Turkey · Country watch
Environmental Regulation Change, Istanbul Traffic Alert
Turkey revises environmental regulations and announces major traffic changes in Istanbul, affecting construction and logistics sectors.
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Business conditions in Turkey are mixed as new environmental regulations and traffic disruptions in Istanbul present challenges, while market volatility continues.
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In this briefing Environmental Impact Assessment Regulation · Bakırköy · D-100 İncirli Bridge · Turkish lira · gold prices
Regulation
Environmental Impact Assessment Regulation Amended
Turkey has amended its Environmental Impact Assessment (EIA) Regulation, according to Milat Gazetesi and Haber7.com. The changes, now published in the Official Gazette, are intended to streamline procedures and align with EU standards. The revision aims to enhance environmental protection measures and improve the efficiency of project approvals. This regulatory update is expected to impact the construction sector significantly, as projects will need to comply with the new requirements.
Impact Construction firms must adjust to new environmental assessment procedures, potentially affecting project timelines and costs.
Sources: milatgazetesi.COM ↗, haber7.com ↗
Disruption
Istanbul Traffic Disruption for Bridge Works
Major traffic disruptions are expected in Istanbul's Bakırköy district due to bridge works, according to Mynet Haber. Starting on 8 November, a 15-day traffic regulation will be implemented at the D-100 İncirli Bridge, while a 180-day project will begin on Adnan Kahveci Boulevard. These works are part of infrastructure improvements and will result in road closures and detours, affecting traffic flow and logistics operations in the area.
Impact Logistics companies and commuters in Istanbul will face delays and detours due to extended roadworks in Bakırköy.
Sources: mynet haber ↗
Markets
Turkish Lira and Gold Prices Rise
The Turkish lira experienced a slight increase against major currencies this week, with the dollar rising by 0.42% and the euro by 0.37%, according to Diken. Gold prices also saw a significant rise, with gram gold increasing by 3.57%. The British pound and Swiss franc also appreciated against the lira, with increases of 0.24% and 0.89%, respectively. These movements reflect ongoing volatility in the currency and commodity markets.
Impact Importers and financial institutions face higher costs due to the lira's depreciation against major currencies.
Sources: Diken ↗
Nothing significant reported today in Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- Piyasalarda gözler ABD enflasyonunda — Haber Turk
- Fransa'da büyük protesto hazırlığı: 70 bin güvenlik gücü alarma geçirildi — Cumhuriyet.com.tr: Son Dakika
- Fransa'nın başkenti Paris'te protesto düzenledi — Hürriyet
- Hükümet kurma yetkisini alacak Eisenkot acil durum hükümeti kurulmasını istedi — Haberler.com
- BIST 100'den yüzde 6'lık ralli, altında yeni zirve: İşte haftanın kazandıranları — Cumhuriyet.com.tr: Son Dakika
- İsrail'de hükümeti kurma görevi Netanyahu'nun rakibi Eisenkot'a verildi — Diken
- Japonya Merkez Bankası Başkanı Ueda'dan enflasyon uyarısı: 'Tüketici fiyatları gelecek yıl daha da artacak' — Cumhuriyet.com.tr: Son Dakika
- İsrail'de Netanyahu karşıtı gösteri: "Arap partileriyle hükümet kurulsun" pankartları — STAR
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Córdoba Commerce Declines; Bat Rabies Alert
- Brazil: New Meal Voucher Rules, São Paulo Storm Alerts
- Canada: Avian Flu in Quebec, Canadian Travel Shifts
- China: US Sanctions Chinese Firms, Tiger Brokers' HK Focus
- Colombia: Drone Attack in Bolívar, Ecopetrol Sale Proposal
- Germany: Frankfurt Protests, Hormuz Tanker Explosions
- Egypt: Al-Sisi Plans Crisis Stockpile, Border Attack Condemned
- Spain: Bus Company Fined, Foreign Work Permits Rise
- France: France Faces New Protests, Smartbox Cyberattack
- United Kingdom: Scottish A&E Deaths, M8 Closure, Soup Recall
- Indonesia: Gambir Fire Disrupts Rail, KAI Cancels Japanese Imports
- Israel: Eisenkot's Mandate, Flood Warnings, TASE Decline
- India: SEBI Rule Change, Defence Exports Surge
- Iraq: Iraq-Syria Water Accord, US Embassy Security Alert
- Iran: Hormuz Closure, Missile Range Lift, Internet Disruptions
- Italy: Brenner Tunnel Cyberattack, Italy Protests, Export Surge
- Jordan: Amman Exports Surge, Terror Laws Under Review
- Japan: Aichi Earthquake Disrupts, Japan Prioritizes Investments
- Kenya: KRA Issues Notice, Digital Loans Surge
- South Korea: Mirae Asset Data Breach, Persimmon Exports to China
- Lebanon: Lebanon Power Outage, Protests Disrupt Transport
- Morocco: New Notarial Law, Fuel Tax Hike, Garlic Import Tensions
- Mexico: H5N1 Outbreak in Yucatán, Protests Disrupt Judiciary
- Malaysia: Floods Worsen in Selangor; Thunderstorm Alert Issued
- Nigeria: FG Halts NTI Admissions, Power Supply to Improve
- Netherlands: Dutch Fuel Prices Drop, Tax Plan Faces Crucial Vote
- Poland: Poland's Rating Downgrade, Krakow Security Measures
- Portugal: Portugal Budget Proposals Surge, Housing Protests Continue
- Russia: Russia Resumes Pig Iron Exports, Weather Warnings Issued
- Senegal: Senegal Budget Rejected Again, Import Ban Lifted
- Syria: Syrian Pound Falls, Dollar Nears 200, Gulf Markets Gain
- United States: US Offers $20M for Iran Intel, Port Closure Disrupts Trade
- Vietnam: US Dollar Weakens, New Wind Power Plant in Gia Lai
- Yemen: Taiz Child Immunization Blocked; Market Stalls in Ma'awiya
- South Africa: IEC Orders Recounts, Coalition Talks Begin