Page 6 - TURKRptApr21

Turkey’s 1GW solar tender attracted bids of 9GW.
Turkey’s crude oil imports declined 5% y/y in 2020 while natural gas imports
were up 6% y/y.
Brent oil price in Turkish lira set a new record.
All commodity prices including oil have been rising on supply shortages and financial speculation. One positive side for Turkey is that the booming prices appear to have no impact in the country's official inflation figures. When it comes to the trade balance, the deterioration brought about by the rising oil prices is not open to discussion.
Turkish speculator became Azerbaijan’s top partner in Istanbul-listed Petkim. The 2020 financials season at Borsa Istanbul ended. Dividend plans releases
are progressing.
Norway’s wealth fund has cut its exposure to Turkey in 2020.
The foreign investor-held share of the market value of stocks on the Borsa Istanbul fell below the 45% level.
Five-year Turkey credit default swaps (CDS) closed the week at around 450 on March 26, up around 50% w/w from the 300s seen a week ago. Domestic government bond yields closed the week in the 18-20%s across the curve, up from the 13-15%s a week previously.
Turkey’s gaming start-ups remain a hot spot. Online groceries delivery company Getir became Turkey's second tech unicorn.
The Turkish grain board, TMO, imported 115,000 tons of feed corn. Turkey removed its sunflower oil import tax through to July.
6 TURKEY Country Report April 2021 www.intellinews.com