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increase its oil refining volume by 6% y/y to 11mn tonnes in 2021 from 10.4mn tonnes in 2020.
8.2.2 Automotive corporate news 8.2.3 Transport corporate news
Ford Otosan is constructing an electric vehicle battery assembly plant in the industrial province of Kocaeli.
Turkish Airlines served a total of 28mn passengers in the whole of 2020, marking a 62.4% decline from 2019.
The number of domestic passengers declined nearly 55% to 13.8mn while the international passenger tally plunged 68% y/y to 14.1mn.
The flag carrier’s latest financials showed that its revenues dropped 50% y/y to $4.96bn in the first nine months of 2020. It posted a net loss of $786mn for January-September versus a net income of $452mn for the same period a year earlier. In the third quarter of last year, the carrier’s revenues declined nearly 62% y/y to $1.5bn while it recorded a net loss of $132mn.
8.2.3 Retail corporate news
8.2.4 Agriculture corporate news
8.2.5 TMT corporate news
Migros opened 183 stores in 2020, up from the 160 target. Its total net sales area reached 1.58mn m2 at end-2020, up from 1.54mn at end-2019.
Migros as of end-2020 had 2,289 stores in Turkey.
The company also has two Ramstores in Kazakhstan and 28 Ramstores in North Macedonia.
Turkish AB InBev Efes’ volumes in Russia increased in the low double digits in 3Q20, outperforming the market and strengthening its leadership position with a total market share of close to 30%.
Istanbul-listed Coca Cola Icecek (CCOLA), controlled by local conglomerate Anadolu Group, is targeting an increase in its consolidated sales volume of 4-6% y/y in 2021.
Google’s YouTube, China’s TikTok, France’s video-sharing platform Dailymotion, the US’ LinkedIn, Russia’s VKontakte appointed representatives in Turkey in line with the country’s new social media law.
Facebook will appoint too.
Turkey’s Information and Communication Technologies Authority imposed
advertising bans on Twitter, Periscope and Pinterest.
In April, the bandwidth of rebel companies will be throttled by an initial 50%. In May, the throttling will be stepped up to 90% if the companies have still not complied with the demand for the appointment of a local representative.
The throttling would thus become so severe that any platform impacted by it
46 TURKEY Country Report February 2021
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