The İstanbul Stock Exchange (İMKB) goes into hiatus as the new Turkish minister in charge of the economy Kemal Derviş pushes ahead with meetings overs...
Sabancı Holding, İş Bank C, Yapı Kredi Bank, Vestel and Ereğli Iron and Steel were the heaviest-traded shares of the day.
THE WEEK AT A GLANCE
- The Banking Supervisory Board began meetings with representatives of private banks as of Friday, March 23.
- Turkeys new economics minister Kemal Derviş left for the U.S. over the weekend to attend two meetings of Turkish-American Associations, March 25-28, making the opening speech at the Turkish-American Business Council jointly with U.S. Defense Secretary Paul Wolfowitz. Derviş will also meet with representatives of the IMF, the World Bank and representatives of the U.S. Treasury during his stay in the U.S.
- Extraordinary meetings of Ziraat, Halk and Emlak banks are scheduled for March 29-31 this week. The prospect of merging Ziraat and Emlak banks in addition to all three banks increasing capital are expected to be taken up at these meetings.
- The Supreme Planning Council under Prime Minister Ecevit is scheduled to convene on March 30, with the meeting of the Economic and Social Council scheduled for March 31 this week.
- State Statistics Institute will also announce growth and foreign trade deficit levels this week.
- The Treasury will also announce its borrowing plans for the second quarter of this year and its fourth quarter foreign trade deficit stock for 2000. Borrowings for the second quarter are expected to be piled on May and June. The Treasury has a total TL800 trillion in redemptions scheduled for April, TL5 quadrillion for May and another TL8.6 quadrillion for June. (US$= TL979,000)
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