What matters this morning

Many enterprises, notably restaurants, look forward to becoming physically operational by June 1 as the first stage of the gradual normalization process is ending today. Today’s cabinet will be determinant on how the second stage will be like.

Health Minister Fahrettin Koca will make a presentation about the recommendations from last week’s Coronavirus Scientific Advisory Board meeting on the latest COVID-19 outlook in the country. The vaccination processes planned to be accelerated following the recent developments regarding BioNTech supplies will also be among the main agenda items of the meeting.

In the meantime, the number of daily coronavirus cases fell to 6,933 and the death toll reached 134 people in the last 24 hours. 28.8 million people have been vaccinated so far, while 12.3 million of them have received their second dose, according to the Health Ministry.

As we start the week, USD/TRY has a horizontal look at 8.50 after it saw all-time highs at 8.61. EUR/TRY, meanwhile, is traded at 10.37.

Spot gold slightly increased to USD 1,904 per ounce after it reached its highest level since January 8 at USD 1,912. Brent crude is traded at USD 69.57.


The country’s gross domestic product (GDP) increased by 7% in Q1 compared to the same quarter of the previous year, according to the Turkish Statistical Institute (TurkStat).

TurkStat will release Road Motor Vehicles statistics for April.


>> On the cover: This week we have interviewed Ali Eren, the CEO of Erensan Atlantic, the Turkey-based industrial and residential boiler manufacturer. The French-owned, Turkey-based company has roots going back to 1966 as one of the oldest boiler manufacturers in the country. Its industrial and commercial boilers are used in megaprojects and its boilers help heat strategic buildings and facilities but at the same time help reduce Turkey’s carbon footprint. You can read the details in pages 14 and 15.

>> Professor Ilter Turan: ‘Is Turkey getting squeezed out of Libya?’ You can find an answer to the question on page 10.

>> Q&A: Hasan Buyukdede, Deputy Minister of Industry and Technology. P. 11

>> The Industrialist’s biggest stress is inflation: ISO. You can read the details of ISO’s Top 500 enterprises list on pages 12-13.

>> Startup: Educational startup Twin receives WEF award. P. 16.

>> Report: AB Group Holding aims to go public in Turkey and Europe. P. 18.

>> Energy: Green Deal is the new EU language: Energy summit. P. 22.

>> Dr. Sibel Zengin: The Cyprus dilemma: New geopolitical realities. P.24.

>> Do not miss Time Out’s alternatives for the week.


360-degree insights about China to be discussed at summit  

Daily DUNYA and Mazars Denge will co-host the Relations with China after Covid-19 Online Summit on June 2, 2021, between 09:00 – 15:00 (GMT+3). The summit will focus on China’s takeaways from Covid-19, the experiences of Chinese companies in Turkey, the course of international inbound and outbound investments in China, increasing digitalization of China, and the changes and developments in China. For registration and to receive detailed information about the sessions, panelists and moderators can visit: https://eng.mazars.com.tr/.

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