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July 1- Esbank and Interbank which had merged under Etibank umbrella became things of the past.
July 2- IMF postponed its meeting on loan tranche to Turkey with the pretext of postponement of closure of Emlakbank and appointment of professional executive board at Turkish Telekom. The President approved the law on closure of Emlakbank.
July 4- A and B type funds of Bankkapital, Egebank, Yasarbank, Ulusalbank and Yurtbank which had been merged under Sumerbank umbrella were included in the structure of Sumerbank funds.
July 5- Works on the Blue Stream project`s part about passage beneath the Black Sea started with a ceremony held in northern province Samsun.
July 6- Selling price of 1 U.S. dollar increased over to 1.3 million TL. IMKB national index reduced by 9.3 percent. The special fund aimed to relieve people who suffered loss at the IMKB entered into force. Asim Ulker, the founder of Kar Holding, died.
July 7- Moody`s announced that it would not downgrade Turkey`s B1 foreign loan rating.
July 9- The government decided to meet the IMF`s request for a change in management at the Turkish Telekom. Tofas merged its 17 automotive marketing companies under a company called Birmot. Emlakbank was transferred to Ziraat Bankasi.
July 10- Murat Yilmaz was elected Turkish Telekom Chairman. BRSA decided to transfer Bayindirbank, Sitebank, Kentbank, EGS Bank and Tarisbank to SDIF. Okan and Atlas investment banks` licence on offering banking services was lifted.
July 11- IMF announced that the Executive Directors Board meeting on second tranche of loan to Turkey would be held on July 12. World Bank announced that it would convene on the the same day.
July 12- IMF and World Bank approved 3.2 billion U.S. dollars of loan tranche. The President approved the law on sale of Treasury`s cultivation lands.
July 13- The decree with the force of law which the government had issued under the authority law and enables recovery in salaries of some public personnel was released.
July 16- Foreign exchange rates increased sharply after the Central Bank had increased the interest rate. The Council of State Department no:10 rejected Turkbank Solidarity Foundation`s request for suspension of the BRSA`s decision which foresees closure of Turkbank.
July 18- Oguz Satici was elected Chairman of Turkish Exporters Assembly.
July 19- The Constitutional Court annulled the arrangement which foresees a 10 percent increase in rents in 2001.
July 20- Finance Minister Sumer Oral announced that Pension Fund`s (Emekli Sandigi) six hotels` operation rights had been given to Swiss Hotel, Millennium and Radisson holdings.
July 21- Castoro Otto vessel which will construct pipes in shallow places in the Black Sea under the Blue Stream project crossed the Straits.
July 25- The Istanbul Chamber of Industry (ISO) announced the list of 500 major industrial companies and enterprises. Tupras was ranked first while durable goods producer Vestel was ranked first in exports. Dervis and Oral held a meeting and evaluated tax measures.
July 26- Dervis announced the mini package. Under this, it was decided that Central Bank will give interest to compulsory offsets and reserves, and withholding rates for foreign exchange deposit accounts and repo will be increased in short term and decreased in long term.
July 27- Debts of Ceylan Holding which was the ex-owner of Bank Kapital was included in payback plan.
July 30- Osmanli Bankasi and Korfezbank merged. The natural gas crisis with Iran was solved.
July 31- A decision on sale of Sumerbank to Military Personnel Solidarity Fund (Oyak) was taken.
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