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June 4- Garanti Bankasi`s partnership with Italian Intesa came onto the agenda.
June 7- National index increased over to 12,000 points as a result of expectation of a debt swap.
June 8- Gebze Higher Institute of Technology decorated businessman Sakip Sabanci with the ``Businessman Who Brought Technology and Quality to Turkish Industry Award``.
June 9- TOBB members argued with each other due to 100 million U.S. dollars planned to be given to Eximbank. TOBB Chairman Fuat Miras said he was thinking to resign.
June 10- Conditions of debt swap became clear. Pipeline Transportation Inc (Botas) Director General Gokhan Yardim was banned from going abroad under the investigation into the Blue Stream project.
June 11- TOBB Board convened to discuss Fuat Miras`s resignation. IMF requested appointment of a professional management at Turkish Telekom, formation of transitional banks by BRSA, closure of Emlakbank and adoption of Tobacco Law. The government brought facilities to merger and separation of companies. 56.1 percent of cement producer Cimentas shares were sold to Italyan Cementir.
June 13- Selling and buying prices of U.S. dollar increased as a result of debt swap. Resignation of TOBB Chairman Miras who had said on June 8 that he resigned but later gave up resigning, was accepted by the TOBB Board.
June 14- The Industry and Trade Ministry said the final word about Miras`s resignation. It announced that Miras was no longer TOBB Chairman.
-DEBT SWAP-
June 15- Debt swap auction was held. Interbank and Esbank were merged under Etibank structure.
June 16- Rifat Hisarciklioglu was elected TOBB Chairman.
June 17- Results of debt swap auction were announced. 7.1 billion U.S. dollars of the 9 billion U.S. dollars of total bid was met.
June 18- Turkish Telekom General Assembly meeting during which professional management was expected to be appointed was postponed. Eti Holding was taken out from the privatization portfolio.
June 20- Tobacco Law was approved by the parliament. Korfezbank and Osmanli Bankasi decided to merge.
June 21- Capital Market Board (SPK) finalized the regulations which accelerates the investors protection fund. Arbitration bill was approved by the parliament.
June 22- IMF announced that it was expecting for appointment of professional executive board at the Turkish Telekom to approve 1.5 billion U.S. dollars of second tranche of loan to Turkey while Turkish Telekom General Assembly meeting was again postponed.
June 23- The government increased the motorways tolls by 200 percent to create new source.
June 25- The parliament adopted the labor unions bill. Supplementary taxes came onto the agenda. Selling price of 1 U.S. dollar increased over to 1 million 300 thousand TL before 2.5 quadrillion TL of redemption.
June 27- Dispute between Transportation and Communications Minister Oksuz and State Minister Dervis over Turkish Telekom intensified while the Telekom General Asembly meeting was again postponed.
June 28- Telekom crisis was solved. The Council of State Department no:10 decided to suspend closure of Turkbank.
June 29- The government decided to collect 50 U.S. dollars from citizens who want to exit Turkey. The bill which enables sale of Treasury`s immovable assets and properties was approved by the parliament. The SDIF-controlled Bankekspres was sold to Tekfen Holding.
June 30- The State Institute of Statistics (DIE) announced that the economy had shrunk by 4.2 percent in the first quarter of the year.
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