What matters on Wednesday, February 9

The Presidency has started working on gradual electricity tariffs following reactions to the high electricity price hike. The Confederation of Turkish Tradesmen and Craftsmen (TESK) has also requested this recently. The burden of a possible stratification on the budget is currently being calculated. The subsidy burden in energy prices and electricity and natural gas cash support for low-income people is also being considered. The Energy Market Regulatory Authority is working on the data for the number of tradespeople and their consumption.

Treasury and Finance Minister Nureddin Nebati held meetings with nearly 100 top executives of 18 asset management companies, 19 international development and investment banks, and more than 10 private capital, infrastructure, and venture capital funds and technology companies in London on February 7-8, according to a statement from the Ministry of Treasury and Finance. 

The parties shared evaluations for the outlook of the Turkish economy, Turkish officials gave comprehensive information about the New Economy Model, and opinions were exchanged about what is to come in the near future for Turkey. The Minister also claimed that inflation is temporary given the stability that has recently been ensured in foreign exchange rates. The Ministry also said talks with banks and investors will continue.

Turkey reported more than 111,000 coronavirus cases yesterday, the highest single-day figure in the country since the beginning of the pandemic. Some 111,096 new coronavirus cases and 241 deaths due to the COVID-19 were reported in the last 24 hours by the Health Ministry. Turkey rose from 11th to 10th place among 192 states with the highest number of COVID-19 cases (over 12.44 million in total), according to the Coronavirus Resource Center at John Hopkins.


No important data will be released in the country.


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