Sunday, September 27, 2026English edition
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Country risk, from the local press

Turkey · Country watch

Turkey Freezes Assets, Istanbul Power Cuts

Turkey freezes assets in a major fund probe; Istanbul faces power cuts affecting 12 districts due to maintenance.

· · 10 sources

The picture Deteriorating

Business conditions in Turkey are deteriorating due to a major asset freeze in a fund investigation and planned power cuts in Istanbul affecting 12 districts.

In this briefing Akın Gürlek · Turkey · BEDAŞ · Istanbul · fuel prices

Regulation

  • finance
  • public-sector

Turkey Freezes Assets in Major Fund Investigation

Two people walk past bare trees in a snowy park
Husien Bisky / Unsplash

Turkey's Justice Minister Akın Gürlek announced the freezing of assets belonging to 46 companies, 18 funds, and 42 individuals as part of an ongoing fund investigation, according to Cumhuriyet.com.tr. Additionally, 37 suspects have been banned from leaving the country. This marks a significant step in the government's efforts to clamp down on financial irregularities. The investigation is part of a broader initiative to ensure financial transparency and accountability.

Impact Financial institutions and investors face increased scrutiny and potential disruptions as assets are frozen and travel bans imposed.

Sources: haber7.com ↗, Cumhuriyet.com.tr: Son Dakika ↗

Disruption

  • energy
  • public-sector

Istanbul Faces Power Cuts in 12 Districts

Aerial view of the historical peninsula and modern skyline of Istanbul
Aerial view of the historical peninsula and modern skyline of Istanbul Hunanuk, CC0 via Wikimedia Commons

Istanbul will experience power cuts across 12 districts on 27 September 2026 due to planned maintenance and investment work by BEDAŞ, according to Haber Turk. The outages will affect various neighborhoods and streets, with the duration varying by district. These planned interruptions are part of ongoing infrastructure improvements aimed at enhancing the reliability of the power supply in the region.

Impact Businesses and residents in affected districts will face temporary power outages, potentially disrupting operations and daily activities.

Sources: Haber Turk ↗

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • energy
  • finance

Fuel Prices Affected by Global Market Fluctuations

Fuel prices in Turkey continue to be influenced by global market fluctuations, exchange rate volatility, and successive special consumption tax (ÖTV) increases, according to Cumhuriyet.com.tr. These factors contribute to ongoing changes in the cost of gasoline, diesel, and other fuels, impacting both consumers and businesses.

Impact Fuel importers and distributors face cost variability, affecting pricing strategies and profit margins.

Sources: Cumhuriyet.com.tr: Son Dakika ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Turkey

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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