Page 16 - TURKRptJul21

Jan-21
Yilmaden Holding
Mining
-
Chrome enrichment
300,000 tons
Kazakhstan
Jan-21
Huawei/China
Mobile phone
claim
Montage plant
-
Turkey
Jan-21
Alcatel/China
Mobile phone
claim
Montage plant
-
Turkey
Jan-21
Tecno Mobile/China
Mobile phone
$25mn
Montage plant
-
Istanbul
Jan-21
Yunsa (YUNSA)
Textile
€4mn
machinery
-
Cerkezkoy
Jan-21
Daikin Turkey/Japan
Air conditioning
$53mn
Capacity increase
-
Sakarya
Jan-21
Aras Kargo
Logistics/parcel
TRY1bn
IT/Operational
-
Anatolia
Jan-21
Lotte Chemical/Korea
Quartz surface
-
Engineered stone capacity
120,000 units
Manisa
Jan-21
Butug Insaat
Forestry
$5.2mn
Production plant
18,000m3
Kazakhstan
Jan-21
Akdeniz Chemson/Oyak
Chemicals
-
Zinc borate plant
3,000 tons
Izmir
Jan-21
Sumoteks
Ready-wear
-
Production plant
-
Kocaeli
Dec-20
Star Refinery
Oil
$45mn
Revision
done
Izmir
Dec-20
Star Refinery
Oil
$600mn
Storage
0.34mn m3
Izmir
Dec-20
Sasa (SASA)
Textile
$150mn
Chips plant
0.33mn tons
Adana
4.5 Labour and income
4.5.1 Labour market, unemployment dynamics
4.5.2 Income dynamics
A seasonally adjusted measure of labour underutilisation, or wide-scope unemployment, increased to 27.4% in April from 25.7% in March.
Turkey’s net minimum wage of TRY 2,826 ($333) per month is below again the hunger threshold for a family of four of TRY 2,830, according to the yellow labour union TURK-IS.
4.5.3 Retail sector dynamics
Turkey’s official seasonally and calendar-adjusted retail sales index was down 6% m/m in April while calendar-adjusted index was up 42% y/y.
Home sales in Turkey in May moved up by 16% y/y to 59,200 units. In January-May, sales declined by 4% y/y to 418,000 units.
16 TURKEY Country Report July 2021 www.intellinews.com