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May-20
Fio Gaz
-
-
Pietro Fiorentini/Italy
-
Mar-20
Petrogas
100%
-
Reform Ham Petrol
Feb-20
Naturelgaz
100%
-
Socar Turkey LNG
-
Feb-20
Polat Enerji
-
mandate
Barclays
PSP, EDF, Batiyel
Jan-20
Total, M Oil
100%
$360mn
Oyak
Demiroren
Jul-20
Petgaz
-
$60mn
BDY
Oteko/Russia
May-19
Ictas Surdurulebilir
-
$100mn
EBRD
IC Energy Holding
Jan-19
EWE Turkey/Bursagaz/Kayserigaz
100%
-
Socar/Azerbaijan
EWE/Germany
8.1.2 Automotive sector news
Turkey’s automotive production dropped 11% y/y in 2020.
Combined sales of passenger cars and light commercial vehicles (LCVs) in Turkey increased by 61% y/y in 2020 to 773,000 units, according data from trade group ODD.
Passenger car sales grew nearly 58% y/y to 610,000 units. The LCV market expanded 77% y/y to 163,000 units.
In 2020 as a whole, Renault was the market leader in the passenger car segment at 98,900 units sold, followed by Fiat at 92,000 and Volkswagen at 53,000. Toyota and Peugeot were the fourth and fifth best-selling brands at 39,000 and 37,000 units, respectively.
In 2019, a total of 479,000 vehicles were sold in Turkey versus 621,000 units in 2018 and 956,000 in 2017.
8.1.3 Transport sector news
Turkey’s 51 airports hosted 82mn passengers in 2020, down 61% y/y.
The number of domestic passengers dropped 50% y/y to 49.6mn while the
international passenger tally declined 71% y/y to 32mn.
Istanbul Airport, Turkey’s mega airport, saw a 55% decline in passengers to 23mn in 2020. A total of 16mn international travellers used the airport, representing a 59% y/y drop. It served 12mn domestic passengers, down 41% y/y.
Turkish airports handled more than 1mn plane flights including overflights last year, down from 2.03mn in 2019.
Data also showed that cargo traffic fell 30% to 2.4mn tonnes in 2020.
Turkey is expecting to fall around $20bn short of its 2020 international tourism target because of Covid impacts.
8.1.4 Construction & Real estate sector news
Turkish housing sales sank 47.6% y/y in December to 105,981 homes, recording a fall for the fourth consecutive month as borrowing costs rose from a summer low as Turkey’s latest cheap credit boom came to an end.
Mortgage sales fell 70.9% and accounted for nearly 14% of total sales.
In 2020 as a whole, house sales rose 11.2% to 1.5mn units from the previous
41 TURKEY Country Report February 2021 www.intellinews.com