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CURRENCY COMPOSITION
47,023
49,445
-2,421
CURRENCY COMPOSITION
45,544
49,134
-3,591
USD
40,593
42,684
-2,091
USD
39,198
42,432
-3,234
EURO (in USD)
4,463
4,190
273
EURO (in USD)
4,398
4,149
249
Other (in USD)
1,967
2,570
-603
Other (in USD)
1,948
2,553
-605
7.0 Industry & Sectors 7.1 Sector news
7.1.1 Oil & gas sector news
7.1.2 Automotive sector news
Turkey reportedly expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totalling 16bn cubic metres (bcm) per year.
Turkey's liquefied petroleum gas (LPG) imports increased by 27.5% to 358,186 tonnes in July compared to the same month of 2019, the country's energy watchdog said.
Combined passenger car and light commercial vehicle (LCV) sales in Turkey increased 134.4% on an annual basis to some 62,000 units in August (87,400 in July), the country’s Auto Distributors’ Association (ODD) reported.
The latest tax hikes are expected to hit sales in the remainder of the year.
Turkish automakers produced more than 75,000 passenger cars and light commercial vehicles (LCVs) in August, marking a 44.3% y/y increase, data from trading group OSD showed.
More than 224,000 second-hand cars changed hands in Turkey in August, marking a 52% y/y increase.
7.1.3 Transport sector news
Turkey’s airports served a total of 52mn passengers in the first eight
43 TURKEY Country Report October 2020
www.intellinews.com
