TR Economy & Updates

[Zafer]

Erdoğan is more popular, people care to hear what he wants to say. I wonder what the opposition have to say when they are given more time. They probably will not even ask for more time. No achievements, no nothing to show off with. Sucks to be the opposition.

 

[B_A]

If we talk about the elections.

Our posts will be deleted again.

 

[Huelague]

Whats our tourism revenue, gold import and FDI in 2023?

 

[B_A]

Whats our tourism revenue, gold import and FDI in 2023?

Still need 1-2month time for final result but almost like this:


Türkiye is on course to meet the tourism revenue target set for 2023 despite the challenges in its region, Vice President Cevdet Yılmaz said last week.

“Our tourism revenues amounted to $42 billion in the first nine months of the year. We are moving toward meeting the target of generating $55.6 billion in tourism revenues this year as foreseen in the medium-term program,” Yılmaz said, speaking at a trade fair.

More than 44 million foreign tourists visit Türkiye - Latest News

Foreign tourist arrivals increased by 11.6 percent in the January-October period from a year ago to 44.2 million, the Culture and Tourism Ministry has said.

www.hurriyetdailynews.com

 

[Huelague]

Our health tourism from abroad is part of which economic sector? Tourism revenue?

 

[B_A]

Our health tourism from abroad is part of which economic sector? Tourism revenue?

The service sector.

And they had a Equations to estimate the consumption of foreigners but cant be 100% sure,only a estimate.

Because no one know if your are a tourist when you buy a durum.

 

[Zafer]

https://twitter.com/i/web/status/1742962517138161832

Defence industry exports champion Baykar sell more than twice the second place holder.

 

[B_A]

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100 billion (TL 2.98 trillion), a senior official said Saturday.

Culture and Tourism Minister Mehmet Nuri Ersoy stated that despite various global instabilities, negative developments in the surrounding areas, wars and last year's devastating earthquakes, dubbed as "disaster of century," Türkiye continues to progress steadily toward its tourism goals.

Türkiye sets sights on $100B revenue in thriving tourism sector

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100...

www.dailysabah.com

 

[Huelague]

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100 billion (TL 2.98 trillion), a senior official said Saturday.

In which period?

 

[B_A]

In which period?

"Starting from this year, we are taking firm steps toward our ultimate goal of $100 billion in tourism by breaking records and increasing the number of visitors and income every year."

Tourism revenue climbed 53.4% to a record high of nearly $46.3 billion in 2022 as the lingering effects of the pandemic dissipated and Russian arrivals skyrocketed after Moscow invaded Ukraine on Feb. 24. Income rose over 20% from a year earlier to $42 billion in first nine months of 2023.


I guess in one year,maybe 2025 or 2026,that s just a target.

 

[Huelague]

I guess in one year,maybe 2025 or 2026,that s just a target.

Never ever in just 2 years. Thats ridiculous. Lets assume a tourist revenue of billion 50$ in 2023. You cant double this within 2 years.

 

[Bozan]

1 dollar = 30 lira

Taken from BDDK annual report, probably by now credit card debt is over 1 trillion Liras given the increases over the year.

People are spending more on credit cards at a higher speed, it probably tripled by end of 2023 compared to 2022.

 

[B_A]

Türkiye's current account swings to $2.7B deficit in November

Türkiye's current account balance turned to a deficit in November, the central bank data showed Friday, after two months of surpluses. The...

www.dailysabah.com

Ankara said in September it expects a deficit of $42.5 billion in 2023 from 2022's $48.8 billion, which was largely driven by energy and gold.

Şimşek said despite the foreign trade deficit being $6 billion below the medium-term program estimate in 2023, they evaluate that the year-end current account deficit will exceed the MTP forecast.

 

[Scott Summers]

1.- Use all the newly discovered oilfields to pay all the creditcard debts in one day. The banks, the people, the working class, all of them would get fresh air and the economy would get a boost and fireworks.

2.- After that raise taxes on food to 10% and non-food to 20%.

3.- Join the BRICS after this because they will soon introduce a BRICS-currency thats gonna replace the ruble, real, rupie, remninbi and rand. Turkey will get a new currency integrated with the economies of Russia, China, India, Brasil and South Africa. The lira will be history together with the bad media coverage.

 

[what]

You must have been classmates with Berat Albayrak.

 

[Scott Summers]

Turkish companies wining African infrastructure, superstructure projects​

Companies have completed 1,864 projects on African continent, says Foreign Economic Relations Board of Türkiye​

Hamza Kyeyune |13.01.2024 - Update : 13.01.2024

​

KAMPALA, Uganda
Turkish companies are rapidly expanding in the African infrastructure sector, creating employment opportunities for hundreds of thousands of workers.

