Red alert in industry
Following the policies implemented to combat inflation, the bottleneck companies are facing is deepening. Companies faced a much more severe situation in 2025. In the first seven months of the year, the number of court decisions granting temporary respite for bankruptcy cases rose to 1,617, a 105.2 percent increase compared to the same period in 2024. The number of bankruptcy cases increased by 129 percent. The contraction in production continued. The Istanbul Chamber of Industry (ISO) Turkey Manufacturing PMI fell to 45.9 percent in July. The continuous deterioration in the sector's operating conditions reached its 16th month in July. ISO Chairman Erdal Bahçıvan stated, "Alarm bells are ringing very loudly for our industry. The July ISO Turkey Manufacturing PMI and Sectoral PMI data are the most concrete indicators of this."
Bankruptcies are increasing
According to data compiled by the Press Advertisement Agency by the website Konkordatotakip.com, the number of cases for which a temporary extension decision was issued in January was 231, in February 163, in March 189, in April 199, in May 185, in June 292, and in July 358. While the number of cases for which a definitive extension decision was issued in July was 139, this figure rose to 961 in the first five months of the year.
In the same period of 2024, the number was 311. The number of cases for which definitive reprieve decisions were issued is also a 209 percent increase compared to the same period in 2024. Courts issued bankruptcy orders for 30 cases last month and 126 in all of 2025. Thus, the number of cases for which bankruptcy decisions were issued increased by 129 percent compared to the same period in 2024.
"As I've stated before, while we, as industrialists, provide the strongest and most devoted support to our country's fight against inflation, we are paying the heavy price for this responsibility," said ISO Chairman Erdal Bahçıvan. "We must now recognize that our industry has exceeded its limits of payment. Yes, the situation is very serious. No one can remain indifferent to this situation. Our industrialists' voices must be heard, and urgent action must be taken to find solutions."
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