FUND CRISIS HITS MARKETS
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
Analysis
In-Depth Analysis
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NUCLEAR COOPERATION DEAL BETWEEN TURKEY AND US FOR SMRS
Turkey and the United States have signed a grant agreement to evaluate next-generation nuclear energy technologies, expanding bilateral cooperation in the energy sector.
LIMITED SUPPORT TO SAUDI ARABIA AS HOUTHI ATTACKS INTENSIFY
As Houthi attacks against Saudi Arabia intensify, Turkey is preparing to provide technical military support to its ally in the Mecca Pact.
CHINESE TRAVEL PLATFORM PREPARES TURKEY ENTRY
Fliggy, Chinese tech giant Alibaba’s travel platform, is preparing to enter the Turkish market as parliament considers new legislation to regulate foreign digital booking platforms.
ANKARA, LONDON CUT RED TAPE ON CARS AND CHEMICALS
A bill aimed at removing technical trade barriers in the automotive and chemical sectors between Turkey and the United Kingdom has been submitted to the Turkish parliament for approval.
AKKUYU NUCLEAR PLANT CLOSER TO LAUNCH AFTER CRITICAL TEST
Engineers at Turkey's first nuclear power plant have finished a critical test as part of preparations for the launch planned by the end of 2026, the Energy Ministry said. Technicians successfully loaded 163 simulated fuel assemblies into the reactor pressure vessel of the first unit at the Akkuyu Nuclear Power Plant. The operation is a major milestone in the launch of the country’s first nuclear power facility.
DOOR OPENS TO DEFENSE COOPERATION WITH JAPAN
The Japanese side is taking an interest in the UAVs developed by Turkey, while Turkey is eyeing the technology behind the mine countermeasures ships built by Japan.
STM UNVEILS LONG-RANGE KAMIKAZE UAV
While Iran is extensively using kamikaze UAVs in its attacks in the conflict with Israeli and US forces, STM (Defense Technologies Engineering and Trade Inc.), announced that it had conducted the first test flight of its new long-range kamikaze UAV.
MILITARY HELICOPTER CRASHED IN QATAR WITH QUESTIONS UNANSWERED
A Qatari Air Force helicopter crashed into the sea, killing a Turkish air defense major, two Aselsan technicians, and four Qatari crew members. Questions remain unanswered, including the type of helicopter, the exact time when it crashed and the site of the crash.
A SIGNATURE AND A DELAY IN THE EUROFIGHTER PROJECT
Following the signing of an agreement with the U.K. in Oct. 2025 to procure 40 Eurofighter Typhoon fighter jets, the defense ministers of the two countries signed a contract for technical and logistical support regarding the maintenance and operation of these aircraft.
‘MADE IN EUROPE’ PROPOSAL: BAD NEWS AND GOOD NEWS FOR TURKEY
The EU’s draft “Made in Europe” proposal to support European producers of green technology excludes Turkey from “Europe” but allows the European Commission to determine which non-EU countries can be included in the scheme on a sectoral basis. The Turkish business community is alarmed at the new rules aimed at strengthening European manufacturing against rising competition from China and the U.S., Turkey in Depth learned. Fearing this would create a new hurdle in Turkey’s trade with the EU, business leaders have been lobbying in Brussels, urging officials to consider Turkey as part of Europe. Turkey in Depth has learned that President Recep Tayyip Erdoğan sent a letter to President of the European Commission Ursula von der Leyen regarding the decision.
TOYGUN EOTS INTEGRATED INTO KIZILELMA FOR FIRST-EVER EMBEDDED UAV USE
Aselsan’s Low-Observable Electro-Optical Targeting System (EOTS), known as Toygun, has been integrated into the fuselage of a Bayraktar Kızılelma, marking the first time globally that embedded EOTS technology has been implemented on an unmanned fighter aircraft, aviation company Baykar said.