPK keeps Turkey's relaxed margin-maintenance ratio until October 30

Brokerages may continue applying a 20% minimum maintenance-equity ratio instead of the standard 35% to eligible margin positions, but only when their own risk policies permit it.

Turkey Compass data graphic showing Turkey's September 2026 exports, imports, goods deficit and export coverage ratioEditorial visual
Business & Investment

Turkey's September exports jump 15.4% as the goods deficit narrows

Exports reached $25.976bn while the monthly trade deficit fell 24.8% to $5.232bn. Intermediate and capital goods led the export increase.

International resident reviewing a Turkish credit-card statement with a bank adviserEditorial visual
Economy & Money

Turkey raises the credit-card minimum-payment threshold and revises phone-loan terms

Cards with limits up to TRY 100,000 now use a 20% minimum-payment ratio. New and refurbished phones have different 12-month loan thresholds.

Pharmacist in Turkey comparing medicine packages beside a digital reimbursement calculation screenEditorial visual
Life in Turkey

Turkey changes how SGK calculates medicine reimbursement — what residents should know

A 3 October regulation introduces a 1% market-share test and greater use of Medula data in reimbursement calculations. It does not announce a new patient copayment or a list of medicines losing coverage.

Turkey Compass travel alert showing Ephesus night visits paused on 3 October while other published night-museum dates continueEditorial visual
Travel & Tourism

Ephesus pauses night visits on 3 October; the wider programme continues

The Culture Ministry has suspended Ephesus night-museum access for one evening on 3 October. The notice does not announce a daytime closure or cancel the programme's other dates.

Turkey Compass diagram showing the new Turkish flight-inspection framework covering satellite navigation, radar, ground-based aids and runway approach lightsEditorial visual
Flights & Transport

Turkey expands flight-inspection rules to satellite navigation and surveillance systems

The new SHY-UK regulation covers GNSS, radar and visual approach aids as well as ground-based navigation. Operators have two years to align their procedures and authorisations.

Turkey Compass verification graphic showing a fake aid request using a TOKİ manager's name being stopped and checked through an official channelEditorial visual
Real Estate

TOKİ warns contractors about fake aid requests using managers' names

Turkey's public housing authority says its managers do not solicit aid and has warned contractors and consultancy firms not to trust requests made in their names.

Data graphic comparing AI adoption among people and enterprises in Turkey in 2025 and 2026Editorial visual
Business & Investment

AI use in Turkey nearly doubles among people and businesses

TÜİK says generative-AI use reached 37.6% of people aged 16–74, while 14% of enterprises with at least 10 employees used an AI technology. The business figure does not cover micro-enterprises.

International client reviewing inheritance and identity documents in a Turkish notary officeEditorial visual
Law & Residency

Turkey updates notary documents for parents, guardians and heirs

Rules effective 2 October specify the records a parent, guardian, trustee or heir must show when acting at a notary. They do not replace the usual documents for every property sale or residence application.

Organised coastal water-sports route and check-in point in TurkeyEditorial visual
Travel & Tourism

Turkey changes how sport-tourism routes and contact points can be allocated

A regulation effective 2 October allows qualifying route areas and contact points to be allocated to the Tourism Ministry and leased through revenue-sharing protocols. It does not itself open a new route or grant an operator permit.

Original editorial image of Turkish and Ukrainian flags at a Black Sea container portEditorial visual
Economy & Money

Türkiye–Ukraine free trade deal is in force: tariffs start in 2027

The agreement took effect on 1 October 2026, but its goods-tariff provisions begin on 1 January 2027. Services, investment, e-commerce and transport rules are also covered.

Original editorial image of the Karaelmas tourist train departing Ankara at nightEditorial visual
Flights & Transport

Karaelmas Express starts 2026 season: the Ankara–Zonguldak plan

The tourist sleeper train begins on 2 October with four autumn tour dates, 120 places and long sightseeing stops in the Western Black Sea region.

Original editorial illustration of an international teacher holding a transit card beside an Ankara city busEditorial visual
Flights & Transport

Ankara launches 100-ride teacher pass: what foreign educators should verify

The TRY 1,300 pass is valid for 30 days on central EGO buses, Metro, ANKARAY and Başkentray, but excludes private buses and outer-district fare lines.

Turkey Compass fact-check graphic for the kilometre EV tax, public fund levy and Istanbul station sale claimsEditorial visual
Living in Turkey

Turkey fact check: no kilometre EV tax, no public fund levy, stations not sold

Official Bulletin No. 215 rejects six circulating claims. The practical takeaways concern electric cars, public charges, Istanbul rail stations, finance and an earthquake image.

Turkey Compass diagram showing specified shareholder rights at three Turkish investment banks moving under TMSF control and two factoring share-transfer ordersEditorial visual
Economy & Money

BDDK puts shareholder rights at three investment banks under TMSF control

The measure covers specified non-dividend rights at Destek, Hedef and Tera investment banks. It is not a licence-revocation notice; two factoring companies also face six-month share-transfer orders.

Turkey Compass explainer showing that SPK voluntary repayment accounts return excessive gains to fund liquidation estates and are not investor claim accountsEditorial visual
Economy & Money

SPK opens voluntary repayment accounts linked to 131 liquidating funds

The new accounts let people who made excessive gains before liquidation voluntarily return them. They are not claim accounts for ordinary fundholders, and investors should not send money to them.

Turkey Compass chart showing Turkey's 2025 government deficit at 0.9% of GDP and gross debt at 23.7%Editorial visual
Economy & Money

Turkey's government deficit narrowed to 0.9% of GDP in 2025

TÜİK puts the 2025 general-government deficit at TL600.4bn, down from 3.4% to 0.9% of GDP. Gross debt nevertheless rose to 23.7% of GDP.

Turkey Compass chart explaining Turkey's 4,000 kWh annual residential electricity threshold and the 1 October 2026 tariff start exampleEditorial visual
Life in Turkey

Turkey's high-use electricity tariff reaches a new group on 1 October

Homes that first crossed 4,000 kWh by the 31 July meter reading can move to the market-linked tariff from 1 October. This is not a general price rise for every household.

Turkey Compass chart showing Turkey's 95-octane gasoline excise amount at TRY7.90 in October, TRY11.36 in November and TRY14.8277 from December 2026Editorial visual
Economy & Money

Turkey sets two-stage gasoline excise rise for November and December

The excise amount on 95-octane petrol rises from TRY7.90 to TRY11.36 per litre on 1 November and to TRY14.8277 on 1 December. The decision does not fix the final pump price.

Turkey Compass ferry timetable graphic showing Bozcaada and Gökçeada departures from 5 October 2026Editorial visual
Flights & Transport

GESTAŞ changes Çanakkale, Bozcaada and Gökçeada ferry times from 5 October

The winter timetable reduces island sailings and removes several late Strait departures. Weekend-only late ferries remain on the Bozcaada route.

Turkey Compass data chart showing annual growth of M3 at 32.3%, M1 at 39.3%, household credit at 37.8% and non-financial company credit at 34.7% in August 2026Editorial visual
Economy & Money

Turkey's broad money grew 32.3% as household credit growth slowed

M3 reached TRY32.5 trillion in August and rose 3.9% in one month. Household lending still grew 37.8% annually, but its pace fell by 3.8 percentage points.

Turkey Compass chart showing Turkey's annual service producer price rise of 33.29%, with transport at 40.07%, accommodation at 27.53% and real-estate services at 21.71%Editorial visual
Economy & Money

Turkey's service producer prices rose 33.29% — transport costs led the main groups

The August index gained 2.87% in one month. Transport and storage rose 40.07% annually, while accommodation and food services increased 27.53%.

