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Erdogan Fires CBRT Deputy Gov Oguzhan, Takes Call with US Execs

TURKEY

LOCAL NEWS

  • Erdogan fires CBRT Deputy Gov Oguzhan Ozbas, naming Semih Tumen as his replacement.
    • Tumen is a labor economist and professor of economics at Ankara-based TED University.
    • Four of seven members of Turkey's rate-setting committee now have less than a year of experience at their jobs, including new Gov Agbal
  • Erdogan to hold call with top US execs (1300 Wednesday) ahead of his call with Biden on June 14.
    • Erdogan will discuss investment with Microsoft and Netflix.
    • Inside source says it's a way to "test the waters before the Biden face-to-face"
  • Energy Min says Turkey could expand its gas drilling operations in the East Med.
    • Notes Turkey already has 8 boreholes, but added that while there were signs of natural gas, no significant discoveries had been made
  • US to consider boosting its military presence in Greece as relations between Greece and turkey deteriorate.
    • Additionally, diminished confidence in Erdogan as a reliable US ally is part of the US decision to deepen ties with Greece
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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