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You are reading news about Türkiye in English.

Türkiye on Wednesday, 16 September 2026

16 September 2026 Today's summary

Sharp fall on the stock market, the Istanbul Municipality case and the CHP congress

The BIST 100 index on Borsa Istanbul closed down 5.54%, and it was announced that the Financial Stability Committee would meet on the morning of 17 September. On the same day the US Federal Reserve raised its interest rate by 25 basis points, while Şimşek said disinflation was not proceeding at the desired pace and Özel proposed scrapping fuel taxes.

The BIST 100 index on Borsa Istanbul closed down 5.54%, and it was announced that the Financial Stability Committee would meet on the morning of 17 September. On the same day the US Federal Reserve raised its interest rate by 25 basis points, while Şimşek said disinflation was not proceeding at the desired pace and Özel proposed scrapping fuel taxes.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberDaily SabahDaily SabahBloomberg HTBloomberg HTAykırıAykırıBBC TürkçeBBC Türkçe+17

In the judiciary and politics, statements from defendants released without arrest in the Istanbul Municipality case were taken, and CHP spokesman Sarı said the legal obstacle to the congress was removed with the withdrawal of the appeal in the absolute nullity case. Arrests and social media access bans stemming from the investigations in Istanbul and Izmir were also on the agenda.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberA HaberA HaberBianetBianetBirGünBirGünDW TürkçeDW Türkçe+17

In sports and culture, the 2027 Formula 1 calendar, Beşiktaş and Trabzonspor news and Münir Canar's death were covered.Anadolu Ajansı (spor)Anadolu Ajansı (spor)TRT Haber (manşet)TRT Haber (manşet)Daily SabahDaily SabahEkonomimEkonomimBirGünBirGünEuronews TürkçeEuronews Türkçe+11

Where the press disagrees today3/38Past days

BIST 100 falls 5.54%, Financial Stability Committee to meet in the morning

BIST 100 fell 5.54% to 13,122.58 points on 16 September, driven by a portfolio company defaulting on fund payments and Middle East tensions. The Financial Stability Committee will convene on 17 September at 08:00 under Minister Mehmet Şimşek.

Economy

Fed raises policy rate by 25 basis points, rate climbs to 3.75-4% range

The Fed raised interest rates for the first time since 2023, unanimously lifting the policy rate to the 3.75-4% range. The bank raised its year-end rate expectation to 4.1%, with 16 of 18 officials projecting at least one more hike this year.

Economy

Şimşek: We will not give up on disinflation even during the election process

Treasury and Finance Minister Mehmet Şimşek said disinflation is not progressing at the desired pace but will be maintained during the election period. He said year-end inflation would have been around 20-22% without the war, and civil servant and pensioner salaries would rise at least as much as inflation.

5
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Hearings continue in İBB case, defendants not under arrest present defense

At the 82nd hearing of the İBB case, defendants not under arrest presented their defense; Babacan denied the bribery allegation and Karakaya denied claims that he had organized the tenders himself. In a separate development, the lawyer for İPA Head Buğra Gökçe requested release, stating that the maximum detention period had expired.

8
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Hürriyet and Sabah +2: Yeniçağ and Evrensel

Where reports differ

Conservative Sabah and Hürriyet highlighted the content of the indictment, reporting that İmamoğlu was portrayed as the "leader of the organization," that an assessment of approximately 160 billion lira in public damages related to 143 acts had been made, and conveyed the sentences sought.
Opposition and Independent Medyascope, Independent Türkçe, BirGün and Yeniçağ highlighted the defendants' denials of the charges and the statement "there is no bribery situation," and also reported on the request for release by Buğra Gökçe's lawyer on grounds that the maximum detention period had expired.

Politics

CHP spokesperson Sarı: No legal obstacle remains before the congress

CHP spokesperson Müslim Sarı said the appeal filed with the Court of Cassation (Yargıtay) in the absolute nullity case had been withdrawn, and that other plaintiffs had also dropped their cases, meaning no legal obstacle remained before the congress. The ruling is expected to become final within 1 to 1.5 months.

