AGP Executive Report
Last update: 3 hours agoGold Reserves Shift: An ECB report says gold has overtaken US Treasuries as the world’s top reserve asset, with gold now 27% of official reserves by end-2025 as central banks diversify amid geopolitics. Foreign Trade Push: Turkey targets $30bn in trade with France by 2030, citing a 71% rise over five years and new French investment plans worth $5bn. CHP Leadership Shake-up: Kemal Kılıçdaroğlu has unveiled a new CHP management team after a court restored him as leader, as internal rifts continue. Bosnia Appointment Race: The PIC in Sarajevo will pick a new high representative for Bosnia-Herzegovina after Christian Schmidt’s resignation, with multiple European and US-backed nominees in play. Halkbank Deadline Watch: Halkbank shares jumped as markets price in the June 10 US case review deadline tied to a sanctions compliance agreement. Armenia Normalization: Erdoğan and Pashinyan discussed advancing direct trade and normalization steps, including rail connectivity for exports/imports. Tourism Outlook: TÜRSAB expects domestic tourism to cushion any Middle East-driven slowdown, with pricing pressure likely to rise and demand turning more last-minute. Turkey Exports: Turkish tire exports hit a record $1.9bn in 2025, with Europe leading destinations. Crypto Payments: Standard Chartered/Zodia says lira-pegged stablecoins are the second-most-used after dollar tokens, mainly for faster settlement. Regional Risk: Iran strikes Kuwait’s airport while the US hits near the Strait of Hormuz, disrupting flights and lifting oil prices. Business Fraud Alert: Authorities warn of residence permit scams using fake websites and unlicensed consultancies, urging use of the official e-Ikamet system.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.