TR Economy & Updates

[KKF 2.0]

Why am I pessimistic when I only tell the truth.
You give example with Norway but that is a country with a population of 5.5 million compared to Turkey’s 85 million so much more of what they produce can be exported abroad.

Their coastline is multiple times longer than that of Turkey+ the place is full of islands, fjords and bays which are perfect for fish farms.
Also they are located in the North Atlantic which is much more richer in fish than Turkey’s waters. That’s one of the reasons Norwegians to be an old sea faring nation with lots of traditions in fishing.

You misunderstood me. I wanted to point out that Norway's fish export is mainly based on aqua farming - a method that Turkey can utilize thanks to our geography and long coast lines.

 

[mulj]

Lets be realistic either norway or turkey will get rich from sea food industry but no doubt that kind of industry should get all incetives possible from state due employment effects and better protein base for general population.

 

[Saithan]

You should see the documentary on Norwegian Salmon and how full of chemicals and dangerous stuff they are. But the idea is not bad, just need to properly protect the environment as well.

Anyway.....

Turkey’s short-term external debt stock at $140.8 bln - Latest News

Turkey's short-term external debt stock amounted to $140.8 billion in March, according to the country’s central bank on May 18.

www.hurriyetdailynews.com

 

[mulj]

You should see the documentary on Norwegian Salmon and how full of chemicals and dangerous stuff they are. But the idea is not bad, just need to properly protect the environment as well.

Anyway.....

Turkey’s short-term external debt stock at $140.8 bln - Latest News

Turkey's short-term external debt stock amounted to $140.8 billion in March, according to the country’s central bank on May 18.

www.hurriyetdailynews.com

propably but i suppose there is organic option on table.

 

[Saithan]

Turkish, Swedish export agencies ink reassurance deal - Latest News

The export credit agencies of Sweden and Turkey inked an agreement to provide insurance for firms which jointly undertake projects in third countries, Turk Eximbank said on May 17.

www.hurriyetdailynews.com

Good, it's important to have such cooperations. Especially if we can lend money to Swedish companies and such as they are located in politically stable regions and can pay their debt. (IMO).

 

[Saithan]

Chinese smartphone maker Tecno Mobile starts production in Turkey - Latest News

One of China's biggest mobile phone maker Tecno Mobile has begun manufacturing in Turkey with an investment of $35 million, a company statement said on May 24.

www.hurriyetdailynews.com

 

[Saithan]

Turkish Treasury borrows $1bln through auctions - Latest News

The Turkish Treasury borrowed around 8.36 billion Turkish liras ($1 billion) from domestic markets, according to an official statement on May 24.

www.hurriyetdailynews.com

 

[Saithan]

Deputy Governor of the Central Bank was dismissed​

Merkez Bankası Başkan Yardımcısı görevden alındı

Resmi Gazete’de mart ayında yayımlanan Cumhurbaşkanı Kararı ile Türkiye Cumhuriyet Merkez Bankası Başkanı Naci Ağbal görevden alındı ve yerine

www.veryansintv.com

 

[what]

Ooops I did it again, I played with your worth. Got lost in the Game oh baby baby.

Erdogan fires deputy governor of Turkey’s central bank

President’s decision to remove a third senior official at the institution in 2 months unnerves investors

www.ft.com

 

[Lool]

Deputy Governor of the Central Bank was dismissed​

Merkez Bankası Başkan Yardımcısı görevden alındı

Resmi Gazete’de mart ayında yayımlanan Cumhurbaşkanı Kararı ile Türkiye Cumhuriyet Merkez Bankası Başkanı Naci Ağbal görevden alındı ve yerine

www.veryansintv.com

Is that a good or a bad thing?

 

[KKF 2.0]

Is that a good or a bad thing?

What do you think?

 

[Bogeyman]

How The Shipping Container Crisis Demonstrates The Risk Of Imbalance In Global Trade​

Council Post: How The Shipping Container Crisis Demonstrates The Risk Of Imbalance In Global Trade

Recent demand for commodities such as medical equipment, home office supplies and computer equipment has forced supply chains to import many products and materials.

www.forbes.com

 

[Lool]

What do you think?

Idk tbh that is why iam asking

 

[what]

Idk tbh that is why iam asking

The government isn't supposed to meddle with the central bank in general. Central banks are supposed to be independent. Thats not the case in Turkey and even less so now that more and more personnel is removed and replaced by Erdogan.


This among other things results in the Lira losing value and billions of € in debt getting harder and harder to pay for the government or private companies.

 

[Saithan]

Tümen appointed deputy Central Bank governor - Latest News

Professor Semih Tümen has been appointed deputy governor of Turkey’s Central Bank, replacing Oğuzhan Erbaş.

www.hurriyetdailynews.com

So how long do you guys think he's going to last ? 3 months ?

 

[Stuka]

Turkish Airlines seems determined to lead the pack.

> 26th May 2021

Turkish Airlines operated 729 Flights in one day the 2nd place is AIRFRANCE with 467 Flights.

https://twitter.com/i/web/status/1397877052129357824

> 12th May 2021 (2 weeks Prior)

> Turkish Airlines is going all in apparently.

 

[Nilgiri]

Talks about the resistance+concerns to the project too:

 

[Blank1]

https://twitter.com/i/web/status/1398191853577674755

 

[Stuka]

https://twitter.com/i/web/status/1398191853577674755

Turkish Trade in the Last 4 Years.

> I have looked up the recent Trade deficit values for the Month of April and apparently its getting better. But the pace is interesting.

 

[Nilgiri]

Turkish Trade in the Last 4 Years.

View attachment 21838

> I have looked up the recent Trade deficit values for the Month of April and apparently its getting better. But the pace is interesting.

Not sure where the underlying numbers are from, here they are according to IMF database:

i.e there was a good improvement in 2019 in all (red box highlight) trade balance (goods only and goods + services combined) and also current account (first row at top) from years prior.

Goods + services balance even turned positive to about 19 billion USD and current account turned surplus (6.7 billion USD) for first time in very long time (the table only goes to 2005, and it was always deficit in this timeframe).

2020 however, things went back to lot of negative territory again in these areas.

We shall wait for 2021 full results later I guess.