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.
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ÖZEL FACES NEW REQUEST TO LIFT IMMUNITY
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.
TRADE MINISTER LOBBIES IN BRUSSELS TO SECURE 'MADE IN EU' STATUS FOR AUTO SECTOR
Turkish Trade Minister Ömer Bolat led a high-stakes diplomatic mission in Brussels on July 16-17 to secure Turkey's inclusion in the European Union’s upcoming 'Made in Europe' framework.
TEN YEARS ON, JULY 15 IS STILL AN OPEN FILE
Ten years after tanks rolled onto the Bosphorus Bridge and F-16s bombed parliament, Turkey marks the anniversary of the failed July 15 coup attempt with a holiday named 'Democracy and National Unity Day' — in a country more polarized, less democratic and no closer to answering the fundamental questions of that night than it was a decade ago.
İŞBANK CEO WARNS OF DEEPENING CREDIT CRUNCH
Hakan Aran, the CEO of Turkey's largest private bank, İşBank, has warned that small and medium-sized enterprises (SMEs) face severe difficulties accessing credit, predicting a highly strained second half for 2026.
TURKEY SET TO LAUNCH ITS FIRST NUCLEAR PLANT REACTOR IN AUTUMN
Turkey’s Akkuyu Nuclear Power Plant plans to launch its first reactor in autumn 2026, a major milestone for the nation's energy infrastructure.
TURKISH F-16s STRIKE AL-SHABAAB IN SOMALIA AS MOGADISHU SCRUBS ANKARA'S NAME FROM STATEMENT
Turkey has taken another remarkable step in its military support to the African nation
EYES FOCUSED ON THE DEFENSE INDUSTRY FORUM
As Turkey prepares to host a NATO summit for the first time in 22 years attention is heavily focused on the NSDIF26.
FINAL STEPS UNDERWAY TO DROP US CHARGES AGAINST HALKBANK
Halkbank, the state lender and fourth-largest bank in Turkey by assets, announced that a nine-year-old US criminal case against the bank is getting closer to a complete end. The bank and the US Attorney’s Office for the Southern District of New York submitted a joint plea to the court on June 10, 2026, requesting the dismissal of all charges.
MILLIONS OF RETIREES WATCH INFLATION DATA AS PENSION TALKS NEAR
Millions of retirees in Turkey are waiting for official inflation data due on July 3 to learn how much their pensions could increase in the second half of the year. TurkStat will announce June inflation figures on July 3, revealing the inflation rate for the first six months of 2026. The data will determine the basis for pension adjustments. The parliament previously set the minimum pension for workers and self-employed retirees at 20,000 Turkish lira ($434) as of Jan. 1, 2026. Any increase to that minimum pension level will require a new legal regulation.
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.
F-16S TO FLY USING NATIONAL SOFTWARE
A critical milestone has been reached in the modernization project for F-16s with the completion of acceptance tests for mission planning software.