Stories from Istanbul · Turkey

Reysaş Taşımacılık shareholders approved a proposal during the April 29, 2026, general assembly to not distribute profits for the 2025 fiscal year. The decision was finalized during the company's annual meeting.

Approximately 400 ships are currently waiting to transport oil, according to a technical expert. The expert noted that oil typically needs to be shipped within 60 days to maintain quality.

A ceremony was held in Taksim today ahead of the Labor and Solidarity Day celebrations. The event commemorated 34 people who lost their lives at Kazancı Yokuşu in 1927. The ceremony marked the 99th anniversary of the incident.

Airlines are expressing concerns regarding potential bankruptcy due to disruptions in logistics and transport sectors. Lufthansa reportedly anticipates 20,000 flight disruptions. The situation is being compared to the impact of the Iran-Iraq war on Gulf countries. The source noted that the current crisis cannot be explained by vehicle availability alone.

Professor Mustafa Sarı announced that five species of seagrass have been identified and mapped in the seas surrounding Turkey. Four of these are native species, while one is an introduced non-native species. The project includes the well-known Posidonia oceanica.

Water at the point where Küçükçekmece Lake meets the Sea of Marmara has suddenly turned red. The phenomenon was observed in the Küçükçekmece district of Istanbul.

Turkey is acting as a critical player in transporting regional energy and oil to Europe. Two Iraqi nations are reportedly showing positive interest in a planned energy pipeline through Turkey. The role of Turkey is described as a key actor for both itself and other regional countries. The source noted that vision and prudent political decisions will be necessary to navigate decision-making mechanisms in the European Union. This new system shifts global powers from a primary source to a beneficiary, with transit revenues securing costs. The report questions whether this will alter the regional balance and potential damage. The final situation regarding energy shortages and the economic effects of war in Turkey will be processed.

Utilizing the Middle Corridor through Turkey could reduce trade transit time to the European Union from 45 days to 15 days. The route involves the transport of nearly 10 million containers per month.

A new regulation in Turkey requires all real estate purchases and sales to be processed through a bank-mediated payment system. Once approved, the amount will be transferred directly to the seller's account. A service fee will be charged for each transaction and deducted from the amount transferred to the seller. The system will not be mandatory until July 1. The system aims to regulate the buying and selling of property to ensure transaction security. Officials noted that while the exact timing of earthquakes cannot be predicted, preparedness is essential given the 700 fault lines in Turkey. The broadcast said that the new system will change how property sales are conducted. New regulations in Turkey require that part or all of real estate purchase payments be processed through a formal payment system.

The process of creating a 'terrorism-free Turkey' is described as a primary driver for the nation's economic advancement. The Turkish counter-terrorism process is described as a locomotive for increasing economic competitiveness.