Turkey Compass chart comparing Turkey's August 2026 unemployment rate of 7.8% with labour underutilisation of 31.0%Editorial visual
Life in Turkey

Turkey's unemployment rate fell to 7.8%, while labour underutilisation rose to 31%

August brought 136,000 more employed people and 106,000 fewer unemployed, but the broader underutilisation measure moved in the opposite direction.

Turkey Compass legal timeline showing the Constitutional Court decision, a nine-month transition and the legislative checkpoint for poverty alimonyEditorial visual
Law & Residence

Turkey strikes down 'indefinite' alimony wording — but not yet

The Constitutional Court annulled the words allowing poverty alimony to be sought indefinitely. The ruling takes effect nine months after publication, while alimony itself remains in Turkish law.

Turkey Compass flow chart showing the wider choice of authorised property valuation companies for Turkish citizenship applicationsEditorial visual
Real Estate & Investment

Turkey widens property-appraisal choice for citizenship applications

TKGM updated its 2024/2 and 2024/4 circulars: qualifying SPK-authorised valuation companies can now prepare reports for property-based citizenship cases, ending the GEDAŞ-only model.

Turkey Compass chart of expected schooling in Turkey in 2025, with national, gender and provincial figuresEditorial visual
Life in Turkey

Turkey's expected schooling fell to 16.8 years — what foreign families should know

TÜİK's 2025 indicator declined from 17.2 years. Istanbul recorded 18.4 years, but the measure excludes foreign students and is not a school-quality ranking.

Turkey Compass chart showing Turkey's economic confidence at 101.3 in September 2026 and its five componentsEditorial visual
Economy & Money

Turkey's economic confidence rose to 101.3 — but the September picture is uneven

The composite index gained 0.7% from 100.6 in August. Consumer and retail confidence improved, while construction remained firmly below the neutral line.

Turkey Compass graphic separating SPK's TRHOL criminal-complaint decisions, two-year trading bans and temporary licence cancellationsEditorial visual
Economy & Money

SPK orders TRHOL trading bans after review: what the 28 September bulletin says

SPK decided to file criminal complaints against 37 people after examining TRHOL transactions, listed two firms and 37 people under two-year trading prohibitions, and cancelled 23 individuals' licences for the ban period. These are regulatory decisions, not court convictions.

Turkey Compass graphic showing the 10% FX ratio, 3% temporary support rate and TRY 100 million annual cap from 1 October 2026Editorial visual
Economy & Money

Turkey resets FX conversion support from 1 October: the new tests for companies

The one-month no-FX-purchase pledge gives way to a 10% liquid-FX ratio. Export suppliers and tourism facilities can qualify through intermediary firms, while the temporary support rate remains 3%.

Turkey Compass chart comparing Turkey's services, retail and construction confidence indices in September 2026Editorial visual
Business & Investment

Turkey's retail confidence rose in September as construction stayed cautious

Retail confidence increased 1.1% to 111.3 and services held at 111.9. Construction slipped to 83.0 even as current orders improved.

Turkey Compass graphic explaining Türkiye's green-taxonomy tests, reporting metrics and 2029 transitionEditorial visual
Business & Investment

Türkiye's green taxonomy is now in force — mandatory finance reporting waits until 2029

The new regulation creates a national classification for sustainable activities and disclosure metrics. It is effective now, but regulated financial institutions receive a reporting transition until 1 January 2029.

Turkey Compass graphic explaining SPK's suspension of the total-cost ceiling for qualifying share buybacks on 22 September 2026Editorial visual
Economy & Money

SPK lifts another cap on Turkish share buybacks: what changed on 22 September

SPK has suspended the total-cost ceiling tied to distributable resources for buybacks made under its March 2025 framework. The decision expands flexibility, but it is not a buyback order or a promise of higher share prices.

Turkey Compass graphic showing the 21–50 kg per square metre heavy-rain warning for Ankara and five other central Turkish provincesEditorial visual
Flights & Transport

Heavy rain warning for Ankara and central Turkey through Monday afternoon

MGM warning No. 478 forecasts local totals of 21–50 kg/m² in six central provinces from 22:00 Sunday to 14:00 Monday, with flash-flood and transport risks.

Turkey Compass chart comparing Turkey's $25.746 billion first-half tourism revenue with its $65 billion 2026 targetEditorial visual
Travel & Tourism

Turkey sets a $65bn tourism-revenue target after earning $25.7bn in the first half

The first-half figure is recorded revenue; $65 billion is a year-end target. Reaching it would require about $39.3 billion in the second half, which includes the peak summer quarter.

Turkey Compass graphic showing 3 October ferry cancellations and a force-8 Marmara storm forecastEditorial visual
Flights & Transport

Turkey ferry cancellations widen on 3 October as Marmara storm hits

GESTAŞ has cancelled 24 island departures, BUDO 12 sailings and Istanbul City Lines two pier calls on 3 October; four Gökçeada sailings are already cancelled for Sunday.

Turkey Compass chart showing Turkey's consumer confidence index rising from 90.8 to 91.9 in September 2026, below the neutral 100 lineEditorial visual
Economy & Money

Turkey's consumer confidence rose to 91.9 in September, but stayed below neutral

The index increased from 90.8 in August to 91.9 in September. The 1.2% monthly rise signals improving sentiment, not broad consumer optimism or a forecast of spending growth.

Turkey Compass explanatory graphic of the newly identified Kadesh Peace Treaty tablet fragment from HattusaEditorial visual
Travel & Tourism

New Hattusa tablet fragment identified as part of the Kadesh Peace Treaty

A year of analysis linked the Akkadian fragment to treaty clauses on people fleeing between Egypt and Hatti. The ministry has not announced that it is on public display.

Turkey Compass graphic showing 90-lira cinema tickets in 75 provinces on 26 and 27 September 2026Editorial visual
Life in Turkey

Cinema tickets set at 90 lira across 75 Turkish provinces for two days

About 1,500 screens will join the 26–27 September festival. Residents and visitors should still check the participating cinema, session, language and seat availability before travelling.

Turkey Compass chart showing Turkey's seasonally adjusted real sector confidence index at 102.5 in September 2026Editorial visual
Economy & Money

Turkey's factory confidence edged up to 102.5 in September

The adjusted index rose 0.1 point and stayed above the neutral 100 line. Export-order and production expectations weakened, while employment expectations improved.

Turkey Compass chart showing Turkey's seasonally adjusted manufacturing capacity utilisation rising from 73.5% in August to 74.1% in September 2026Editorial visual
Economy & Money

Turkey's factory capacity use rose to 74.1% in September

The seasonally adjusted rate increased by 0.6 percentage points from August. The survey covers 1,982 manufacturers and signals activity, not company profits or GDP growth.

Turkey Compass graphic showing overnight Eurasia Tunnel lane works and Galata and Atatürk bridge closuresEditorial visual
Flights & Transport

Istanbul overnight traffic: Eurasia Tunnel lane works and bridge closures

One lane in each direction of the Eurasia Tunnel will close overnight for maintenance; Galata and Atatürk bridges close from 02:30 to 03:30.

Turkey Compass graphic explaining the TRY 2,645.06 plus VAT travel charge for regulated property appraisals in TurkeyEditorial visual
Real Estate

Turkey sets TRY 2,645 plus VAT travel charge for regulated property appraisals

TDUB Circular No. 9 introduces a fixed minimum travel charge per report for valuations ordered within specified banking and capital-market rules.

Turkey Compass severe rain alert for Rize, Artvin, Trabzon and Giresun on 19 September 2026Editorial visual
Flights & Transport

Rize–Artvin severe-rain warning has expired; MGM lists no active warning

MGM warning No. 464 ended at 15:00 on 19 September. The agency listed no active meteorological warning on the afternoon of 20 September.