Data from the Foreign Economic Relations Board of Turkey (DEIK) said that in 2023, Turkish contracting companies completed 1,864 projects on the African continent, totaling $85.4 billion in infrastructure and superstructure investments, while Turkish investments in Africa hit $10 billion.

Turkish companies wining African infrastructure, superstructure projects

Companies have completed 1,864 projects on African continent, says Foreign Economic Relations Board of Türkiye - Anadolu Ajansı

www.aa.com.tr

 

[Jammer]

People taking a meme of an organization called BRICS seriously should get an appointment to mental asylum.

 

[Scott Summers]

Türkiye sees 1.22M in house sales in 2023​

Foreigners bought over 35,000 houses in Türkiye last year, with Russian buyers topping the list​

​

ISTANBUL
In 2023, 1.22 million houses were sold in Türkiye, down 17.5% from 2022, the country's statistics authority TurkStat said on Friday.

Istanbul, the country's most populous city, had the lion's share of housing sales with 16.2% or 198,739 units last year, followed by the capital Ankara (114,432 or 9.3%) and the Aegean city of Izmir (65,465 or 5.3%).

Housing sales to foreigners fell 48.1% in 2023 on a yearly basis to 35,005 units.

The Mediterranean resort city of Antalya ranked first in sales to foreigners last year with 12,702, followed by Istanbul with 11,229 and then Mersin, also on the Mediterranean, with 3,016.

Russian citizens bought 10,560 houses in Türkiye in 2023, followed by Iranian citizens with 4,272 and Iraqi citizens with 1,917.

The number of mortgage sales dropped 36.6% to 177,748 units in 2023, while other house sales totaled 1.05 million, down 13%.
Some 379,500 housing units sold last year were new, while 846,384 were pre-owned.

In December alone, house sales in the country dropped 33.4% to 138,577 units.

"In December, house sales to foreigners decreased by 67.7% compared to the same month of the previous year to 2,064," it added.

Türkiye sees 1.22M in house sales in 2023

Foreigners bought over 35,000 houses in Türkiye last year, with Russian buyers topping the list - Anadolu Ajansı

www.aa.com.tr

 

[Bogeyman]

https://twitter.com/i/web/status/1749036891595251850

The size of the software & IT sectors in Turkey has reached 25 billion dollars. Don't listen to those who say that our software developers cannot organize and earn money. Smart people manage to become rich.

 

[UkroTurk]

Türkiye sees 1.22M in house sales in 2023​

Foreigners bought over 35,000 houses in Türkiye last year, with Russian buyers topping the list​

​

ISTANBUL
In 2023, 1.22 million houses were sold in Türkiye, down 17.5% from 2022, the country's statistics authority TurkStat said on Friday.

Istanbul, the country's most populous city, had the lion's share of housing sales with 16.2% or 198,739 units last year, followed by the capital Ankara (114,432 or 9.3%) and the Aegean city of Izmir (65,465 or 5.3%).

Housing sales to foreigners fell 48.1% in 2023 on a yearly basis to 35,005 units.

The Mediterranean resort city of Antalya ranked first in sales to foreigners last year with 12,702, followed by Istanbul with 11,229 and then Mersin, also on the Mediterranean, with 3,016.

Russian citizens bought 10,560 houses in Türkiye in 2023, followed by Iranian citizens with 4,272 and Iraqi citizens with 1,917.

The number of mortgage sales dropped 36.6% to 177,748 units in 2023, while other house sales totaled 1.05 million, down 13%.
Some 379,500 housing units sold last year were new, while 846,384 were pre-owned.

In December alone, house sales in the country dropped 33.4% to 138,577 units.

"In December, house sales to foreigners decreased by 67.7% compared to the same month of the previous year to 2,064," it added.

Türkiye sees 1.22M in house sales in 2023

Foreigners bought over 35,000 houses in Türkiye last year, with Russian buyers topping the list - Anadolu Ajansı

www.aa.com.tr

Currently real estate market is dead due to high interest rates. Stupid people think: they earning money from deposits while they aren't noticing their lira deposits are melting down against inflation.

Currently you could find flats cheaper than their construction costs.

After the election government won't care about value of Turkish Lira, they won't stop increase of exchange rates , they won't give high interest rates to deposits. So people with Turkish Lira will again invest in real estates. Finally the costs of flats will rise.


Nowadays it's best time to buy real estate in Türkiye.