i have been to Japan and had japanese gf for years. i used to pay 20$ a day just to use subway (metro) to use just several times. also, once its 11pm in Tokyo, metro close and if you dont go home, you pay at leasttt 100$ to go home or wait until morning. thats why they got small hotels. I like Japanese people, but they have expensive life there..Sorry but I'm not gonna waste my time to convince you when I have friends who live there. On top of that, my sister is just back from Japan.
Housing is more expensive, food is more expensive, medication is more expensive, eating out in a restaurant is more expensive but it's true, an iPhone is cheaper in Japan than Turkey.
On the plus side, home appliances are more affordable in TR than JP. To give you an example; my sister paid frigging 20 TRY for one (!) apple.
If I were a blue collar worker, I'd choose Turkey over Japan in a heartbeat.
By the way, the average Japanese worker is probably laughing out loud reading your posting about housing costs implying that the Japanese renting market is cheap.
However, you're free to believe whatever you want.
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Eti Mining (world's largest boron ore producer) shared a remarkable post: Biggest Boron-carbide production plant is opening, presentation on March 19th.
"What would happen if the value of boron ore increased 300 times?
It would armor the Altay tank and fuel our domestic rockets. What else would happen?
The answer is on March 19!"
"From Ore to Jewelry for Turkiye's Century"
"What would happen if the value of boron ore increased 300 times?
It would armor the Altay tank and fuel our domestic rockets. What else would happen?
The answer is on March 19!"
"From Ore to Jewelry for Turkiye's Century"
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Turkey ordered to pay $1.4bn to Iraq in Kurdistan oil arbitration case
The international arbitration court ruled in favour of Baghdad in Kurdistan oil dispute with Ankara, which stopped oil shipments on Saturday
www.middleeasteye.net
Turkey ordered to pay $1.4bn to Iraq in Kurdistan oil arbitration case
The international arbitration court ruled in favour of Baghdad in Kurdistan oil dispute with Ankara, which stopped oil shipments on Saturday
According to Ragip soylu, Turkey is happy since the Iraqi govt wanted 33 billion dollars as compensation yet only ended up with 1.4 billion dollars pTurkey ordered to pay $1.4bn to Iraq in Kurdistan oil arbitration case
The international arbitration court ruled in favour of Baghdad in Kurdistan oil dispute with Ankara, which stopped oil shipments on Saturday
Turkey ordered to pay $1.4bn to Iraq in Kurdistan oil arbitration case
The international arbitration court ruled in favour of Baghdad in Kurdistan oil dispute with Ankara, which stopped oil shipments on Saturday
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Yes, it's literally in the article that I posted, that he is referring to and has written
Never even noticed that it was from middleasteyeYes, it's literally in the article that I posted, that he is referring to and has written
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Guys, guys... Fasten your seat belts please, the storm is coming.
If Deutsche Bank bunkrupt we're screwed as extension of europe zone. The markets would be ruined, we are already used to poverty in TR lol, but this could be the end of the dream for EU countries. The domino effect would be unpredictably huge.
For us, I hope some safe harbors ready.
If Deutsche Bank bunkrupt we're screwed as extension of europe zone. The markets would be ruined, we are already used to poverty in TR lol, but this could be the end of the dream for EU countries. The domino effect would be unpredictably huge.
For us, I hope some safe harbors ready.
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OMG If Deutsche Bank defaults every one of us will be f*cked but Greece will immediately default.
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Deutsche Bank will not default, nor is it currently at risk.
Even if there was a risk, which is not the case according to BaFin and the bank itself, Germany would bail them out hard, just like they did Commerzbank in 2008.
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Oil exports from Iraq’s KRG via Türkiye halted by ruling
Officials said Iraq had won a longstanding international arbitration case that would cease oil exports from the semi-autonomous Kurdistan region through...
Heartbang
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Even a bail-out operation might trigger seismic waves across Eurozone. A lot of EU countries and banks are not in a good shape.
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'Hollow victory': Iraq is not really a winner in the Turkey oil arbitration case
Ankara is likely to pay only a few hundred million dollars to Iraq, which could be indemnified by the Kurdistan Regional Government under a secret deal
www.middleeasteye.net
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Is it really as simple like he says?
Yes it is
Turkey doesnt suffer from chronic debts and has good reserves either in gold or foreign assets. Moreover, Turkey posts a surplus in non-oil related sector thus it is way too easy for the lira to rebound
The real problem here is the economic implications of high interest rates and that is why Erdogan is keeping them low
The economic implications of high-interest rates?
YeşilVatan
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Inflation. Leading to currency value loss, leading to more expensive imports. And we import a shit ton of high-value stuff still. It's getting better but we're still not halfway there. A lot of the machinery for the industry, the software and expensive consumer products still come from abroad. Or they are produced here by foreign brands like most cars in circulation.
If we had a really capable industrial base that produces not only the stuff, but also the machines and codes that make the stuff, we'd be in a WAY better shape. Also we need a smartphone brand and a car brand (which produces mid level cars and construction machines etc.).
If the Black Sea gas is as good a deal as it is advertised (which I believe is mostly true), then Turkey need those things to not only become self reliant, but also build the developing world to a substantial degree, getting richer in the process.
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Argentina is about to go bankrupt again. They have done all the privatisations that the IMF stipulated, all the structural reforms have taken place. They raised the policy interest rates over to 80 per cent. Banks started to pay over 100 per cent interest on deposits. However, the negotiations to restructure the debts to the creditors did not yield results. The country was literally looted by the foreign creditors. The people got nothing from the $55 billion IMF packages.
Baryshx
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This is normally Turkiye's end, but we are delaying it by protecting the oil and gas-rich Arabs.