Turkey Compass explainer mapping Turkey's 2030 smart-cities priorities: integrated services, data and AI, digital security and local implementationEditorial visual
Life in Turkey

Turkey launches its 2030 smart-cities framework: what changes now — and what does not

Presidential Circular 2026/11 prioritises integrated city services, data governance, AI-assisted decisions and digital security. It does not yet announce a city-by-city service launch or require residents to use a new app.

Turkey Compass explainer showing BDDK Decision 11572, the Bank Mellat Turkey licence withdrawal and the customer verification stepsEditorial visual
Economy & Money

Turkey withdraws Bank Mellat's operating licence: what customers should verify

BDDK Decision 11572 removes the licence of Bank Mellat's Turkey branch operation. The notice does not set an individual payout date or say that every customer balance is lost.

Turkey Compass chart showing Turkey's short-term external debt at 177.1 billion dollars and debt due within one year at 248.1 billion dollars in July 2026Editorial visual
Economy & Money

Turkey's short-term external debt rose 3.8% in July: what the $248.1bn maturity figure means

The original-maturity stock reached $177.1bn, while liabilities due within one year totalled $248.1bn. The two measures answer different questions and neither is a default forecast.

Turkey Compass storm alert graphic for coastal Mersin, Adana and Hatay on 18 September 2026Editorial visual
Flights & Transport

Storm warning covers the Mersin, Adana and Hatay coast until 17:00

MGM warns of locally strong thunderstorms, flash flooding and transport disruption along parts of Turkey's eastern Mediterranean coast on 18 September.

Turkey Compass travel graphic showing the Spanish Super Cup's three February 2027 match dates and three Istanbul stadiumsEditorial visual
Travel & Tourism

Spanish Super Cup in Istanbul: dates, stadiums and the travel planning gap

Barcelona, Atlético, Real Sociedad and Real Madrid will play across three Istanbul stadiums on 2, 3 and 6 February 2027; official ticket details are still pending.

Turkey Compass graphic showing Turkey's AI literacy programme linking 5.2 million middle-school pupils, classroom activities, teacher guides and ethical useEditorial visual
Living in Turkey

Turkey launches AI literacy programme for 5.2 million middle-school pupils

MEB says the programme will bring age-appropriate AI activities, teacher guides and training to Turkey's middle-school system, with nationwide reach as the goal.

Turkey Compass graphic showing Bill 2/3939 in committee and a proposed interim advance up to TRY 1 millionEditorial visual
Economy & Money

Turkish fund bill proposes interim payments up to TRY 1 million

Bill No. 2/3939 is in parliamentary committee. It would create a special liquidation and recovery framework for unfinished cases; it is not yet law or a payment date.

Turkey Compass diagram showing that Decision 11787 covers mapped coordinates in 27 provinces and does not automatically grant title or zoningEditorial visual
Real Estate

Turkey removes specified sites in 27 provinces from forest boundaries — what property buyers must verify

Decision 11787 applies only to coordinates in its annexes. It does not by itself grant title, zoning permission, a building licence or a right to buy.

Original Turkey Compass diagram showing TCMB's three Turkish-lira liquidity measures announced on 17 September 2026Editorial visual
Economy & Money

TCMB expands Turkish-lira liquidity tools after market volatility

The central bank will increase weekly repo funding, update banks' borrowing limits and reduce collateral haircuts. It did not change the policy rate.

Turkey Compass alert graphic listing the seven provinces covered by Turkey's heavy rain warning on 17 September 2026Editorial visual
Flights & Transport

Heavy rain warning covers seven Turkish provinces through 23:00

MGM warns of local flooding and travel disruption in Muğla, western Antalya, Isparta, Burdur, Uşak, Afyonkarahisar and Denizli on 17 September.

Original Turkey Compass chart showing August 2026 home sales, mortgage transactions and the foreign-buyer share in TurkeyEditorial visual
Real Estate

Turkey home sales fell 14.7% in August while mortgaged deals increased

TÜİK recorded 127,410 home sales in August. Foreign buyers accounted for 1,938 transactions, or 1.5% of the national total.

Original Turkey Compass market timeline showing the BIST 100 circuit breaker and the staged resumption of trading on 16 September 2026Editorial visual
Economy & Money

Borsa Istanbul triggered a market-wide circuit breaker after the BIST 100 fell more than 6%

Trading was paused at 16:04 and resumed at 16:24 on 16 September. The mechanism slows a sharp sell-off; it does not cancel trades or guarantee a rebound.

Original Turkey Compass route-board graphic for AJet's 250,000-seat international sale with booking and travel datesEditorial visual
Aviation

AJet puts 250,000 international seats on sale: routes, dates and exclusions

Booking closes at 23:59 on 18 September. Selected direct flights run from 5 October 2026 to 4 March 2027, with separate holiday blackout periods for inbound and outbound travel.

Turkey Compass diagram showing the mandatory property Secure Payment System postponed to 1 December 2026Editorial visual
Real Estate

Turkey postpones mandatory secure property payments to 1 December

The Ministry of Trade moved the compulsory start from 1 October to 1 December 2026 while bank and Land Registry integrations are completed. A pilot is planned after bank systems are ready.

Turkey Compass chart showing Turkey home prices up 23 percent nominally and down 6.5 percent in real terms, with new rents up 26.4 percent in August 2026Editorial visual
Real Estate

Turkey home prices rose 23% annually, but fell 6.5% in real terms

TCMB's August index also shows new-tenant rents up 26.4% nationally. Istanbul led rent growth at 34.5%, while national home prices increased 0.9% over the month.

Turkey Compass explainer showing Turkey's three döner labels, poultry fat limit and the 31 March 2027 compliance dateEditorial visual
Life in Turkey

Turkey's new döner rules require clearer types and tighter poultry limits

A new food-codex communiqué defines leaf, minced and mixed döner, lowers the poultry-döner fat ceiling to 15% and expands label disclosures. Existing operators have until 31 March 2027 to comply.

Turkey Compass chart showing Turkey construction output down 4.7% annually, buildings down 8% and infrastructure up 14% in July 2026Editorial visual
Real Estate

Turkey's construction output fell 4.7% as infrastructure and buildings diverged

July's building output was 8% lower than a year earlier, while civil engineering rose 14%. The monthly total increased 1.1%, making this a mixed pipeline signal rather than a house-price forecast.

Turkey Compass timeline of Turkey's 2026–27 school year with opening, two breaks, semester holiday and closing dateEditorial visual
Living in Turkey

Turkey's 2026–27 school year begins: the dates international families need

Classes started on 14 September; MEB has set two mid-term breaks, a 25 January–5 February semester holiday and a 25 June finish.

Original Turkey Compass illustration of a gastropod fossil between Tethys Sea layers and the Külhöyük excavation gridEditorial visual
Travel & Tourism

A 66-million-year-old fossil found at Ankara's Külhöyük raises a new archaeological question

The gastropod fossil predates the 5,000-year-old settlement by millions of years and may have been carried there by its ancient inhabitants.

Turkey Compass graphic explaining AJet's 30 percent domestic-flight discount, booking deadline and blackout datesEditorial visual
Aviation

AJet opens a 30% domestic-flight sale: booking deadline and blackout dates

Tickets must be bought by 23:59 on 15 September for eligible domestic travel from 5 October 2026 to 15 January 2027. Three holiday periods are excluded.

Turkey Compass runway-layout graphic showing Istanbul Airport's fourth main runway opened on 18 September 2026Editorial visual
Flights & Transport

Istanbul Airport opens fourth main runway: first departure operated to Helsinki

The airport's first east–west runway entered service on 18 September with Turkish Airlines flight TK1763 to Helsinki. The infrastructure may improve flexibility, but it does not announce new routes or guarantee shorter journeys.