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Sabah and Hürriyet

Politics

Politics 6

Bahçeli: No villa in İmralı, a 250-square-meter residence was built within prison grounds

MHP leader Bahçeli said no 'villa' had been built on İmralı, but rather a 250-square-meter residence within the prison compound. Bahçeli reiterated that MHP's candidate in the next election would be President Erdoğan.

7

Politics

New service-score-based system introduced for judge and prosecutor appointments

Justice Minister Akın Gürlek announced that with the HSK's 16 September decision, service points and point rankings will be the basic criterion in judge and prosecutor assignments, and the east-west distinction will be removed. The new system will take effect with the 2027 Annual Decree.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: NTV and Hürriyet +3: Habertürk, NTV and Hürriyet

Politics

Prison sentence and release order issued for Nasuh Mahruki

Bakırköy 57th Criminal Court of First Instance sentenced former AKUT Chairman Nasuh Mahruki, who was on trial over a July 15 social media post, to 1 year and 3 months in prison, suspended the announcement of the verdict, and ordered the release of Mahruki, who had been in detention for about two months.

9
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: A Haber and NTV +2: Bianet and Diken

Politics

MİT chief Kalın holds security talks in Kabul and Kandahar

Intelligence agency MİT head İbrahim Kalın held talks in Kabul and Kandahar with General Directorate of Intelligence head Abdulhak Vasık and three ministers of the caretaker government on security cooperation and counterterrorism.

Politics

29 detained in investigation into Seferihisar Municipality

In İzmir, of 47 suspects referred to court in a bribery investigation into Seferihisar Municipality, 29 were arrested and 17 were released under judicial supervision. Those arrested include two CHP municipal council members.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Tahsin Usta, who switched to AK Party, appointed deputy mayor in Üsküdar

Tahsin Usta, a council member who switched from CHP to AK Party ahead of a deputy mayoral election in Üsküdar, was appointed deputy mayor by Acting Mayor Dündar Ziya Gültekin. Usta will oversee the Disaster Affairs, Health Affairs and Social Services directorates.

6

Politics

Economy 6

Hedef Holding Chairman Namık Kemal Gökalp detained

Namık Kemal Gökalp, board chairman of Hedef Holding and İnfo Yatırım, was detained in Istanbul on September 16 as part of an investigation. The holding said Gökalp had been invited to the police station and that the company had no connection to the investigation.

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: Evrensel, Yeniçağ and Halk TV +4: Cumhuriyet, Evrensel, Yeniçağ and Halk TV

Economy

Tera Portföy declares default in two funds, payment periods extended in six funds

On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: BirGün and Evrensel +3: Cumhuriyet, BirGün and Evrensel

Where reports differ

Independent Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.
Opposition Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.

Economy

Özel reacts to diesel price hike, calls for removal of fuel taxes

Özgür Özel said the per-liter price of diesel would exceed 100 lira at midnight on September 16, with 20 lira of that coming from special consumption tax (ÖTV) and VAT. Özel called for fuel taxes to be removed immediately.

Economy

Investigation opened into former Borsa Istanbul chief Turhan over social media posts

The Istanbul Chief Public Prosecutor's Office launched an ex officio investigation into former Borsa Istanbul (BIST) chairman İbrahim Mustafa Turhan over social media posts alleged to be capable of creating fear and panic in the capital markets. The investigation came after BIST 100 lost more than 6%, triggering a circuit breaker.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Dünya and Serbestiyet

Economy

Banking regulator: deposit insurance fund to exercise shareholder rights at Golden Global Investment Bank

Banking regulator BDDK decided that shareholder rights attached to the 99.98% stake in Golden Global Investment Bank, which is facing a liquidity problem, will be exercised by the Savings Deposit Insurance Fund (TMSF), without transferring ownership of the shares. The United States placed the bank on its sanctions list on September 4 over alleged Iran-linked transactions, which the bank denied.

