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Has not been announced yet afaik.
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TANAP to provide over $1.5B of transport revenue by 2022
The Trans Anatolian Natural Gas Pipeline (TANAP) project was implemented at a cost 45% lower than the original budget, and when the pipeline reaches full...
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Record 1.5M houses sold in Turkey in 2020 on back of cheap loans
Turkish housing sales surged 11.2% year-on-year in 2020 data showed on Thursday, driven by cheap loans extended to ease economic fallout from the...
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OECD revises up Turkey’s growth forecast for 2020
The Organisation for Economic Co-operation and Development (OECD) on Thursday revised up Turkey’s growth forecast for 2020.In its latest Economic...
I am not sure these numbers matters for the common citizen who’s economic pp is measured in what expenses they have and how they are going to make ends meet.
It’s like wall street rising to new heights while common citizen reaches new lows.
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Record 1.5M houses sold in Turkey in 2020 on back of cheap loans
Turkish housing sales surged 11.2% year-on-year in 2020 data showed on Thursday, driven by cheap loans extended to ease economic fallout from the...www.dailysabah.com
That explains the prices.
Currently looking to buy a house in Turkey, anybody know which websites to check out for real estate?
Zafer
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ERDOGAN: I'M AGAINST HIGH RATES 'WHETHER THEY LISTEN OR NOT'
ERDOGAN: WHAT'S IMPORTANT IS CUTTING INFLATION BY CUTTING RATES So much for the TRY uptrend
One statement and the Turkish lira has lost 1% of its value.
ERDOGAN: WHAT'S IMPORTANT IS CUTTING INFLATION BY CUTTING RATES So much for the TRY uptrend
One statement and the Turkish lira has lost 1% of its value.
Zafer
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He knows what is better better than anyone else.
Those who are happy with high interest rates are just leaches that are asking to be thrown out.
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Yeah I'm a leach and so is everyone with a bit of knowledge about economics.
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S
Nah, nobody in Turkey defends high interest rates. People with basic economy knowledge knows that if you keep low interest rate despite of high inflation, foreign curriencies will soar and fuel inflation much more, and economy will enter a death spiral. We saw that with Erdogan's son-in-law.
On the other hand high interest rates cuts down investment, unemployment soars.
What needs to be done is the reforms but we know that Erdogan can't do that. So, we will see economy going worse every month with Erdogan in the helm.
Let's put some data to back-up our speech.
Turkey GDP per Capita, 1998 – 2022 | CEIC Data
Turkey GDP Per Capita reached 9,539.001 USD in Dec 2021, compared with 8,597.490 USD in Dec 2020.
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UK says to sign free trade deal with Turkey on Tuesday
BY DAILY SABAH WITH REUTERS
ISTANBUL ECONOMY
DEC 28, 2020 11:55 AM GMT+3
Britain's Secretary of State of International Trade and Minister for Women and Equalities Liz Truss is seen outside Downing Street, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 17, 2020. (Reuters Photo)
Britain and Turkey are set to sign a free trade deal on Tuesday, the U.K. trade ministry said on Sunday, the first since Prime Minister Boris Johnson secured a new trade agreement with the European Union.
The two nations will sign a deal that replicates the existing trading terms between Ankara and London, but British trade minister Liz Truss said that she was hopeful a bespoke deal between the countries could be struck soon.
“The deal we expect to sign this week locks in tariff-free trading arrangements and will help support our trading relationship. It will provide certainty for thousands of jobs across the UK in the manufacturing, automotive and steel industries,” Truss said in a statement.
“We now look forward to working with Turkey towards an ambitious tailor-made UK-Turkey trade agreement in the near future.”
The trading relationship was worth 18.6 billion pounds ($25.25 billion) in 2019, and Britain said it was the fifth biggest trade deal the trade ministry had negotiated after agreements with Japan, Canada, Switzerland and Norway.
Britain has now signed trade agreements with 62 countries ahead of the end of the Brexit transition period on Jan. 1, when it leaves the EU’s trading arrangements.
It clinched its narrow trade deal with the EU, its biggest trading partner, last week.
UK to sign free trade deal with Turkey this week
Britain and Turkey are set to sign a free trade deal as soon as Tuesday, the U.K. trade ministry said Sunday, the first since Prime Minister Boris Johnson...
yeah and yet they put an embargo for bayraktar "free trade deal"
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Turkey to make no concessions on fiscal discipline, Erdoğan says
Turkey will not compromise on economic confidence or stability in the days to come, President Recep Tayyip Erdoğan said Friday.“We will make no...
If you want low interest make sure there is 1-2 trillion usd in the central bank, and keep adding to it.
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Short-term external debt stock hits $134.6 bln - Latest News
Turkey's short-term external debt stock amounted to $134.6 billion as of the end of November, official data showed on Jan. 15.
KKF 2.0
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You cannot make this comparison. It was not a government-imposed embargo. A private company is always free to choose its business partner.
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Turkish firms ready to invest in container production to fill China-left bottlenecks
Despite the COVID-19 pandemic significantly impacting world trade and supply chains, Turkish exporters have recorded the highest export figures in recent...
Priority should always be given to domestic producers.
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lots of people are not aware of it but lack of container becme a very very serious issue infact... most of the shipping lines are giving places and booking for mid feb vessels this is just crazy. This problem reached to a point that eventually it will effect our export figures. You are manufacturing the orders of your customers but you are unable to send them. for last 2 mounts people are having this problem but now it became crtitical. And can you imagine the cost of an import container from China is 10.000 USD nowadaysTurkish firms ready to invest in container production to fill China-left bottlenecks
Despite the COVID-19 pandemic significantly impacting world trade and supply chains, Turkish exporters have recorded the highest export figures in recent...
Priority should always be given to domestic producers.
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Well, I assume Turkish government was aware of it when he company producing containers went bankrupt. Anyway, good thing about COVID is it has showed the dependence on China, and the need for diversified supply chain. All harbours in Turkey should be required to buy domestic containers for freight, and in case of shortage there will always be domestic production.