Turkey Compass data graphic showing 323 suspects, 106 arrests and four categories in Turkey's summer 2026 tourism-security operationsEditorial visual
Travel & Tourism

Turkey reports 106 arrests in summer tourism-security cases: what the figures show

Authorities processed 323 suspects in 164 incidents and investigations across 16 provinces in June–August. The release does not identify the provinces or establish a destination risk ranking.

Turkey Compass programme graphic for the 2026 Aspendos Opera and Ballet FestivalEditorial visual
Travel & Tourism

Aspendos festival opens tonight: the six-performance programme through 26 September

Attila opens the 33rd International Aspendos Opera and Ballet Festival on 12 September. All six performances at the ancient theatre are scheduled for 21:00.

Turkey Compass data graphic showing TRY39.028 million in real-estate fines and a separate TRY540.144 million combined consumer-contract categoryEditorial visual
Law & Residence

Turkey reports TRY 39m in real-estate fines and TRY 540m across consumer contracts

The January–August enforcement balance covers property, prepaid housing, package tours and timeshares, but the largest figure is a combined category—not a penalty for one sector.

Turkey Compass explainer showing that a parent, guardian or legal representative can obtain an under-18 Turkish criminal record certificate in 51 languagesEditorial visual
Law & Residence

Parents can now obtain under-18 criminal record certificates through e-Devlet in 51 languages

A parent, guardian or legal representative can obtain a child's Turkish criminal record certificate online. The service has operated since 10 August and does not grant access to unrelated third parties.

Turkey Compass fact-check graphic showing new 50 TL and 5 TL signature series alongside the message that old notes remain validEditorial visual
Life in Turkey

Turkey circulates new-signature 50 and 5 lira notes — old notes remain valid

The new series entered circulation on 11 September. Only the signatures changed: size, design and general appearance are identical, and earlier-series notes continue to be legal tender.

Turkey Compass data graphic showing Turkey's $36 million July current-account surplus, $322 million net foreign property purchases and $40.7 billion annualised deficitEditorial visual
Real Estate

Foreign buyers made $322m in net Turkish property purchases as July current account turned positive

Turkey recorded a narrow $36m current-account surplus in July, while non-residents' net property purchases reached $322m. The rolling 12-month account still showed a $40.7bn deficit.

Turkey Compass chart of TCMB September 2026 survey expectations: 29.61% year-end inflation and 58.6049 USD/TRY in 12 monthsEditorial visual
Economy & Money

Turkey market survey lifts 2026 inflation view to 29.61% and 12-month dollar forecast

The TCMB's September survey put the 12-month USD/TRY expectation at 58.6049 and next-meeting policy rate at 37%. These are responses from 67 participants, not central-bank targets.

Turkey Compass route graphic showing the existing Kapıkule crossing and the proposed Kapıkule North gate between Turkey and BulgariaEditorial visual
Flights & Transport

Turkey and Bulgaria plan a second Kapıkule border gate — but it is not open yet

Officials inspected a site north of the existing Kapıkule–Kapitan Andreevo crossing. No opening date, lane plan or eligible traffic has been announced.

Turkey Compass split chart showing Turkey retail sales volume up 10.4% and total trade volume down 0.6% in July 2026Editorial visual
Business & Investment

Turkey's retail sales grew 10.4% while total trade volume fell: how both can be true

TÜİK's July data show retail volume up 10.4% year on year, but total trade down 0.6%. Wholesale and vehicle trade explain the split.

Turkey Compass comparison of TCMB’s 37% policy rate with 44.4% lira deposit and 41.9% housing-loan averages reported on 17 September 2026Editorial visual
Economy & Money

TCMB’s 37% rate hold: mortgage rates rose while lira deposits eased

The 17 September meeting summary put average lira deposit rates at 44.4% and housing loans at 41.9% on 4 September. Those market averages are not guaranteed customer offers.

Turkey Compass route graphic showing AJet flights from Istanbul Sabiha Gökçen to Almaty and Astana starting in January 2027Editorial visual
Aviation

AJet sets January launch dates for Istanbul–Almaty and Istanbul–Astana flights

The carrier says both routes from Sabiha Gökçen will operate twice weekly from January 2027. Travellers should check SAW—not IST—when planning Istanbul connections.

Turkey Compass chart showing Turkey's manufacturing export climate index rising from 52.2 in July to 52.7 in August 2026, a 27-month highEditorial visual
Business & Investment

Turkey’s export climate reached a 27-month high as US and European demand improved

The manufacturing export climate index rose to 52.7 in August, its strongest reading since May 2024. The survey signal is positive, but it is not a growth rate or an earnings forecast.

Turkey Compass data graphic showing Turkey enterprise e-sales, paid cloud, social-media use and reported cyber incidentsEditorial visual
Business & Investment

Turkey’s business digital gap: e-sales grew, but paid-cloud use remained at 20.2%

TÜİK says 17.1% of enterprises made e-sales in 2025 and 20.2% used paid cloud services in 2026. Hospitality led e-sales while reporting relatively low cloud adoption.

Turkey Compass data graphic showing Turkey industrial production down 0.3% annually and 1.0% monthly in July 2026Editorial visual
Business & Investment

Turkey’s industrial output slipped in July: what investors should watch next

TÜİK says industrial production fell 1.0% from June and 0.3% from a year earlier. Manufacturing was slightly positive annually while mining and utilities contracted.

Turkey Compass explanatory graphic showing a 575-metre marine barrier and litter traps protecting Phaselis South Harbour in AntalyaEditorial visual
Travel & Tourism

Phaselis installs a 575-metre marine barrier to protect its historic bay

Antalya authorities say marine barriers and litter traps are now operating at Phaselis South Harbour. The notice reports environmental protection, not a beach closure or swimming ban.

Turkey Compass data graphic showing 167.55 million passengers at Turkey airports in January to August 2026 and tourism-airport totalsEditorial visual
Aviation

Turkey's airports handled 167.55 million passengers in eight months

Official August data show international traffic at 95.86 million and strong volumes at Istanbul and Mediterranean gateways. The totals measure journeys, not guaranteed routes or seats.

Turkey Compass chart showing Turkey construction costs up 28.33% annually in July 2026, with labour rising faster than materialsEditorial visual
Real Estate

Turkey's construction costs rose 28.33% — what the index means for property buyers

TÜİK's July index rose 1.15% in a month and 28.33% in a year. Labour costs outpaced materials, but the national input index is not a house-price forecast.

Turkey Compass travel graphic showing that the UK air-traffic fault is fixed but passengers should still check individual flight statusEditorial visual
Flights & Transport

Turkey–UK passengers told to check flights after UK air-traffic system failure

NATS says the 8 September technical fault is fixed and operations are normal, but Turkish Airlines warns that some UK arrivals and departures may still be delayed or cancelled while the backlog clears.

Turkey Compass explanatory graphic showing the 31 December 2027 Yarısı Bizden deadline and the three-part support for one Istanbul homeEditorial visual
Real Estate

Istanbul's Yarısı Bizden renewal support extended to 31 December 2027

The deadline has moved by one year. The published support still combines a grant, loan and relocation payment; it is not a cash award or an automatic approval for every owner.

Turkey Compass chart comparing Turkey's August 2026 real returns: gold led monthly, deposits led over six months and gold led annuallyEditorial visual
Economy & Money

Gold led Turkey's August real returns — but the six-month result was negative

TÜİK calculated a 7.93% monthly CPI-adjusted return for bullion gold, while deposits led over six months. The ranking changes sharply with the period and inflation measure.

Turkey Compass chart showing 65.9 million museum and heritage-site visits in Turkey in 2025 and the leading citiesEditorial visual
Travel & Tourism

Turkey recorded 65.9m museum and heritage-site visits in 2025 — what travellers should infer

Visits rose 6.8% and Istanbul alone recorded 18.3 million. The annual figures map cultural demand, but they are not a live crowd forecast or a count of unique tourists.

