TR Economy & Updates

[Scott Summers]

You expect companies to fly over millions and billions in currency every time they make a deal? You dont make sense in most of your posts, but lucky for you low quality is not a punishable offence rules-wise.

No, in case of a neighbour like Russia, every Russian firm can create a office in Istanbul for the cash money payment, or the Russian-Turkish Business Forum can create a office in Istanbul for the cash payments of every Turco-Russian trade. In that office you can make cash transactions in lira's and rubbles. After business is finished, you can always turn the local currencies to dollars or euros.

No digital transactions, no dollars or euros. No control, no sanctions. How do you think Iran, Cuba and North Korea handle these things for years under all those sanctions? Cash payment is the solution.

 

[_Mu_]

Increase in GDP per capita (PPP) between 2003-2023.

Turkey: 257%
Poland: 242%
Russia: 161%
Germany: 110%
Netherlands: 105%
France: 90%
Spain: 88%
UK: 85%
Italy: 72%

https://twitter.com/i/web/status/1761058338140213555

 

[Scott Summers]

More good news.

https://twitter.com/i/web/status/1761057180239700171

 

[I_Love_F16]

More good news.

https://twitter.com/i/web/status/1761057180239700171

Very good question …

 

[Scott Summers]

View attachment 65918

Very good question …

Yes, but was Şimşek in charge when we fell in the Grey List?

 

[I_Love_F16]

Yes, but was Şimşek in charge when we fell in the Grey List?

Either way, those who were in charged should be trialed for corruption and mismanagement. But obviously this will never happen.

 

[what]

The topic is Economy updates, not Palestine, not Hamas.

 

[B_A]

TURKSTAT Corporate

data.tuik.gov.tr

Gross Domestic Product (GDP) increased by 4.5% in 2023

Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 4.5% in 2023 compared with the previous year.

Gross domestic product at current prices increased by 75.0% and reached 26 trillion 276 billion 307 million TRY in 2023 compared with the previous year.

Gross Domestic Product per capita was 307 952 TRY in 2023

The gross domestic product per capita was 307 952 TRY and 13 110 US Dollars at current prices in 2023

 

[Bozan]

TURKSTAT Corporate

data.tuik.gov.tr

Gross Domestic Product (GDP) increased by 4.5% in 2023

Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 4.5% in 2023 compared with the previous year.

Gross domestic product at current prices increased by 75.0% and reached 26 trillion 276 billion 307 million TRY in 2023 compared with the previous year.

Gross Domestic Product per capita was 307 952 TRY in 2023

The gross domestic product per capita was 307 952 TRY and 13 110 US Dollars at current prices in 2023

Danger if not managed correctly:

https://twitter.com/i/web/status/1763123781852135798

https://twitter.com/i/web/status/1763123789770920008

 

[Bozan]

https://twitter.com/i/web/status/1762821045285691504

Number 1!

 

[TheInsider]

I expect another devaluation after the elections. 1 dollar will be 40 TL.

 

[fushkee]

They have already .ucked up the economy and will .uck up that until they go!

 

[Lool]

The Turkish economy grew by 4.5 percent in 2023, above the Medium Term Program (MTP), exceeding 1.1 trillion dollars.
National income per capita increased to 13 thousand 110 dollars.
One third of the growth in 2023 came from investments in machinery and equipment that increased our productive capacity.
In line with our program, the balancing in growth that started in the third quarter of the year continued in the last quarter.
Indicators for 2024 indicate that balancing and improvement in the current account deficit continues.
We are moving towards our program goals

https://twitter.com/i/web/status/1763137024465203211

 

[BalkanTurk90]

https://twitter.com/i/web/status/1762821045285691504

Number 1!

Thats only for Istanbul or even in other cities ?? In istanbul its normal when have so many people and emigrants just like im london . Then thats 5x increase its aslo bacause of lira just like with other products and servives .

We should compare it with other countries:

- London / 2200 pound Salary / 2000 rent) 90%

- Mosxow / 100 000 Rub/ 70 000 rent)70%

- Athens / 1200 Eur / 500 rent) 40%

- Sofia / 3000 bgn / 1000 rent) 35%

- Ankara / 30 000 TL / 15 000 rent 50%

(So its not that bad like in london but in london those who suffers are emmigrats because native are almost all rich

 

[Tornadoss]

Thats only for Istanbul or even in other cities ?? In istanbul its normal when have so many people and emigrants just like im london . Then thats 5x increase its aslo bacause of lira just like with other products and servives .

We should compare it with other countries:

- London / 2200 pound Salary / 2000 rent) 90%

- Mosxow / 100 000 Rub/ 70 000 rent)70%

- Athens / 1200 Eur / 500 rent) 40%

- Sofia / 3000 bgn / 1000 rent) 35%

- Ankara / 30 000 TL / 15 000 rent 50%

(So its not that bad like in london but in london those who suffers are emmigrats because native are almost all rich

Is the number of newly constructed building same as in Istanbul? In Europe, it's hard to make a construction, here in Czech republic you apply for permit but it could take up to 5 years to get it, because you shouldn't suppose to change the aesthetics of the city and old buildings are protected. On the other side, everywhere in Turkey is a construction zone.

 

[what]

Average income in London is around 44k GBP, average rent 2.5k GBP p month or around 30k GBP per year.
Still bad, but Brits are usually sharing apartments.

Average monthly rents hit £2,500 in London and £1,190 for rest of UK

Average asking price reached record levels inside and outside capital in first three months of 2023, Rightmove finds

www.theguardian.com

UK full-time annual salary by region 2024| Statista

Average earnings in London were higher than the rest of the UK in 2024, with earnings varying significantly across UK regions.

www.statista.com

Whats the situation for Istanbul or Istanbul, any official numbers?

 

[_Mu_]

Where are Europe’s most expensive cities for renters?

Our “Carrie Bradshaw index” moves across the pond

www.economist.com

How Europe’s cities stack up in the cost-of-living index

The region is home to some of this year’s biggest climbers

www.economist.com

 

[Scott Summers]

Turkmenistan signs gas deal with Turkey, eyeing European sales

If finalized, Turkmenistan can reduce reliance on China as dominant customer

ANTALYA, Turkey -- Officials from Turkmenistan and Turkey signed two preliminary agreements on Friday for the Central Asian country to supply gas to Turkey and onward to Europe, deals that would aid Ankara's bid to become a regional energy hub.

Turkmenistan signs gas deal with Turkey, eyeing European sales

If finalized, Turkmenistan can reduce reliance on China as dominant customer

asia.nikkei.com

 

[B_A]

Turkish economy 'balancing' as improvement in trade gap continues

Treasury and Finance Minister Mehmet Şimşek announced Saturday that the annual improvement in the foreign trade deficit reached a total of $13.2 billion...

www.dailysabah.com

 

[Heartbang]

And here I was, wondering why the US stance softened like a kitty all of a sudden. That surely explains it!

https://twitter.com/i/web/status/1765104469199446125

USA's LNG export chart. Turkey became the 3rd largest LNG buyer of the USA in December 2023, after the UK and the Netherlands.