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Turkish Economy 2001
January
January 2- The national index at the Istanbul Stock Exchange (IMKB) started the new year at 9.437 points, selling price of one U.S. dollar started at 677 thousand Turkish liras (TL), and selling price of one German mark started at 322 thousand TL.
January 3- Annual inflation rate in 2000 became 32.7 percent in wholesale prices and 39 percent in consumer prices. Economy was taken up at the first leaders` summit meeting in 2001 while Prime Minister Bulent Ecevit announced that banking sector constituted the most vital part of the economy.
January 4- Treasury gave nearly 4 quadrillion TL and 750 million U.S. dollars of debenture bonds to meet duty losses of Ziraat Bankasi and Halkbank. Seven high-level bureaucrats at the Energy and Natural Resources Ministry were removed from office. Prior to the borrowing auction, Treasury warned the banks about the interest rates. A lawsuit was filed against GSM operator Turkcell in the United States on charges of misleading investors before public offering.
January 5- The Investment Programme was published in the Official Gazette.
January 6- Eti Holding and Sugar Factories, Celbor and Machinery and Chemicals Industry`s (MKEK) some enterprises were included in privatization portfolio.
January 10- Media gave broad place to discussion on ``Who Started Corruption?`` regarding the investigation into corruption at the Turkish Electricity Production and Transmission Corp (TEAS). Members of restructuring commissions at Ziraat Bankasi and Halkbank were selected.
January 11- The Turkish Aerospace Industries (TAI) became a partner of Airbus Military Company (AMC) which will produce future large military cargo aircraft A-400M, with a 9 percent share. It was announced that 468 thousand motor vehicles had been produced, total motor vehicles sales had been 659 thousand and total motor vehicles exports had been104 thousand in 2000. Monopoly over alcoholic drinks was lifted.
January 16- Protocol on state guaranty for external debts of banks controlled by the Savings Deposits Insurance Fund (SDIF) was signed. The Energy and Natural Resources Ministry announced the 29 energy projects for which it requests Treasury guaranty.
January 18- Relations between Turkey and France became tense after France had adopted bill on so-called Armenian genocide. The Electricity Market draft law was passed through the parliamentary commission.
January 19- Tuncay Ozilhan became the Chairman of the Association of Turkish Industrialists and Businessmen (TUSIAD).
January 22- Under an agreement beween the Post, Telegram and Telephone (PTT) and Korfezbank, the postal affairs centers in Turkey were integrated for the first time with banking system.
January 24- Koc Holding announced that it was getting prepared for cooperation with the British tobacco company BAT.
January 26- IMF First Deputy Managing Director Stanley Fischer said that Turkey was rapidly getting rid of the economic crisis. It was announced that imports of foodstuffs from France would be banned. Any bid for SDIF-controlled Egebank, Sumerbank, Yasarbank and Yurtbank was not submitted.
January 29- In the report released by counselling company Price Waterhouse Coopers in Davos, Turkey was shown as the fourth country in list of corruption. Ford Otosan, a leading motor vehicles producer, gave the start for test production in Golcuk.
January 30- World Bank President James Wolfensohn said that Turkey had started to overcome the economic crisis.
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