Guide to Istanbul TOKİ rental applications showing 1,071 homes, 14–25 September dates and key eligibility rulesEditorial visual
Real Estate

Istanbul TOKİ rental applications open: foreigners are not eligible

Applications for 1,071 homes run through e-Devlet until 25 September. Turkish citizenship is required; VAT-inclusive monthly charges range from TL10,000 to TL20,000.

Turkey Compass diagram of KOSGEB's ₺30–75 million competitiveness finance, deadline and eligibility routesEditorial visual
Business & Investment

KOSGEB opens ₺30–75m competitiveness finance: who can actually apply

Applications run from 7 to 30 September 2026, but an active Turkish company is only the starting condition. Applicants must also satisfy one of four export, R&D, technology or Turcorn routes.

Turkey Compass status graphic showing the Ankara Gölbaşı wildfire extinguished after local evacuations and access controlsEditorial visual
Life in Turkey

Ankara Gölbaşı wildfire extinguished after local evacuations and access closures

Crews extinguished the Taşpınar fire. Earlier evacuations and access closures concerned the response area; no Ankara-wide disruption was reported.

Turkey Compass chart of Turkey's 2027–2029 programme growth and year-end inflation targetsEditorial visual
Economy & Money

Turkey's 2027–2029 programme targets 4.2% growth next year and single-digit inflation by 2029

The new government framework estimates 2026 inflation at 28.4% and growth at 3.3%, then sets a 9% inflation objective for 2029. These are programme assumptions, not guaranteed outcomes.

Turkey Compass fact-check graphic separating Istanbul tender 2026/768011 from claims of an automatic mass demolitionEditorial visual
Real Estate

Fact-check: Istanbul's Bosphorus demolition tender is real, but it is not a blanket order to raze 4,141 homes

Official tender 2026/768011 is scheduled for 22 September. The public notice confirms demolition and debris-removal work, but headlines about 4,141 properties should not be read as a same-day or whole-building demolition order for every address.

Turkey Compass diagram showing a Central Bank export rediscount credit reaching Eximbank and other banksEditorial visual
Economy & Money

Turkey broadens export rediscount credit tax-relief wording beyond Eximbank

Decision No. 11723 and Communiqué 2026/3 add ‘other banks’ to the framework for tax, duty and fee exemptions tied to Central Bank rediscount credits. Ordinary commercial loans are not automatically covered.

Turkey Compass diagram explaining the 10 percent withholding route for specified corporate money-market fund gainsEditorial visual
Economy & Money

Turkey sets 10% withholding on specified corporate money-market fund gains

Decision No. 11734 targets specified corporate money-market fund gains and separately sets 10% for other taxpayers' gains outside sub-item (1). Product and taxpayer classification matter.

Turkey Compass diagram showing a property listing platform sending monthly identity and listing data to the tax authorityEditorial visual
Real Estate

Turkey expands monthly tax reporting for online property and rental listings

Platforms and social networks that carry sales or rental listings must report identifying and listing data monthly. The 5 September rule does not itself create a new tax or a monthly filing duty for every advertiser.

Turkey Compass chart comparing 4 September 2026 diesel prices in Istanbul, Ankara and IzmirEditorial visual
Life in Turkey

Diesel passed TRY90 in Ankara and İzmir: what Turkey's 4 September fuel jump changes

Recommended pump prices rose by roughly TRY7.7–7.8 per litre for diesel and about TRY2.5 for petrol. A 50-litre diesel fill now costs around TRY4,500 in Ankara and İzmir.

Turkey Compass chart showing TRY169bn of Turkish R&D tax incentives and the distribution between SMEs and large enterprises in 2025Editorial visual
Business & Investment

Turkey's R&D tax incentives reached TRY169bn, but large companies received most of the value

Indirect R&D incentives rose 59.5% in 2025. SMEs were 89.5% of beneficiary enterprises, yet large businesses received 61.8% of the total amount.

Turkey Compass data graphic showing Turkey's $124.9bn services exports, $61.9bn imports and 48.1% travel share in 2025Editorial visual
Business & Investment

Turkey's services exports reached $124.9bn in 2025 as digital sales accelerated

Services exports rose 6.5%, led by travel and transport, while telecommunications, computer and information services grew 25.3%. The country recorded a $63.0bn services surplus.

Turkey Compass illustration of an NFC passport connecting to a Turkish payment wallet after remote identity verificationEditorial visual
Law & Residence

Foreigners can now complete remote ID checks with Turkish payment and e-money providers

A new Central Bank rule permits remote identification with an ICAO 9303 NFC passport. It applies to payment and electronic-money providers, not automatically to bank accounts.

Turkey Compass graphic showing the Samsun Çarşamba Airport terminal capacity target and planned infrastructureEditorial visual
Flights & Transport

Samsun airport starts new terminal project with a 3-million-passenger capacity target

Construction has formally started on a 29,120-square-metre terminal at Samsun Çarşamba Airport. The project expands infrastructure but does not itself announce new routes or an opening date.

Turkey Compass schedule graphic with September 2026 closing times for Knidos, Sagalassos and KibyraEditorial visual
Travel & Tourism

September hours changed at Knidos, Sagalassos and Kibyra — one date needs checking

Knidos now has three staged closing times, while Sagalassos and Kibyra are listed from 09:00 to 19:00 in September. The official wording overlaps on 15 September.

Turkey Compass chart showing Turkey's August 2026 exports of $23.467bn, imports of $28.706bn and calculated goods gap of $5.239bnEditorial visual
Economy & Money

Turkey's August imports grew faster than exports, leaving a $5.24bn goods gap

Exports rose 8.1% to $23.467bn and imports 10.5% to $28.706bn. Germany was the top export market, while intermediate goods drove most trade.

Turkey Compass chart showing Turkey producer prices up 27.95% annually, 2.57% monthly and energy up 6.99% in August 2026Editorial visual
Business & Investment

Turkey producer prices rose 2.57% in August as energy costs accelerated

Domestic producer inflation reached 27.95% annually. The monthly pace strengthened from July, led by a 6.99% rise in the energy main industry group, but the index is not a retail-price forecast.

Turkey Compass data graphic showing August 2026 CPI at 31.51% annually, 1.84% monthly and the 31.79% 12-month averageEditorial visual
Economy & Money

Turkey inflation eased to 31.51% in August; September rent cap is 31.79%

Annual CPI slowed, but prices still rose 1.84% in August. Transport was the strongest monthly pressure, while the 12-month average sets September's standard rent-renewal ceiling.

Language-neutral Turkey Compass graphic showing an NFC passport, video identity check, address verification and SWIFT transfer controlsEditorial visual
Business & Investment

Turkey opens remote investment-account ID checks to foreigners — with NFC passport and SWIFT limits

Foreign nationals may now be verified remotely by Turkish brokers, portfolio managers and crypto providers. The route requires a chip passport and sharply restricts transfers.

Turkey Compass chart showing earthquake-zone housing supply rising from 201,000 to about 434,000 homes as rental inflation slowsEditorial visual
Real Estate

CBRT researchers link Turkey's housing-supply rebound to slower rent inflation

A 2 September analysis connects the delivery of about 434,000 earthquake-zone homes and a rise in occupancy permits with easing rent pressure, including spillovers beyond the region.

Turkey Compass diagram showing the four cumulative conditions for Turkey's 2026 tourism-facility title-deed exceptionEditorial visual
Real Estate

Turkey creates a narrow title-deed exception for certain pre-2019 tourism facilities

Decision 11706 removes one tourism-certificate restriction only where the planning date, commercial-use status, operating certificate and ownership conditions all match.

