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Turkey · Country watch

ASELSAN's Major Deal, New Rules for Booking

ASELSAN signs a $157.9M export deal; Turkey imposes new rules on digital platforms like Booking and Airbnb.

· · 14 sources

The picture Mixed

Business conditions in Turkey are mixed today. ASELSAN's significant export deal boosts the defence sector, while new regulations for digital platforms like Booking and Airbnb introduce compliance challenges for the tourism and technology sectors.

In this briefing Nadir Alpaslan · Booking Holdings · Airbnb · Expedia Group · ASELSAN · Brent Crude

Regulation

  • tourism
  • technology

New rules for Booking, Airbnb in Turkey

A building in San Francisco. The building contains the AirBnB North American headquarters.
A building in San Francisco. The building contains the AirBnB North American headquarters. Dllu, CC BY-SA 4.0 via Wikimedia Commons

Turkey's Parliament committee has approved new regulations for foreign digital accommodation platforms such as Booking, Airbnb, and Expedia. The rules require these platforms to obtain a license, appoint a representative in Turkey, and pay taxes and a tourism levy. Deputy Minister of Culture and Tourism Nadir Alpaslan stated that the regulation aims to contribute to tourism promotion. If enacted, the changes will come into effect on 1 January 2027, according to Yeni Safak.

Impact Digital accommodation platforms like Booking and Airbnb face increased operational costs and compliance requirements in Turkey.

Watch The regulation is expected to be enacted on 1 January 2027. · 1 January 2027

Sources: Yeni Safak ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • defence

ASELSAN signs $157.9M export deal

Aselsan SARP remote weapon turret
Aselsan SARP remote weapon turret Vitaly V. Kuzmin, CC BY-SA 4.0 via Wikimedia Commons

ASELSAN has signed a $157.9 million export contract with an international client, covering electronic warfare, electro-optics, seeker heads, reconnaissance and surveillance, communication, and weapon systems. The deal was disclosed in a statement on the Public Disclosure Platform (KAP), according to Haber7.com and Anadolu Agency. This contract marks a significant export achievement for ASELSAN, enhancing its presence in international markets.

Impact Defence contractors and suppliers to ASELSAN benefit from increased export activity.

Sources: haber7.com ↗, Anadolu Agency ↗

Markets

  • energy

Motorin price drops by 4.90 TL per litre

Motorin prices in Turkey have decreased by 4.90 TL per litre, effective from today. This change reflects the recent decline in Brent crude oil prices and stable exchange rates, according to Yeni Safak. The price reduction is expected to provide relief to vehicle owners, who have been closely monitoring fuel prices amid fluctuating global oil markets.

Impact Vehicle owners and logistics companies benefit from reduced fuel costs, easing operational expenses.

Sources: Yeni Safak ↗

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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