AUTO MARKET SHRINKS, YEAR-END CONTRACTION MAY HIT 20%
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.
Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.
Every summer, the apartment buildings of Istanbul, Ankara and other major cities begin to empty. Neighbors who have spent the winter sharing lifts, parking disputes, delivery couriers and the occasional suspicion that someone upstairs is moving furniture after midnight head off in different directions.
Turkey urged Russia and Ukraine to safeguard civilian navigation in the Black Sea after Turkish-owned cargo ships were hit by drones. Ankara refrained from blaming either side for the attack, instead calling on both warring parties to immediately ensure maritime security, on Aug. 4.
Coal miners from Doruk Mining, a subsidiary of Yıldızlar SSS Holding that made the headlines earlier this year, held a new sit-in protest in Ankara, demanding years of unpaid severance and termination benefits as promises were not kept.
The opposition's advantage in Istanbul's Municipal Council is decreasing while the ruling AKP and MHP are increasing their numbers.
Kemal Kılıçdaroğlu, who was installed as the CHP's party chair by the court's absolute nullity ruling on May 21, addressed the parliamentary group on Aug. 4, more than two months after he was placed in this duty.
Despite the support in parliament for the bill, there was criticism from nationalist parties.
Although the Yeni Party did not sign the framework bill designed to advance the Kurdish peace process, some of its MPs are expected to support the law in the General Assembly, since some of its MPs contributed to the commission in the parliament under the CHP banner.
Yeni Party Chair Özgür Özel faces a new effort aimed at removing his immunity from prosecution, one that looks more serious than 60 other such applications already filed in parliament.
The scandal surrounding Özyurt Arms is no longer limited to unauthorized ammunition production but also about corruption in the media.
Naval Forces Commander Admiral Tatlıoğlu will remain a candidate for a cabinet post in any upcoming reshuffle by President Erdoğan.