Editorial chart comparing Turkey's published seasonally adjusted unemployment headlines for June and July 2026Editorial visual
Life in Turkey

Turkey's unemployment rate is 8.1% in July: what the figure does — and does not — say

TÜİK's new monthly headline is higher than the 7.6% reported for June, but it is not a direct measure of vacancies, foreign-worker demand or formal employment.

Turkey Compass chart showing Turkey's 2.3% year-on-year GDP growth in Q2 2026 and 3.7% annual growth in 2025Editorial visual
Economy & Money

Turkey's economy grew 2.3% in Q2 2026 — what the headline tells investors

TÜİK's first estimate shows real GDP was 2.3% higher than a year earlier; a separate annual release puts full-year 2025 growth at 3.7%.

Turkey Compass schedule graphic showing Alanya Castle closing at 21:00 through 31 August and 19:30 from 1 SeptemberEditorial visual
Travel & Tourism

Alanya Castle will close at 19:30 from 1 September — other Antalya sites keep late hours

The official closing time moves from 21:00 to 19:30 at Alanya Castle, while several other Antalya heritage sites retain listed evening hours through 1 October.

Turkey Compass graphic showing Turkey's 31 August tax-debt instalment deadline, 39% to 29% interest and possible 12 to 72 instalmentsEditorial visual
Economy & Money

Turkey's 29% tax-debt instalment deadline is today — who can still apply

Eligible debts can be deferred at 29% annual interest instead of 39%, but applications close on 31 August and the scheme is not a tax amnesty.

Turkey Compass route diagram showing FILOJET travelling from Girne toward Taşucu, the incident four nautical miles offshore and 267 people aboardEditorial visual
Flights & Transport

Body recovered in FILOJET search; identity confirmation pending

A man's body believed to be around 50 years old was recovered on 2 September and taken to hospital for identification. Officials have not yet issued a centrally reconciled casualty balance.

Original Turkey Compass diagram showing the Çeşme plan display from 28 August to 11 September 2026 and the parcel-check workflowEditorial visual
Real Estate

Çeşme reserve-area plans open a public objection window until 11 September

Official 1:5,000 and 1:1,000 plans covering parts of Altınkum, Çiftlik and Musalla are on public display. Approval does not by itself mean construction has started or every parcel has changed status.

Original Turkey Compass chart separating HubX's up-to-$75-million funding from its $1.275-billion private valuationEditorial visual
Business & Investment

Turkey gets its first mobile-app unicorn as HubX reaches a $1.275bn valuation

The İzmir-founded technology company raised up to $75 million from Point72 Private Investments. The private valuation is a signal for Turkey's software exports, not a listed investment opportunity.

Original Turkey Compass chart showing Turkey's first-, second- and third-child birth-support payment levels and the eligibility gateEditorial visual
Life in Turkey

Turkey deposits August birth-support payments — foreign-born parents are not automatically excluded

The ministry says August payments have reached eligible mothers. A mixed-nationality family may qualify through a Turkish parent and Turkish child, but residence and application rules still apply.

Original Turkey Compass chart showing Turkey's 2% and 4% off-exchange share-sale thresholds and SPK approval stepEditorial visual
Business & Investment

Turkey sets 2% and 4% limits for certain off-exchange share sales — what investors should know

SPK now requires prior approval when specified shareholders exceed a rolling 12-month off-exchange sale limit. The threshold depends on whether a company's free float is above 50%.

Original Turkey Compass diagram separating Turkey's medicine-pricing rule, commission decision and final pharmacy priceEditorial visual
Life in Turkey

Turkey rewrites medicine-pricing rules — but 29 August is not a blanket pharmacy price rise

A new communiqué sets the reference-country, euro-conversion and application rules used to price medicines. It does not publish a new euro value or order every pharmacy product to rise immediately.

Original Turkey Compass flow graphic showing an accommodation listing passing through document verification to either publication or complete removalEditorial visual
Travel & Tourism

Turkey tells booking platforms to remove unlicensed stays completely and connect to verification system

A Tourism Ministry circular says blocked unlicensed listings cannot remain visible as non-bookable pages or return through another account. Platforms and travel agencies must integrate the official verification system urgently.

Original Turkey Compass fact-check graphic separating an electricity price-hike rumor from the official 28 August statementEditorial visual
Economy & Money

Fact check: Turkey says no current plan for a very large electricity price increase

An official 28 August bulletin rejects claims of an imminent, very high electricity tariff increase — but does not promise that prices can never change.

Turkey Compass graphic showing Istanbul Black Sea swimming restrictions and Turkey marine conditions for 9 to 11 September 2026Editorial visual
Flights & Transport

Istanbul Black Sea beaches face swimming restrictions on 9–10 September

Beykoz, Sarıyer and Şile have location-specific swimming restrictions through Thursday as MGM forecasts strong winds and high waves; Saray in Tekirdağ has a separate two-day ban.

Turkey Compass guide to the 7–11 September 2026 school adaptation week and three-hour public-sector parental leaveEditorial visual
Living in Turkey

Turkey gives one public-sector parent limited leave for school adaptation week

For preschool, first-grade and fifth-grade pupils, one parent employed by the public sector may request up to three hours of administrative leave per day during 7–11 September.

Turkey Compass comparison of Treasury interest discounts for Turkish artisan loans when tax or SGK debt existsEditorial visual
Business & Investment

Turkey opens a narrower subsidised-loan route for artisans with tax or SGK debt

Eligible artisans are no longer excluded solely because of unresolved public debt, but they receive lower Treasury interest discounts and still need bank approval.

Turkey Compass chart comparing Turkey's July 2026 exports, imports, trade deficit and export-to-import coverage ratioEditorial visual
Economy & Money

Turkey's July trade gap widens 13.6% as imports outpace exports

Exports reached a July record, but imports grew faster and the goods deficit rose to $7.343 billion; the seasonally adjusted monthly picture was less negative.

Turkey Compass diagram of Turkey's employment-retention support test, TRY 3,500 performance formula and supported-loan routeEditorial visual
Business & Investment

Turkey rewrites employment-retention support rules; no new application date yet

A 28 August regulation changes payroll tests, sector support and credit calculations, but it does not itself reopen applications for Turkish manufacturers.

Turkey Compass infographic showing formal ratification, the 2 GW first phase in Sivas and Karaman, and the separate 3 GW future phaseEditorial visual
Business & Investment

Turkey ratifies Saudi renewable-energy deal: what changed on 28 August

The formal approval covers a previously signed programme led by 2 GW of solar projects in Sivas and Karaman; it is not a new overnight investment announcement.

Original Turkey Compass decision chart showing routine biometric attendance as non-compliant, critical access as conditional and cards or PINs as alternativesEditorial visual
Law & Residence

Turkey clarifies workplace biometrics: employee consent does not make fingerprint timekeeping proportionate

KVKK says coded fingerprint or palm templates remain biometric data. Critical-security access may require a separate, narrowly tailored assessment.

Original Turkey Compass graphic showing Turkey's 28 August rain and marine-storm areas with a Giresun all-beaches-closed updateEditorial visual
Flights & Transport

Turkey weather warning for 28 August: Giresun closes all beaches as rain and marine storms approach

Giresun has banned swimming at every beach on Friday. A separate Istanbul rain warning ended at 07:00; ten provinces remain in the wider rain alert.

Original Turkey Compass chart comparing Turkey central-bank total, gold and foreign-currency reserves for the week ending 21 August 2026Editorial visual
Economy & Money

Turkey’s reserves rose to $188.4bn — but the weekly gain came from gold, not foreign currency

TCMB’s total gross reserves increased by $4.95bn in the week to 21 August. Gold rose by $5.89bn while gross FX reserves fell by $0.94bn.

