Page 5 - TURKRptJul21

1.0 Executive summary
Turkish state in action: A 20-year-old woman in the Izmir office of Turkey's main pro-Kurdish party HDP was shot dead on June 17 by a man who stormed the premises shortly before he attempted to set it on fire. Mafioso Sedat Peker scandal is growing. Turkey's trade minister, Mehmet Mus, announced on June 16 that customs officers have made the largest seizure of cocaine, 1 tonne, in Turkish history.
The “West” behind Recep Tayyip Erdogan: Erdogan is subcontracting the Afghanistan mission from the US. Germany is moving ahead with submarine sales to Turkey. Turkish constitutional court on June 21 accepted the indictment to close the main pro-Kurdish party HDP. Sezgin Baran Korkmaz, a Turkish “businessman”, was on June 19 arrested by police in Austria at the request of the US.
“Regarding [new coronavirus] cases, we don’t believe the numbers are correct. Probably we should multiply the official rate by three,” Vedat Bulut, secretary-general of the Turkish Medical Association (TTB) executive committee, said on June 1. Foreign tourists are coming.
Only 6% of Turks believe the official inflation data.
The banking watchdog BDDK extended its regulatory forbearance measures
for local banks until end-September.
Akbank (AKBNK), Anadolu Efes (AEFES), Sasa Polyester (SASA), Turk Eximbank sold eurobonds.
Denizbank obtained a syndicated loan with a Chinese yuan tranche. Turkey has a huge trade deficit with China.
The Industrial Development Bank of Turkey (TSKB) has a $150mn syndicated loan maturing in July prior to Akbank (AKBNK) launching the autumn season for Turkish banks’ syndicated loan renewals. The spring season for Turkish banks syndicated loan rollovers was concluded with an average renewal rate of slightly above 100%.
Citigroup has decided to shut down its brokerage house in Turkey.
Turkey asked for bids by a June 30 deadline for the supply of 395,000 tonnes of imported red milling wheat and 320,000 tonnes of imported animal feed barley.
The so-called “sea snot”: The corpse of the Sea of Marmara is decaying. It is spreading to the Black Sea and the Aegean.
5 TURKEY Country Report July 2021 www.intellinews.com