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Diken and Serbestiyet

Economy

Housing prices rose 0.9% monthly in August, ninth month of real decline

According to the Central Bank (TCMB), housing prices rose 0.9% monthly and 23% annually in August but fell 6.5% annually in real terms adjusted for inflation. The real decline extended to a ninth month, while the new-tenant rent index fell 3.9% in real terms in July.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

National 7

Istanbul Chief Prosecutor's Office: Access blocked to 419 social media accounts

The Istanbul Chief Prosecutor's Office blocked access to 419 social media accounts and one link over allegedly obscene content. According to the Freedom of Expression Association (İFÖD), the blocked accounts include journalists İrfan Değirmenci and Şirin Payzın as well as some women's organizations.

National

Expert examination ordered for "Kurtlar Vadisi Pusu" series in Kozinoğlu investigation

The Silivri Chief Public Prosecutor's Office ordered an expert examination in the investigation into the 2011 death of former MİT officer Kaşif Kozinoğlu, covering allegations that the TV series 'Kurtlar Vadisi Pusu' depicted a character being killed as a "traitor to the homeland" and contained FETÖ propaganda involving vehicles with "FG" plates. Three screenwriters of the series gave statements, and proceedings were launched against 11 suspects in the investigation.

8
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Daily Sabah and Habertürk

National

İBB Council unanimously approves 1-lira monthly transit pass support for students

The İstanbul Metropolitan Municipality (İBB) Council unanimously approved a proposal granting students who load a transit pass between September 21 and October 17 a one-time monthly pass for 1 lira (TL). During discussions it was noted that the student transit pass fee had risen from 40 lira to 653 lira between 2019 and 2026.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Halk TV and Cumhuriyet +3: BirGün, Halk TV and Cumhuriyet

National

Zonguldak: mother and father arrested over allegedly chaining 17-year-old daughter

In Zonguldak, a father and mother accused of beating their 17-year-old daughter and chaining her to a bed were arrested. Gendarmerie found the girl handcuffed and chained, while bruises were detected on four siblings, who were placed under state protection.

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: Habertürk, Yeni Şafak and CNN Türk +4: A Haber, Habertürk, Yeni Şafak and CNN Türk

National

Chain collision in sandstorm in Aksaray: 7 vehicles crash, 16 injured

On the Aksaray-Konya highway, a sandstorm reduced visibility, causing a collision involving 2 shuttle minibuses, 2 cars and 3 light commercial vehicles, injuring 16 people. The injured were taken to hospitals, and the gendarmerie launched an investigation.

5
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

National

Foreign Affairs 4

Türkiye condemns drone attempt targeting Mecca; Houthis deny the claim

Saudi Arabia announced it destroyed a drone south of Mecca on the evening of September 15. Türkiye's Foreign Ministry condemned what it said was a Houthi attempt to target Mecca, while the Houthis denied the claim, saying they had only targeted oil facilities and military bases.

Where reports differ

State and Conservative TRT Haber and Hürriyet reported the incident as a Houthi attack attempt targeting Mecca and highlighted Türkiye's condemnation statement along with reactions from AK Party and Communications Directorate officials.
Opposition and Foreign Evrensel and DW Turkish presented the report as a "claim," and also conveyed Houthi officials' statement that "the claim that Mecca was targeted is a stale lie," as well as the Houthis' counter-claims regarding Saudi airstrikes.

Foreign Affairs

51st Commando Brigade relocated to Söke, Fidan calls on Greece for "good neighborliness"

The 51st Commando Brigade, previously stationed in Tunceli, has been relocated to Söke in Aydın province, opposite Greece's Samos Island, with about 2,000 troops now deployed there. Foreign Minister Hakan Fidan called on Greece for good neighborliness, saying the militarization of the islands poses a threat.

