TR Economy & Updates

[Huelague]

Turkey’s economy may have grown 2.5% last year

Turkish economy probably grew as much as 8% in the final quarter of 2020, Bloomberg HT reports, citing the central bank.

www.aljazeera.com

 

[Huelague]

Turkey’s economy may have grown 2.5% last year

Turkish economy probably grew as much as 8% in the final quarter of 2020, Bloomberg HT reports, citing the central bank.

www.aljazeera.com

 

[the]

Samsung to produce 3 million mobiles annually in Turkish facility

South Korean technology giant Samsung will produce 3 million mobile phones in its new facility in Turkey with the cooperation of a local brand, a Turkish...

www.dailysabah.com

That's Samsung, Oppo, Xiaomi. $30-$50 million investments.

 

[Bogeyman]

https://twitter.com/i/web/status/1362839764572000256

 

[Saithan]

Turkish GSM operator Turkcell may list or sell stake in units

One of Turkey's leading GSM operators, Turkcell may list or find partners for units or digital services which have seen recent growth in user base and...

www.dailysabah.com

If Turkcell is a company that's making money, why sell out a part of the unit that's contributing to this ?

Is it to focus on core business ?

IMO it's an inherent problem in Turkey that successful companies sell out instead of growing and becoming gigantic.

 

[what]

Turkish GSM operator Turkcell may list or sell stake in units

One of Turkey's leading GSM operators, Turkcell may list or find partners for units or digital services which have seen recent growth in user base and...

www.dailysabah.com

If Turkcell is a company that's making money, why sell out a part of the unit that's contributing to this ?

Is it to focus on core business ?

IMO it's an inherent problem in Turkey that successful companies sell out instead of growing and becoming gigantic.

Maybe considering the market it could be a wise move to sell, for example a messenger that is generating little revenue, for a lot of money.

 

[Saithan]

Maybe considering the market it could be a wise move to sell, for example a messenger that is generating little revenue, for a lot of money.

That IMO would be a mistake for instance if all messenging apps like whatsapp ends up in the hands of Facebook, they'd be dominating the market. and on the long term they'd be raking in money because they have 4-5 billion users.

On the other hand if you compete on same parameters and giver people an alternative you will always have a fall back if for instance Facebook decides to change end user agreements and such.

Just as how Google/Alphabet is raking in the money you need to be clear on long term goals, which should be world domination. I hear Whatsapp backtracked on he end user agreement after backlash and after losing millions of users. But those terms will be implemented in secret or maybe they already are being done.

 

[Saithan]

Turkish company eyes 100 tons of gold production

A Turkish mining company Tuesday said it plans to contribute to the country’s goal of producing 100 tons of gold per year through its projects that will...

www.dailysabah.com

I know from documentaries somewhat how gold is mined and those huge sites growing ever bigger, but they do have big impact on nature, so I really hope government or companies are compensating for it somehow.

 

[Saithan]

Turkish Treasury borrows over $1 bln through auctions - Latest News

The Turkish Treasury borrowed around 7.43 billion Turkish liras ($1.05 billion) from domestic markets on Feb. 23, according to an official statement.

www.hurriyetdailynews.com

Why does the Government Borrow? - Economics Help

Reasons for government borrowing include - recessions, investment, political reasons (higher spending without having to increase taxes.) DIfferent perspectives on gov't borrowing - Keynesian vs Monetarist

www.economicshelp.org

Problems of Government Borrowing - Economics Help

What are the problems of government borrowing? Potentially higher interest rates, higher taxes (in future) crowding out. But, under what circumstances is government borrowing beneficial to economy?

www.economicshelp.org

 

[Blank1]

Do any one know's how much gold is in the reserve or owned by the state ?
There are conflicting reports about the gold reserves of Turkey, ranging from 300 to 680 tons etc.
Gold is very important as it is a universal currency.
Russian and China are on gold buying spree since many years, China state owned reserves surpassed 2,000 tons OR the say! and Russia is close too.

 

[Bogeyman]

Do any one know's how much gold is in the reserve or owned by the state ?
There are conflicting reports about the gold reserves of Turkey, ranging from 300 to 680 tons etc.
Gold is very important as it is a universal currency.
Russian and China are on gold buying spree since many years, China state owned reserves surpassed 2,000 tons OR the say! and Russia is close too.

World Gold Council, the gold reserves in Turkey in 2020 was announced as 561 tons.

Gold Reserves by Country 2021 | World Gold Council

Gold reserves by country data compiled from IMF IFS statistics. Explore reported central bank purchases, sales and total world gold reserves.

www.gold.org

 

[Indos]

Gold is useless, it doesnt have much intrinsic value, diamond is better since it is the hardest rock and can be valuable in industry. Despite that I am happy people buying gold since Indonesia produce a lot of gold

 

[Blank1]

Gold is useless.

WHAT ?

 

[what]

WHAT ?

Gold is only as useful or useless as people believe it is.

 

[Saithan]

Gold is only as useful or useless as people believe it is.

That pretty much applies to everything and goes way back to trading goods when no form of currency existed.

Gold, bronze, copper they've all been currencies at some point. But I think no one would disagree that gold is still the most valued mineral that people can get hold on.

Turkish central bank’s net profit skyrockets in 3 years

The average annual net profit of Turkey’s central bank has increased by tenfold as of 2018, a report said Wednesday.The Central Bank of the Republic of...

www.dailysabah.com

Interesting that CB transfers profit to treasury so the state can spend even more and still go out and borrow money. I'd argue that the CB should have used the money to acquire foreign currency and build a strong stabilizing force behind the turkish lira.

 

[Constan]

Guess who's back ??

https://twitter.com/i/web/status/1364854061636403205

AKP is a f*cking clown party

 

[Ryder]

Guess who's back ??

https://twitter.com/i/web/status/1364854061636403205

AKP is a f*cking clown party

Why cant they just keep their mouths shut. Why is he coming back when he failed his first job.

 

[Melkor]

Why cant they just keep their mouths shut. Why is he coming back when he failed his first job.

There’s money to steal?

 

[Ryder]

There’s money to steal?

Corruption is so rife in Turkey what I find so ironic is how the parties all accuse each other of corruption when they are all the same shit.

They all enjoy the rotten system because of money. There wont be any change until the voters look past their parties as a football team and start having them at all the balls and say this shit is not right.

 

[Zafer]

Corruption is so rife in Turkey what I find so ironic is how the parties all accuse each other of corruption when they are all the same shit.

They all enjoy the rotten system because of money. There wont be any change until the voters look past their parties as a football team and start having them at all the balls and say this shit is not right.

Corruption, where is it?
There is talk of it but no evidence.
It is called slander when there is no evidence..