Turkey · Country watch

Asset Freeze Lifted, Istanbul Floods Disrupt

Turkey lifts asset freeze on 45 firms and 19 funds; heavy rain disrupts Istanbul, affecting transport and businesses.

Florent Kalfon · September 28, 2026 · 13 sources

The picture Stable

Business conditions in Turkey remain stable as asset freezes are lifted, improving liquidity, while Istanbul faces logistical disruptions due to heavy rain. Regulatory actions on simit pricing continue.

In this briefing Capital Markets Board of Turkey · Mahmut Gürcan · Ministry of Trade (Turkey) · Istanbul

Regulation

finance

Turkey lifts asset freeze on 45 firms, 19 funds

Turkey has lifted asset freezes on 45 companies and 19 investment funds involved in a capital markets investigation, according to Anadolu Agency. The decision was made following new evaluations by the Capital Markets Board (SPK) and related committees. However, asset freezes on individuals remain in place. The investigation, centered in Istanbul, had previously imposed restrictions affecting these entities' financial operations.

Impact Investors in the affected firms and funds regain access to assets, improving liquidity and operational flexibility.

Sources: Anadolu Agency ↗, milatgazetesi.COM ↗, Haberler.com ↗, Haber Turk ↗

retail

Trade Ministry enforces simit price regulations

The Turkish Ministry of Trade is enforcing price regulations on simit sales in Istanbul, according to Yeni Safak. Deputy Minister Mahmut Gürcan stated that businesses not adhering to the set price tariffs are subject to heavy administrative penalties. The ministry aims to protect consumer interests and curb excessive pricing practices through intensified inspections.

Impact Retailers in Istanbul must comply with regulated simit prices or face penalties, affecting pricing strategies and profit margins.

Sources: Haberler.com ↗, Yeni Safak ↗

Disruption

logistics
retail

Heavy rain floods Istanbul, disrupts transport

Heavy rain has caused flooding in several districts of Istanbul, impacting homes and businesses, Cumhuriyet reports. Key roads, including the D-100 highway, experienced traffic disruptions due to water accumulation. In Zincirlikuyu, an underpass was closed to traffic, causing further congestion. Emergency services are working to clear affected areas, but disruptions are expected to continue until conditions improve.

Impact Logistics and retail operations in Istanbul face delays and potential losses due to transport disruptions and property damage.

Sources: Haber Turk ↗