TR Economy & Updates

[Abdelaziz]

AKP fanatics say, exports this exports that.

That is not true exports will increase, but even if it had, that has no impact on the workers and their families. %90 of the country have nothing to gain from exports raising only some bosses would benefit.

I don't agree on 2001 - 2010 but after 2013, everything went to shit. Now we are living in a nightmare.

So how would u get the money if not from manufacturing and exports ? Would u wait for the sky to drop money ? Do u think that the state would give u large salary and would invest on infrastructure and provide services while u lay on u back watching the tv and drinking tee ?
Strong economy=high exports + some other sources ..but no real economy without exports

 

[Turko]

So how would u get the money if not from manufacturing and exports ? Would u wait for the sky to drop money ? Do u think that the state would give u large salary and would invest on infrastructure and provide services while u lay on u back watching the tv and drinking tee ?
Strong economy=high exports + some other sources ..but no real economy without exports

What are you talking about? We are here underlining mistakes and fail of 20 years. Why Central Bank lost his reserves? Why USD rate before Presidental system was 4.5 and now 9.6.
Noone here believes , you could solve the problems of 20 years with just one financial move.

Can you understand, Türkiye is done.

Yesterday i was sitting in my friend's cafe, in Istanbul there were just 10 orders.

Just touristic places earn money in some limited districts Istanbul. Turkish people became totally poor.

Turkish citizens poorer now . Poor .poor.poor.
USD 9.60!!!!!

 

[Abdelaziz]

What are you talking about? We are here underlining mistakes and fail of 20 years. Why Central Bank lost his reserves? Why USD rate before Presidental system was 4.5 and now 9.6.
Noone here believes , you could solve the problems of 20 years with just one financial move.

Can you understand, Türkiye is done.

Yesterday i was sitting in my friend's cafe, in Istanbul there were just 10 orders.

Just touristic places earn money in some limited districts Istanbul. Turkish people became totally poor.

Turkish citizens poorer now . Poor .poor.poor.
USD 9.60!!!!!

Problems of 20 years ? What are u talking about ? So before the 20 years there was no problems and the economy was better ? The amount of shit been said is expressionless and of no sense

 

[Xenon54]

Problems of 20 years ? What are u talking about ? So before the 20 years there was no problems and the economy was better ? The amount of shit been said is expressionless and of no sense

Even 2001 crisis is nothing compared to the last 10 years of AKP rule, they runied the country beyond repair.

The crisis in 2001 could be reversed in just a couple years after doing the right policies but today we have one single man deciding everything and he knows jack shit about economy let alone reversing his failures he rides the country even more down the drain until the election.
AKP mismanagement will not be corrected at least a decade after they are gone, and they are not even gone yet.
They stole the future of a whole generation, let that sink in for a moment.

 

[Ravenman]

The Netherlands agraric exports (flowers, vegetables, fruit) are 100 billion per year (!). And that every year even with covid.

100 billion, thats almost Turkey's TOTAL EXPORT. With everything combined: food, machinery, petrochemicals, metals, clothing, vegetables, weapons, non-food - Turkey reaches 150 billion.

The Netherlands are a export country for decades and because of this their governments always have a budgetplus and with this they invest in anti-poverty and social society, so their people could live with high standard infrastructure, housing etc.

Export makes a country and its people rich.

 

[Elaser]

The Netherlands agraric exports (flowers, vegetables, fruit) are 100 billion per year (!). And that every year even with covid.

100 billion, thats almost Turkey's TOTAL EXPORT. With everything combined: food, machinery, petrochemicals, metals, clothing, vegetables, weapons, non-food - Turkey reaches 150 billion.

The Netherlands are a export country for decades and because of this their governments always have a budgetplus and with this they invest in anti-poverty and social society, so their people could live with high standard infrastructure, housing etc.

Export makes a country and its people rich.

Netherlands flower export is the same as Turkey's

They are number 7 in export in absolute numbers...

List of countries by exports - Wikipedia

en.wikipedia.org

Some people really like to stare at their bellybuttons...

 

[Agha Sher]

They are number 7 in export in absolute numbers...

List of countries by exports - Wikipedia

en.wikipedia.org

Some people really like to stare at their bellybuttons...

Obviously, the western European economies are highly efficient and export orientated. However, one should add that another reason for these huge export numbers is the geographical location. Western European economies trade A LOT with each other (e.g. high exports and imports). Who can Turkey trade with? poor Greece? civil war destroyed Syria? Iraq? Iran? worthless armenia? Therefore, it will be 10x more difficult for Turkey to achieve similar export numbers. Turkey has to do REAL over sea export.

 

[Turko]

Buying oil then selling gasoline for 2%added value is also considered export, yes.
First you had better learn what's that high value added export!


Look what Erdoğan himself admitted, however i mean different thing.

Erdogan: Turkey should aim for high value-added exports

Turkish president underlines need to increase value of exports per kilogram - Anadolu Agency

www.aa.com.tr

60-80 percent of Turkish exports flies abroad for raw materials and energy.
Turkey can add App. 20percent value to exports.

When Italy, Germany , Netherlands make export how much value they can add?

You don't know but i know.

Look at Iphone , Chinese like slaves produce iPhone cheap than dirt, but California takes 80percent of value.

How pathetic comparing Export of Netherland with Turkey's.

In order to make 150 billion export, Turkish industry needs minumum 100 billion USD foreign currency to import raw materials and energy.

I know some factories don't want to work new clients. Don't want to expand their exports. Because it will cause more expenditures.

Our country doesn't have capital so your banks have to take credit from international market with LİBOR plus 5.
Your government also has to take foreign credit to pay energy bill to supply Turkish industry.