Original Turkey Compass infographic showing Turkey's sunflower-seed import tariff falling from 20% to 12% on 1 October 2026Editorial visual
Economy & Money

Turkey will cut the sunflower-seed import tariff earlier — but cooking oil prices are not guaranteed to fall

The 12% tariff will apply from 1 October instead of 30 November in 2026, a supply measure aimed at processors rather than a fixed retail-price reduction.

Original Turkey Compass infographic showing 4.02 million active enterprises, 20.1 million jobs and key sector shares in Turkey in 2025Editorial visual
Business & Investment

Turkey counted 4.02 million active enterprises in 2025 — what the structure tells investors

Preliminary TÜİK data show services and trade dominate business numbers, while industry carries a larger employment and production role than its enterprise share suggests.

Original Turkey Compass infographic explaining Turkey's 2026 emissions trading thresholds, permits, reporting and pending market parametersEditorial visual
Business & Investment

Turkey has set the rules for its carbon market — but no allowance price yet

The new emissions-trading regulation defines permits, reporting and market architecture for large installations while leaving the pilot timetable and price to later decisions.

Original Turkey Compass city comparison graphic for 30 August transport rules in Istanbul, Ankara and IzmirEditorial visual
Flights & Transport

Free transport on 30 August: Istanbul, Ankara and Izmir have different rules

Istanbul requires a personalised Istanbulkart; EGO services are free in Ankara from 06:00 to 24:00; most Izmir municipal transport is half-price while İZBAN is free.

Original Turkey Compass architectural illustration of Side's 390-metre ancient avenue and Heracles GateEditorial visual
Travel & Tourism

Side reveals a 390-metre ancient avenue and the reliefs of Heracles Gate

Excavation of the monumental route is complete, exposing three gateways and evidence of how the city changed between the Roman and Late Antique periods.

Turkey Compass chart comparing the five largest exporting provinces in Turkey and the five biggest annual gains in July 2026Editorial visual
Business & Investment

Turkey’s July exports reached a record $25.6bn as three provinces drove most of the gain

Mersin, İzmir and Antalya generated 64.3% of the annual increase, while Istanbul remained the largest exporting province by value.

Turkey Compass verification flow showing an unofficial card offer being checked against Turkey's official e-Residence system and reported if suspiciousEditorial visual
Law & Residence

Turkey warns foreigners about people promising residence and citizenship cards

A provincial migration office says illegal offers should be rejected and reported; the notice does not create a new application route or change eligibility rules.

Turkey Compass explanatory graphic showing the 21 August decisions and 26 August publication of the Payco and Junomoney licence revocationsEditorial visual
Economy & Money

Turkey revokes Payco and Junomoney e-money licences: what is confirmed

The CBRT decisions end both companies' authorisation, but the published texts do not set out a customer refund timetable or migration plan.

Turkey Compass timeline graphic for Turkey's new small-hotel standards effective 1 November 2026Editorial visual
Travel & Tourism

Turkey sets 1 November deadline for new safety standards at small hotels

New rules cover reception desks, first aid, pool safety, room equipment and the transfer of simple-accommodation operating certificates.

Turkey Compass data graphic comparing August 2026 confidence and forward expectations in Turkey's services, retail and construction sectorsEditorial visual
Business & Investment

Turkey's construction confidence fell to 83.1, but hiring expectations improved

Confidence eased in services, retail and construction in August, yet forward-looking demand, sales and employment measures moved higher.

Turkey Compass data graphic comparing Turkey's old and new FAST transaction limitsEditorial visual
Economy & Money

Turkey triples the FAST transfer limit to TRY 300,000 from 26 August

The central bank is raising the per-transaction FAST limit from TRY 100,000 to TRY 300,000, while QR merchant payments will rise from TRY 250,000.

Turkey Compass data graphic showing 42 estate agencies, 40 vehicle dealers and TRY 8.2 million in EİDS penaltiesEditorial visual
Real Estate

Turkey fines 42 estate agencies over social-media listings: what EİDS requires

The Trade Ministry imposed TRY 8.2 million in total penalties on 82 property and vehicle businesses and said non-compliant Meta accounts will be blocked.

Late-summer cultural festival beside Ordu's green Black Sea coastEditorial visual
Tourism

Ordu Culture Route Festival opens for nine days on Turkey's Black Sea coast

The official 2026 programme runs from 22 to 30 August across Ordu, adding concerts, exhibitions, talks, workshops and family events to a late-summer Black Sea trip.

Editorial view of Alanya with modern natural-gas regulation and distribution infrastructureEditorial visual
Cities of Turkey

Alanya gas infrastructure advances, but household connections are not immediate

A new decision authorises urgent expropriation for an RMS-A station and distribution facilities across 18 properties in three Alanya neighbourhoods.

Turkey Compass chart showing Turkey labour cost, construction employment, hours and wage index changes in Q2 2026Editorial visual
Economy & Money

Turkey labour costs rose 34% as construction hours accelerated

TÜİK's second-quarter indices show rising employer costs and a construction sector adding workers and hours, while industrial employment continued to contract.

Turkey Compass chart comparing Turkey building permits and occupancy approvals in the second quarter of 2026Editorial visual
Real Estate

Turkey housing pipeline cools: permitted dwellings fell 9.5% in Q2

TÜİK reported fewer new permits but more completed homes: permitted dwellings fell 9.5% year on year while occupancy-approved dwellings rose 10.7%.

Turkey Compass map-style data graphic showing Turkey's first marine national parks in Fethiye–Kaş and the Northern AegeanEditorial visual
Travel & Tourism

Turkey creates its first marine national parks across 2.34 million hectares

Fethiye–Kaş and the Northern Aegean now have national-park status. The designation is final, but detailed visitor and boating rules must still be checked locally.

Turkey Compass data chart showing Turkey farm input prices down 0.92% monthly but up 32.06% annually in June 2026Editorial visual
Economy & Money

Turkey's farm input prices fell 0.92% in June, but annual pressure remained high

A monthly decline interrupted the recent rise, yet agricultural inputs still cost 32.06% more than a year earlier and fertiliser remained the main annual pressure point.

Turkey Compass chart comparing Turkey's monthly and annual foreign producer price changes in June and July 2026Editorial visual
Economy & Money

Turkey's export producer prices jumped 2.51% in July despite slower annual inflation

The monthly rise accelerated from 0.46% in June, while the annual rate eased from 30.33% to 29.67% — a split signal for exporters, buyers and investors.

Editorial chart of Turkey's second-quarter 2026 labour market, showing unemployment, employment growth and sector job changesEditorial visual
Economy & Money

Turkey unemployment fell to 7.9%, but industry shed 121,000 jobs

Second-quarter employment rose by 155,000 as services added 240,000 jobs, while broad labour underutilisation remained high at 29.9%.

Modern retail property and office towers representing Turkey's commercial property marketEditorial visual
Real Estate

Turkey commercial property prices rose 29.4% — but fell in real terms

CBRT data for the second quarter show a 5.5% quarterly increase and a 29.4% annual nominal rise, while inflation-adjusted commercial property prices declined 2.2%.

Industrial and portable batteries prepared for EU product labellingEditorial visual
Business & Investment

EU battery labels: the 18 August date is not the whole compliance deadline

Turkish exporters should prepare product data and capacity labels, but EU law ties the start date to a later implementing act as well as 18 August 2026.

Turkey Compass chart showing Turkey's July 2026 vehicle registrations and new-car fuel mixEditorial visual
Life in Turkey

Turkey registered 207,508 vehicles in July as electrified cars gained ground

Monthly registrations rose 6.6%, but remained 19.4% below July 2025; hybrids and electric cars made up nearly half of new car registrations in January–July.

Agricultural produce and a fact-check of Turkey's producer price indexEditorial visual
Life in Turkey

Fact-check: an 18.81% rise in farm-gate prices does not mean the same increase in shops

TÜİK reported higher agricultural producer prices in July, but the index cannot be applied directly to a consumer's grocery basket.

