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Erdogan Still Planning for May 14 Elections, June 14 Date Remains on the Table

TURKEY
  • President Erdogan plans to step up rebuilding efforts following the two deadly earthquakes and stick to the previously planned election date of May 14, though a return to the original date of June 18 remains on the table, Bloomberg report. This seems to be confirmation of a Hurriyet piece published last week, where it was reported that Erdogan and MHP Chairman Devlet Bahceli discussed May 14 and June 18 as potential election dates. Opposition leaders have both rejected the idea postponing the elections, with the opposition alliance set to decide on a unified contender at a meeting on March 2.
  • Turkey has banned layoffs throughout the 3-month state of emergency in quake-hit provinces, according to official gazette. The government will pay a TRY133.44 daily allowance to those fired as part of the exemptions.
  • Turkey’s adjusted manufacturing confidence index declined by 1 point to 102.4 in February while capacity utilisation fell slightly to 75.2% (Prior: 75.3%). The CBRT rate decision will take focus tomorrow. See the full MNI Preview including sell-side analyst views here: https://roar-assets-auto.rbl.ms/files/51418/MNICBR...

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