Page 50 - TURKRptDec20

treatment and pharmaceuticals, reached over TRY33.6bn, rising 17.4% in 2019 compared to the previous year.
The ratio of household out of pocket healthcare expenditure to total health expenditure was 16.7% last year.
More than 48% of healthcare expenditure went to hospitals. Next was payments to medical goods providers at 25.8%, and payments to providers of outpatient care services at 11.9%.
8.2 ​Major corporate news 8.2.1​ Oil & gas corporate news
Turkish state-owned gas firm Botas will ​reportedly​ start offering liquefied natural gas (LNG) for bunkering from its 4.6mn tonne/yr Marmara Ereglisi facility near Istanbul—Turkey's largest bunkering hub—by the second quarter of 2021.
Turkey-based Socar Marine is presently the only supplier of LNG for bunkering in the country. Privately-owned Turkish gas firm Egegaz has said that it may in future supply LNG by truck for bunkering.
There is very limited demand for LNG bunkering in Turkish ports at the moment as there are relatively few LNG-fuelled vessels. But the use of LNG as a marine fuel has increased this year since the introduction of the IMO's 0.5pc sulphur cap on bunker fuels, according to Argus. LNG's share in total bunker sales in the port of Rotterdam more than doubled on the year to 2% in January-September, according to port authority figures.
The Turkish bunker market is among the largest in the Mediterranean. It has sales of around 2.5mn-3mn tonnes/yr.
8.2.2​ Transport corporate news
Turkey’s flag carrier Turkish Airlines is planning to burn through $250mn cash per month in the fourth quarter​, down from $300mn in the third quarter, BloombergHT ​reported​ on November 6.
Turkish Airlines also said in a teleconference on its Q3 financials held on November 5 that its personnel costs have declined by 40% following a deal with the labour union.
Alessio Mastrandrea of Bloomberg wrote a note on the teleconference outlining how the airline’s cashflow is still worrisome due to the coronavirus-driven fall in air travel demand set to last until at least 2021.
Also during the telecall, Turkish Airlines CFO Murat Seker informed that the company has postponed $5bn of financing needs for aircraft purchases until after 2024 following an agreement with Airbus to delay the delivery of new aircrafts.
He added that the carrier was close to a similar delivery deal with Boeing.
Turkish Airlines has a total of 362 aircraft in its fleet. Some 175 of those are Airbus-made aircraft.
The airline would in November continue to fly to 200 destinations, out of a total of 324 normally available, according to Seker.
50​ TURKEY Country Report​ December 2020 ​ ​www.intellinews.com