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8.2 Major corporate news
8.2.1 Oil & gas corporate news
8.2.2 Automotive corporate news
Botas will deliver up to 1.7bn cubic metres (m3) of natural gas by December 31, 2024 to Azerbaijan-controlled SOCAR Turkey.
Oyak Renault suspended production starting January 25 for 15 days due to a shortage of semiconductors.
Other carmakers also halted production for three days due to electricity shortages.
A three-day production suspension would cost Turkey’s automotive industry a billion dollars, Albert Saydam, chair of the Automotive Suppliers’ Association of Turkey, TAYSAD, said.
8.2.3 Transport corporate news
8.2.4 Agriculture corporate news
8.2.5 TMT corporate news
Turkish Airlines (THYAO) served a total of 45mn passengers in 2021, down from 74mn in 2019. The flag carrier does not provide data for pandemic-hit 2020.
Anadolu Efes (AEFES) increased its consolidated sales volume by 12% y/y to 12bn litres in 2021, the company said on January 11. Efes has a 50.26% stake in Coca-Cola Icecek (CCOLA).
PackUpp, which provides fast delivery services to e-commerce companies, plans a Series A round in 2022 for foreign investors.
Figopara is planning to close a new funding round in Q1 2022.
Hackers linked with the governments of Iran, Turkey, China and North Korea have moved to exploit a critical flaw in Java-based software used by big tech companies worldwide, Microsoft (Nasdaq/MSFT) warned December 14.
The City of Amsterdam has banned fast-delivery grocery operators, including Turkey’s Getir and peers Gorillas and Flink, from opening further small distribution centres, known as “dark stores”, in residential areas and nearby shopping centres for one year. Problems caused by noise and scooter traffic associated with the buildings, as well as the dark windows of the stores, were the reasons for the introduction of the ban.
8.2.6 Metallurgy & mining corporate news
BMS Celik (BMSCH) made its first wire mesh sale to the US.
72 TURKEY Country Report February 2022
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