Page 5 - TURKRptSep20

Electricity consumption ​downed​ 0.5% y/y in July. Weekly card expenditure remained above TRY20bn.
Zynga ​bought​ Istanbul-based Rollic for $168mn.
Turkey’s gas imports from Russia, Iran ​declined​ sharply in H1 as LNG and
Azerbaijani gas imports grew.
Russia’s Oteko energy group is ​selling​ remaining assets in Turkey.
Mortgage financed home sales in Turkey ​leapt​ 900% in July. Vehicle sales jumped 388% y/y. Lira devaluation is ​expected​ to reverse the trend in August.
Foreign tourist arrivals in Turkey ​collapsed​ 86% y/y in July.
5​ TURKEY Country Report​ September 2020 ​ ​www.intellinews.com