What matters this morning

The Cabinet convenes under the presidency of President Recep Tayyip Erdogan. Health Minister Fahrettin Koca is expected to make a presentation while the third dose and the status of the inoculation program across the country will be evaluated. The impact of the vaccination program on the COVID-19 cases and local vaccine studies will also be on the table.

The coming holiday period of the Muslims’ Eid al-Adha, expectations on tourism and measures taken in this direction will be evaluated.

The Cabinet will also discuss the security and foreign policy issues. The Minister of National Defense Hulusi Akar will inform the Cabinet about domestic and cross border operations conducted against terrorist organizations.

Moreover, regional and global developments will be on the Cabinet’s agenda prior to President Erdogan’s visit to the Northern Cyprus before the July 20 Peace and Freedom Day.

Looking at the money market prior to the Cabinet meeting, USD/TRY, which hovered around 8.65-8.70 last week, is traded at 8.69. EUR/TRY stands at 10.32. Brent crude, meanwhile, sees USD 76.32 per barrel with a slight increase.

Gold prices are on the rise as concerns over Federal Reserve’s early interest rate increase declined. The yellow metal reached USD 1,792 this morning after it saw USD 1,794 last Friday, the highest level since June 18.


The Consumer Price Index rose by 1.94% in June, compared to the previous month, according to the Turkish Statistical Institute (TurkStat). The annual inflation increased by 17.53% in June.

The Domestic Producer Price Index (D-PPI) surged by 4.01% in June, compared to the previous month, according to TurkStat. The D-PPI rose by 42.89% on an annual basis.


>> On the cover: This week on our cover, you can read about the startup Bitci, a blockchain technology company that has a cryptocurrency exchange and a crypto payment platform developer. It is one the fast fishes in developing fan tokens for sports clubs globally. Its founder Cagdas Caglar is a former bitcoin miner but saw how blockchain could transform every single industry and invested in developing technology on his company’s proprietary blockchain developed in Bodrum. You can read the interview on pages 14 and 15.

>> Professor Ilter Turan: A balance of terror. P. 10.

>> Q&A: Husnu Dogan, Former Minister of Agriculture, Forestry and Rural Affairs. P. 11.

>> ‘Tourism and S-400s marked the Cavusoglu-Lavrov summit’. You can read the details in our ‘Diplomacy’ section on page 12.

>> Report: ‘Global Turks par Excellence’. P. 13.

>> Startup: Sosyopix: Protecting user base instead of unscalable growth. P. 16.

>> Energy: Limak to generate 3.5 billion kWh of electricity from water. P. 22.

>> Zeynep Gurcanli: By force… P. 24.

>> Do not miss time out alternatives for the week.

Leave a Reply

Your email address will not be published.