Such a shameless people still can speaking while USD 9.60.

 

[mulj]

Ok, for the sake of argument lets say economy is sattered ( which is not), how that would change the almost certain fact that eventual goverment formed by unholy coalitio of chp/hdp/iyi or whoever else, could be able at all to lead coherent economy policy, not mentioning other caotic aspects of such goverment.

 

[what]

They are number 7 in export in absolute numbers...

List of countries by exports - Wikipedia

en.wikipedia.org

Some people really like to stare at their bellybuttons...

What helps of course is having Rotterdam and Antwerp ports. Everything that comes in from there is exported to other European countries with a little added value for transport and taxes.

 

[Elaser]

What helps of course is having Rotterdam and Antwerp ports. Everything that comes in from there is exported to other European countries with a little added value for transport and taxes.

Not good excuse when export to gdp ratio, Turkey is at place ~100 in the world...

Turkey should and must do better

 

[what]

Not good excuse when export to gdp ratio, Turkey is at place ~100 in the world...

Turkey should and must do better

Yes of course, if we want to be an exporting country our numbers are rookie numbers.

Agriculture, Industry or just becoming self-sufficient with renewables and some nuclear power plants will make a big difference. As long as wealth inequality is also adressed. We can have 5 Samsung sized companies as long as we have to many poor people, still crap.

 

[Elaser]

Yes of course, if we want to be an exporting country our numbers are rookie numbers.

Agriculture, Industry or just becoming self-sufficient with renewables and some nuclear power plants will make a big difference. As long as wealth inequality is also adressed. We can have 5 Samsung sized companies as long as we have to many poor people, still crap.

Turkish economy cannot run on borrowed money and internal 'baklava' consumption. 65 years and and many industrial pioneers have been wasted and so no time to waste anymore...

Turkey can afford socialdemocratic policies at the same time with growing economy... Not without growing economy...

Easy growing years from 2003-2013 are over.. Now it is time to make products and export them...

 

[Turko]

They are undermining Turkish huge fertilizer exporters who already imported raw materials for export and who made 5 year long term contracts with foreigners.

Their price increases since raw materials and energy in USD.

We should get rid of unprofessional otocratic regime.

Cement and Fertilizer Exports Restricted
Cement and clinker were added to the list of goods whose export is subject to registration with the Ministry of Commerce Communiqué published in the Official Gazette dated September 4, 2021. Thus, domestic cement and clinker prices are aimed to decrease.

According to official data, fertilizer, whose price has increased by 52.9 percent in the last year, has also been restricted to export. 'Diammonium hydrogenorthophosphate-DAP', 'other mineral or chemical fertilizers containing both nitrogen and phosphorus; those that do not contain nitrates and phosphates, NP only (20-20-0) fertilizers included in nitrogen => 10%, 'mineral or chemical fertilizers containing all three nitrogen, phosphorus and potassium; Only NPK (15-15-15) type fertilizers included in nitrogen >10% were added to the list of goods subject to registration.

According to the provisions of the Communiqué, the export of the said goods is carried out within the framework of the provisions of the relevant article of the Export Regulation. The customs declarations regarding the goods added to the list are recorded by the general secretariat of the relevant exporters' associations, following the preliminary approval of the General Directorate of Exports.

The said Communiqué, which came into force from the date of its publication, is accessible at https://www.resmigazete.gov.tr/eskiler/2021/09/20210904-19.htm.

 

[Turko]

Don't worry after new election , in 6 months it is very possible and easy to catch growth when you integrate your economy to rich world.


Thanks to IT sphere without any hard work, factories, energy bills, Ukrainian economy remains stabile last 4 years.

So don't expect Turkish people to be cheap slaves in the factories.

Even Ukrainian Hrivna doubled it's value against Turkish Lira for 5 years.

We just need get rid of burdens of 20 years. Everything will be ok.

 

[mulj]

Fine, in that case say good bye to your geopolitical ambitions, nothing is free.

 

[Elaser]

Turkey certain to join ranks of world's top 10 economies: President Erdogan

Government pursuing economic goals without any letup, says president - Anadolu Ajansı

www.aa.com.tr

 

[Anastasius]

Fine, in that case say good bye to your geopolitical ambitions, nothing is free.

???

Do you truly believe that getting Erdogan and AKP out means Turkey will give up on global influence? Seriously?

The cat has been let out of the bag, there's no putting it back now.

If anything, getting someone into power who is not actively sabotaging the economy will bolster Turkey's global influence.

 

[Turko]

They all seem to have forgotten Atatürk, İnönü and republicans defeated Greeks in Anatolia and created Blue and Land Vatan.

USD 9,60 EUR 11,18
TR 10-YEAR BOND %20.31

 

[mulj]

???

Do you truly believe that getting Erdogan and AKP out means Turkey will give up on global influence? Seriously?

The cat has been let out of the bag, there's no putting it back now.

If anything, getting someone into power who is not actively sabotaging the economy will bolster Turkey's global influence.

It is not matter of belief, that is logical conclusion. Lets go back what economy actaully means in modern era, it serves purpose to extend political influence over the world. In that light when new possible goverment step in and try to "normalise" economy they will approach western states primarly and lets say cut the deal. It is foolish to think that deal will not has geo political side effects.
For God's sake they even patronise Turkey jursiprudence system over strictly internal matters, so if you expect dollars to come in flows, prepare some zejtin for your position in africa, middle east etc, mavi vatan., if you know what i mean.
I understand frustration due particular living standard issues but people should be presented with full consequences of alleviating those issues if those are approached primarely by western financial influx.