Page 13 - TURKRptFeb21

the recent Turkish lira and Borsa Istanbul rallies that began on November 9, with the declared change in direction of Turkey’s monetary policy towards tightening. Calls for a correction in prices are spreading.
2.4​ ​Politics - shorts
Turkey is ​facing​ a drought. In western and central parts of Turkey, rainfall decreased​ 50% y/y in November and 53% y/y in December.
The energy ministers of Turkey and Azerbaijan on December 15 ​signed​ a memorandum of understanding (MoU) for the construction of a natural gas pipeline from Turkey to the Azerbaijani exclave of Nakhchivan.
Turkey’s Tekfen ​inked​ €218mn deal to build Azerbaijani central bank HQ.
Erdogan-affiliated Demiroren Holding will ​operate​ Azerbaijan’s state lottery.
Scientists are ​sounding​ the alarm over how much damage could be inflicted by a big earthquake in Istanbul, a city of 15mn full of unregulated construction and old building stock.
Turkish opposition party Iyi on December 7 ​called​ for Turkey to hold early elections.
No ​breaks​ in raids and arrests for pro-Kurdish Peoples' Democratic Party (HDP).
Trump ​hit​ Turkey with “softball sanctions” over S-400s.
Saudi Arabia has formally ​suspended​ imports of meat, eggs and other products from Turkey as of November 15. Turkey’s exports to Saudi Arabia fell 16% in the first 10 months of this year to $2.23bn.
Russia's AEM Technology has reportedly ​completed​ the manufacture of the reactor cover for unit 1 of Turkey’s planned first nuclear power plant, Akkuyu.
An opposition lawmaker, Ali Mahir Basarir, ​claimed​ that there is a crack in the cement foundation of the Akkuyu plant.
The EU ​decided​ to hold off on imposing sanctions against Ankara.
13​ TURKEY Country Report​ February 2021 ​ ​www.intellinews.com