Turkey · Country watch

Istanbul Floods Disrupt Transport, Fund Law Advances

Severe flooding in Istanbul disrupts transport; a fund regulation passes a key legislative hurdle, impacting investors.

Florent Kalfon · October 15, 2026 · 15 sources

The picture Deteriorating

Business conditions in Turkey deteriorate as severe flooding disrupts transport in Istanbul, and a key fund regulation advances, impacting financial stability.

In this briefing Turkish Parliament · Istanbul · Istanbul Airport · Sabiha Gökçen Airport

Regulation

finance

Investment Fund Regulation Advances in Parliament

The Turkish flag waving before the Ortaköy Mosque in Istanbul at golden hour — Michael Jerrard / Unsplash

The Turkish Parliament's Plan and Budget Commission has approved a bill concerning the liquidation of certain investment funds, according to Sabah. The regulation includes provisions for interim payments of up to 1 million lira to investors. This legislative move is a significant step in the process of addressing investor concerns and stabilizing the financial sector.

Impact Investors in liquidated funds are set to receive interim payments, affecting financial planning and stability.

Watch The bill now moves to the General Assembly for further consideration.

Sources: Sabah ↗

Disruption

logistics
public-sector

Istanbul Floods Disrupt Roads and Metro Services

Severe flooding in Istanbul has disrupted transportation across the city, affecting roads and metro services. According to Cumhuriyet, heavy rain led to waterlogging in several districts, including Esenler, Zincirlikuyu, and Topkapı, causing metro stations and underpasses to flood. Traffic congestion reached 89%, and many vehicles were stranded. Yeni Safak reports that the downpour also led to the collapse of a retaining wall at a school in Sultangazi. The flooding has paralyzed daily life, with significant impacts on both personal and commercial transport.

Impact Logistics operators and commuters face severe disruptions due to flooded roads and metro stations in Istanbul.

Sources: Cumhuriyet ↗, Yeni Safak ↗

logistics

Flights Diverted Due to Istanbul Weather

Istanbul's airports faced significant disruptions due to adverse weather, with 43 flights unable to land at Istanbul Airport, according to Cumhuriyet. The Ministry of Transport and Infrastructure reported that flights were redirected to other cities as heavy rain and poor visibility affected operations at both Istanbul Airport and Sabiha Gökçen Airport. This situation has caused delays and logistical challenges for airlines and passengers.

Impact Airlines and travelers experience delays and logistical issues due to flight diversions from Istanbul airports.

Sources: Cumhuriyet.com.tr: Son Dakika ↗