Turkey · Country watch

Istanbul Floods Disrupt, New Phone Installment Rules

Severe flooding in Istanbul disrupts logistics; new phone installment limits may boost retail sales.

Florent Kalfon · October 16, 2026 · 12 sources

The picture Deteriorating

Business conditions in Turkey are deteriorating due to severe flooding in Istanbul disrupting logistics and manufacturing. New phone installment rules may boost retail.

In this briefing Ministry of Trade (Turkey) · Banking Regulation and Supervision Agency · Istanbul · Cendere Road · Istanbul Deniz Otobüsleri

Regulation

retail
finance

Turkey Raises Phone Installment Limit to 40,000 TL

Crowd of people in a busy electronics store — Raymond Yeung / Unsplash

Turkey's Ministry of Trade has increased the installment limit for new mobile phones from 20,000 TL to 40,000 TL, Cumhuriyet reports. This change aligns with the Banking Regulation and Supervision Agency's decisions. For phones priced above 40,000 TL, the three-month installment limit remains, while refurbished phones can be purchased with a 12-month installment plan without a price cap.

Impact Retailers and consumers in Turkey may see increased sales and purchasing power for mobile phones due to the higher installment limit.

Sources: Yeni Safak ↗, Cumhuriyet ↗

Disruption

logistics
manufacturing

Istanbul Floods Severely Disrupt Logistics

Severe flooding in Istanbul has disrupted logistics and manufacturing, particularly affecting the Cendere Road area connecting Kağıthane, Sarıyer, and Eyüpsultan. According to Haberler.com, the industrial zone is submerged, with hundreds of vehicles underwater. Firefighters are evacuating stranded residents using boats. The floods have severely impacted transportation and business operations in this key industrial corridor.

Impact Logistics and manufacturing operations in Istanbul face significant disruptions due to severe flooding.

Sources: Haberler.com ↗, Yeni Safak ↗

logistics
tourism

Istanbul Ferry Services Cancelled Due to Weather

Istanbul Deniz Otobüsleri (İDO) has cancelled several ferry services due to adverse weather conditions, Cumhuriyet reports. The affected routes include connections between Bursa, Armutlu, Bandırma, Yenikapı, and Kadıköy. The cancellations are expected to disrupt passenger travel and logistics, particularly impacting tourism and commuter traffic across these key routes.

Impact Travelers and logistics companies face disruptions as key ferry services in Istanbul are cancelled due to weather.

Sources: Cumhuriyet ↗