
AI-generated summary
Historical downpours were observed in Istanbul and the Marmara region, causing flash floods and causing infrastructure and property damage.
There were heavy showers in Istanbul and the Marmara region on Wednesday, breaking the record of the last 84 years.
The showers brought flood disaster. The roads turned into lakes in a very short time. Hundreds of vehicles were swept away by flood waters and became unusable. The houses of citizens living in the entrance and basement floors were flooded.
Osman Terkan and Emir Ünlü from NTV team filmed the house of a citizen who was a flood victim in Ayazağa. Terkan stated that the houses became uninhabitable and that the mud was evacuated from the houses.
While trying to erase the traces of the flood, Istanbul Governor Davut Gül announced in his statement that approximately 5 thousand citizens were provided with cash support of 10 thousand liras each in the first stage. Gül stated that the damage assessment studies are continuing and said, "As of Monday, we will make additional support payments to our fellow citizens whose losses are more and different." he said.
While the damage caused by the flood reaches millions of liras, insurance companies are experiencing their busiest days.
After the disaster, vehicle owners are investigating whether the damage will be covered by the insurance company or the legal procedures to be followed.
According to experts, the key word that will play a role in covering the damage is "insurance insurance". However, in some cases, "flood and flood" coverage may not be included. This is a condition for the damage incurred to be paid.
Vehicles that can be repaired will ask for compensation for their damage through their insurance if they have insurance, or if they do not have insurance, either by their owner or from public authorities as a result of lawsuits that last for many years.
AI outlook — possibilities, not facts
Extra support payments will be made when the damage assessment studies are completed.
Likely · Within weeks
The Ministry of Commerce extended the compliance period for joint stock and limited companies with the new minimum capital amounts until December 31, 2027. The decision was published in the Official Gazette.
The regulation, which came into force with the notification of the Ministry of Commerce, extended the compliance period for joint stock and limited companies with the new minimum capital amounts from 31 December 2026 to 31 December 2027. The minimum capital capital was increased from 50 thousand lira to 250 thousand lira in joint stock companies, and from 10 thousand lira to 50 thousand lira in limited companies. The minimum starting capital of non-public joint stock companies that have accepted the registered capital system was increased from 100 thousand lira to 500 thousand lira.

The alleged 20 billion dollar fund crisis in Turkey shakes investment confidence and leads to a decrease in foreign direct investments. MSCI's freezing of Türkiye's indices and the risk of reducing its emerging market status shows the loss of international confidence. Investors demand transparency, effective supervision and the rule of law as capital flows abroad from Turkey.

Göktaş stated that people whose applications are approved within the scope of the project are offered interest-free loan support with a grace period of 2 years and a maturity of 48 months. The loan amount was applied as 250 thousand liras for those aged 18-25 and 200 thousand liras for those aged 26-29, depending on the age range of the applicant couples. For families with their first child, a 12-month installment grant was granted and the remaining loan was postponed for 12 months, while all repayments of families with a second child were converted into grants.

The 2027 Central Government Budget Law proposal, signed by President Recep Tayyip Erdoğan, was submitted to the Presidency of the Turkish Grand National Assembly in accordance with the Constitution. While education is the largest budget item in the budget, a 176% increase in urban transformation appropriations and a 229% increase in weapons and ammunition purchases are predicted. In 2027, budget expenses are estimated to be 27 trillion 276 billion lira and revenues are estimated to be 23 trillion 408 billion lira.

The Capital Markets Board rearranged the liquidation process of Hedef Portföy funds and filed a criminal complaint against 37 people for transactions in Vişne Madencilik and Işıklar Enerji shares, imposing a transaction ban and license cancellation.