Employees and annual growth in paid employment in TurkeyEditorial visual
Life in Turkey

Paid employment in Turkey increased by 2.5% year on year

TÜİK's June data show growth in registered paid employment, but the figure is not the unemployment rate.

Passenger aircraft and Turkey airport traffic figures for seven monthsEditorial visual
Flights & Transport

Turkey's airports handled 138.8 million passengers in seven months

Passenger traffic rose 2.6% year on year; almost 26.8 million people passed through the country's airports in July alone.

Bank deposit documents and a real-return chart in TurkeyEditorial visual
Economy & Money

Bank deposits delivered the best monthly real return in July

TÜİK calculated a 1.29% real monthly return on gross deposit interest after adjustment for consumer inflation.

A smartphone showing mandatory advertising disclosure on social mediaEditorial visual
Law & Residence

Turkey tightens disclosure rules for advertising on social media

Advertising, paid partnerships and sponsored influencer content must be identified clearly and prominently from 1 August.

Turkey's coastline with tourism revenue figuresEditorial visual
Travel & Tourism

Turkey's tourism revenue reached $15.9 billion in the second quarter

Revenue fell 2.6% year on year, visitor numbers declined 5.1%, and average spending per night was $113.

Comparison of new-build and resale housing transactions in TurkeyEditorial visual
Real Estate

Turkey recorded 42,529 new-build and 81,074 resale home transactions in July

Resales accounted for almost two-thirds of registered housing transactions, with 123,603 sales across the two segments.

Construction site and Turkey's June construction output figuresEditorial visual
Business & Investment

Turkey's construction output fell 6% year on year in June

The TÜİK index measures the physical volume of construction activity, not house prices or the number of completed sales.

Analytical overview of market expectations for inflation, lira exchange rate and interest rate in TurkeyEditorial visual
Economy & Money

Market participants expect inflation of 29.43% by the end of 2026

The new TCMB survey also shows an expectation of 48.19 lira per dollar by the end of the year and a rate of 35.25%.

Turkey Central Bank building and inflation graphEditorial visual
Economy & Money

The Turkish Central Bank raised its inflation forecast for the end of 2026 to 28%

TCMB's new forecast is two points higher than its May estimate; the target for the end of 2027 is left at 15%.

Building materials, drawings and cost calculatorEditorial visual
Real Estate

Construction spending in Turkey increased by 29.84% over the year

In May, materials rose in price by 28.62%, and labor by 32%; for buildings, the overall annual cost increase was 28.56%.

Work on a large construction site in TurkeyEditorial visual
Business & Investment

Construction production decreased by 3%: how to read a signal to an investor

In May, building work fell 4.5% year over year, while infrastructure construction rose 6.2%.

International business visitors at the Istanbul Financial CenterEditorial visual
Law & Residence

A single office for foreign investors and employees opened in Istanbul

The Istanbul Finance Center has combined the procedures for residence permit, work permit, address registration and biometrics - but the service is not available to all foreigners.

Turkish Riviera Beach with Blue FlagEditorial visual
Travel & Tourism

There are 580 Blue Flag beaches in Turkey: Antalya is in the lead

Turkey ranks third in the world; 232 beaches are marked in Antalya, 113 in Mugla, 60 in Izmir.

Passenger plane over Turkey airportEditorial visual
Flights & Transport

Turkey's air network covers 133 countries and 356 destinations

After 91 international negotiations, carriers received 22 new points and 1,071 additional flight frequencies.

Protection from heat and sun in Turkey's summer cityEditorial visual
Life in Turkey

Heat in Turkey: Ministry of Health advises to avoid the street from 11:00 to 16:00

Special caution is needed for the elderly, children, pregnant women, people with chronic diseases and those who work outdoors.

Comparison of inflation indicators on analytical chartsEditorial visual
Economy & Money

Fact check: why 28% and 24% of the Turkish Central Bank do not contradict each other

In the report, 28% is the central inflation forecast for the end of 2026, and 24% is the retained interim monetary policy target.

Foreign buyers inspect an apartment in TurkeyEditorial visual
Real Estate

Russians again lead among foreign home buyers in Turkey

In June, 2,015 properties were sold to foreigners, and Russian citizens took first place with 381 purchases.

Handing over keys to a home buyer under a mortgage transactionEditorial visual
Business & Investment

Mortgage home sales in Turkey increased by 72.1%: what is behind the figure

In June, 25,993 mortgage transactions were registered, but the six-month picture of the market requires a more cautious assessment.

Russian tourists on holiday by the sea in TurkeyEditorial visual
Travel & Tourism

Russia retains key role in Turkish tourism in 2026

Turkey received 9.219 million visitors in the first quarter, with Russia becoming the second largest market after Germany.

Documents and calculation of expenses for a residence permitEditorial visual
Law & Residence

Fact check: did Turkey increase the state duty for a residence permit in 2026?

The Migration Service has officially denied reports of an additional increase in fees for residence permits.

Presentation of the economic report of the Central Bank of TurkeyEditorial visual
Economy & Money

Today the Central Bank of Turkey presents a new inflation forecast

On August 13, Enflasyon Raporu 2026-III is released - a key benchmark for rates, exchange rates, loans and the housing market.

Passengers at a modern international airport in TurkeyEditorial visual
Flights & Transport

Turkish airports served almost 112 million passengers in six months

Istanbul airports received 63.45 million passengers and confirmed their role as the country's main aviation hub.

Groceries, bills and daily expenses in TurkeyEditorial visual
Life in Turkey

Life in Turkey is becoming more expensive unevenly: housing and utilities are growing faster than inflation

With overall annual inflation of 32.11%, costs for housing, water, electricity and gas increased by 45.14%.

Shoppers on a busy shopping street in TurkeyEditorial visual
Business & Investment

Checking the numbers: consumer confidence has increased, but there is still no optimism

The consumer confidence index rose to 89.8, but a reading below 100 still indicates a cautious mood.

Airplane and map of new international routes to TurkeyEditorial visual
Travel & Tourism

How new air routes are changing Turkey's tourism map

We explain which regions receive a longer season and new audiences.

Turkish lira next to normal everyday purchasesEditorial visual
Economy & Money

What do exchange rates mean for a foreigner living or investing in Turkey?

Prices, expenses and decisions without panic: separating daily fluctuations from long-term factors.

Comparison of a new residential complex and a house on the secondary marketEditorial visual
Real Estate

Primary and secondary market: where it is easier for the buyer to check the real price

We compare documents, terms, expenses after purchase and the possibility of future sale.

Checking official documents before moving to TurkeyEditorial visual
Law & Residence

What official sources should you check before making a deal or moving?

Resmî Gazete, public services and registers - a short navigator without rumors.

Suitcases, calculator and expenses for the first month after movingEditorial visual
Life in Turkey

How much does the first month of life in Turkey cost: an honest cost structure

Housing, communications, insurance, transportation and household expenses for a new resident.

Year-round destinations in Turkey in different seasonsEditorial visual
Travel & Tourism

Not only summer: which destinations in Turkey work all year round

Cities, medicine, gastronomy, sports and business travel expand the tourist season.

Airport, highway and transport accessibility of the regionEditorial visual
Flights & Transport

How to evaluate the accessibility of a region based on airport schedules

Flight frequency, seasonality and connections say more about a destination than just one new route.

Comparison of Istanbul, Antalya and Izmir for permanent livingEditorial visual
Cities of Turkey

How to compare Turkish cities for living, not for a week's vacation

Climate, medicine, schools, transport and seasonal load - a unified system for choosing a city.

Documents and calculations for opening a company in TurkeyEditorial visual
Business & Investment

Opening a business in Turkey: what to check before registering a company

Market, permits, taxes, bank and operating expenses before the first signature.

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