The week started with an investment news by Koc Group. The group plans to build an electric car battery factory with an investment of over USD 500m, according to daily DUNYA. The conglomerate will build production plant in Manisa, on which the German Volkswagen gave up its plans to establish a manufacturing facility. The negotiations with the relevant ministries regarding the allocation of the land near Manisa Organized Industrial Zone have been completed and an agreement has been reached, sources told Aysel Yucel of daily DUNYA. Kalyon Holding also established a company in Istanbul to produce batteries, according to sources.
The cabinet will convene under the presidency of President Recep Tayyip Erdogan. The COVID-19 will be the main agenda item of the meeting, where Health Minister Fahrettin Koca will make a presentation. Counterterrorism and recent foreign developments will also be discussed at the meeting.
The Parliament will work this week on the motion to extend the period of mission of Turkish troops in Azerbaijan and the legislative proposal including the 5th Judicial Package, which our parliament correspondent Canan Sakarya detailed at in the latest issue of TR MONITOR.
The Treasury will issue 13-month zero-coupon bonds.
The Ministry of Treasury and Finance will publish figures on domestic debt rollover ratios, average cost and maturity (17.30).
Foreign Minister Mevlut Cavusoglu will attend the opening ceremony of the United Nations Alliance of Civilizations Initiative’s Geneva Office.
IN OUR MAGAZINE THIS WEEK
>> On the cover: Aselsan is our cover story for this week. It has reached the 48th spot in global rankings and today is working on a wide range of nationalization and localization activities along with its domestic partners. ASELSAN Chairman and General Manager Haluk Gorgun tells us how the company is working to decrease foreign dependency in defense. You can read the details on pages 14-15.
>> Professor Ilter Turan: From personal to institutionalized relations. P. 10.
>> Another name from the defense industry, S. Ilhan Bagoren, Chairman of HTK, Manager of the UUYM5G project, Board Member of GTENT, Founder and CEO of Telenity is in our Q&A page. P. 11.
>> Report: Tetra Pak and KMK conducts 18,000 tons of recycling investment P. 13
>> Zeynep Gurcanli focuses on two key countries in confrontation; Russia and India.
>> Energy: Who will pay for the hike in energy costs?