What matters this morning

Following a 17-day full lockdown, we have started the week with 10,512 daily coronavirus cases and 223 death toll. Starting from today, gradual normalization measures will be enforced until June 1, according to a statement from the Interior Ministry.

Night curfews will continue but from from 9.00 pm to 5.00 am while weekends will continue to be under full lockdown during this period. There won’t be any specific restrictions for people aged 65 and over who have had two doses of COVID-19 inoculations or those aged below 18. Intercity travel will be allowed except from curfew days and times.

Places such as cafes, restaurants or patisseries will provide takeaway and delivery services on weekdays from 7.00 am to 8.00 pm and only delivery services from 7.00 am until midnight on weekends.

Shopping malls will operate from 10.00 am to 8.00 pm only on weekdays while wedding halls, sports centers, game halls, pubs, swimming pools, thematic parks and funfairs will stay closed. Stores operating in the retail and services sectors such as hairdressers, haberdasheries, tailor shops will run between 7.00 am and 8.00 pm on weekdays.

As markets were close during the eid holiday, USD/TRY dropped by 1.37% to 8.33 this morning compared to its 8.50 levels at international markets in the second half of last week. Meanwhile, EUR/TRY climbed all-time highs and surpassed 10.30 last Friday and is traded at 10.12 this morning.

Gold prices saw the highest level in last three months and increased to USD 1,852 with the global inflation pressures. Brent crude slightly declined to USD 68.47.


Producer Price Index of Agricultural Products (Agriculture-PPI) rose by 21.77% in April, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat). The index declined by 0.79% on monthly basis.

The total number of paid employees in manufacturing, construction and trade-services sectors increased by 7.5% from 12 million to 13.2 million in March, compared to the same month of the previous year, according to TurkStat.

The private sectors total outstanding loans received from abroad decreased by USD 3.5bn to USD 170.2bn as of March, compared to the end of 2020, according to the Central Bank.

The Ministry of Treasury and Finance will release the central government’s budget data for April (11.00 am).

The Cabinet will convey today. 

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