3
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Yeni Şafak and Daily Sabah

Foreign Affairs

Interior Minister Çiftçi meets Iranian counterpart Momeni in Ankara

Interior Minister Mustafa Çiftçi met his Iranian counterpart Eskandar Momeni in Ankara to discuss the 'Terror-Free Türkiye' process, PKK's Iranian offshoot PJAK, and the fight against drug trafficking. Çiftçi said 32,848 people were detained this year in 38,915 anti-drug operations.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Foreign Affairs

Turkish businessman and 4 passengers killed in plane crash in Colombia

Colombian President Abelardo de la Espriella announced that the aircraft that went missing on September 13 was found, and that Turkish businessman Mehmet Çankaya and 4 Colombian passengers on board had died. Rescue teams, hindered by rugged terrain, reached the wreckage by land only three days later.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Foreign Affairs

Sport 5

Beşiktaş hosts Marseille in Europa League opening week

Beşiktaş will host Olympique de Marseille at Tüpraş Stadium at 22:00 on September 17 in the opening week of the Europa League, marking their 265th match in European cups. Whether captain Orkun Kökçü, sidelined with a toe injury, will play will be decided on match day.

UELFT
Beşiktaş4 – 1Marseille
9
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: NTV Spor and Dünya +2: Cumhuriyet and Halk TV

Sport

Trabzonspor's new head coach is Thomas Reis

Two weeks after Fatih Tekke's departure, Trabzonspor reached an agreement in principle with German coach Thomas Reis. The 52-year-old Reis is expected to be on the bench for the September 19 match against Galatasaray.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Sport

Fenerbahçe management backs Yıldırım, president reacts to commentator

Fenerbahçe Vice President Barış Göktürk said they trust Aziz Yıldırım and believe he will make them champions. Yıldırım, meanwhile, announced that İsmail Kartal will remain in his post, and hit back at commentator Emre Bol over remarks about his daughter, calling him one of the 'crypto FETÖ members'.

8
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: Halk TV, Yeniçağ and BirGün +4: Evrensel, Halk TV, Yeniçağ and BirGün

Sport

Culture 3

Ersoy reopens 5 mosques and a castle restored in Kahramanmaraş

Culture and Tourism Minister Mehmet Nuri Ersoy reopened Kahramanmaraş Castle, damaged in the 6 February earthquake, to visitors and 5 mosques to worship after restoration. The ministry has so far used resources exceeding 12.2 billion lira in 11 provinces affected by the earthquake, and total investment is targeted to reach 34 billion lira.

6
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: NTV, Yeni Şafak and Sabah +4: Hürriyet, NTV, Yeni Şafak and Sabah

Culture

Hrant Dink Award given to Süheyla Doğan and Raji Sourani

The 18th International Hrant Dink Award was presented on the evening of September 15 at a ceremony in Istanbul to Süheyla Doğan of Türkiye and Raji Sourani of Palestine. Foundation President Rakel Dink and writer Tûba Çandar also spoke at the ceremony.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Culture

Tech 2

5 detained in software firm data probe in MİT-coordinated operation

Coordinated by intelligence agency MİT, the Cybersecurity Directorate and Gendarmerie raided Ankara-based Aydo Yazılım, a company selling software to trade unions, detaining five people including the company owner. Investigators found a hidden interface added to union software allowed access to leaked data, and that databases included records of people under 18.

Tech

HÜRKUŞ-II completes acceptance tests, preparations for delivery to Air Force begin

Defense Industry President Haluk Görgün announced that acceptance tests for the HÜRKUŞ-II have been completed and the aircraft will be delivered to the Air Force shortly. In a HÜRJET flight the same day, ASELSAN's MURAD AESA radar detected and locked onto another HÜRJET.

8
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Sabah and NTV +3: A Haber, Sabah and NTV

Tech

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