TR Economy & Updates

[Huelague]

List of countries by exports - Wikipedia

en.wikipedia.org

 

[Huelague]

Thats more accurate.

www.worldstopexports.com/worlds-top-export-countries/

 

[Huelague]

What is the export target of the government for the next 5 years.

 

[dBSPL]

What is the export target of the government for the next 5 years.

TİM - Türkiye İhracatçılar Meclisi - 11'nci Kalkınma Planı ve İhracat Hedefleri

2023 İHRACAT HEDEFİ 226,6 MİLYAR DOLAR. BEŞ YILDA İHRACAT YÜZDE 35, YILLIK ORTALAMA YÜZDE 6,2 ARTACAK. PLANDA, İHRACATTA ÖNCEKİ DÖNEMLERE GÖRE DAHA TEMKİNLİ HEDEFLER KONULDUĞU GÖRÜLÜYOR.

tim.org.tr

The 2023 target is approximately 230 billion dollars.

BUT

It was determined as 458 billion dollars in the "Foreign Trade Projection 2002-2023" prepared by the Undersecretariat of Foreign Trade, 2002. The report envisaged a foreign trade deficit of $ 100 billion. Then, in the AKP's 2023 projection decleration, the target was revised to $ 500 billion and it was said that the foreign trade deficit would disappear. However, after a short time, the 2008 Global Crisis started to change financial balances in the world. Then this situation were followed by domestic crises mostly after 2013. And since 2016, we have become a country that many countries want to limit its relations commercially with failed coup attempt and especially cross-border military operations from Syria to Libya.In the meantime, there are countless economic and foreign political mistakes and incompetences made by the AKP.

Naturally, we are behind those numbers now. The only advantage is that the import figures declined because of the TL's rapid devaluation and this gives opportunity for trade balance. However, the rapid depreciation of the TL and the inflationary pressure were weaken household purchasing power too much, so its impact on the bottom will not be felt easily.

 

[what]

Bloomberg - Are you a robot?

Varlık Fonu GM Sönmez: 2021 bizim için doğrudan yatırım yılı olacak

Bloomberg’e röportaj veren Türkiye Varlık Fonu Genel Müdürü Zafer Sönmez, “Doğrudan yatırımlar için artık sahadayız. Önümüdezdeki 5 yıl içinde proje büyüklüğü toplamda yaklaşık 15 milyar dolar olan projelere başlıyoruz” dedi. Sönmez, yılın ilk yarısında denetim süreçlerini tamamlamayı...

www.bloomberght.com

TWF will start with investments in 2021 after doing mostly M&A in 2020. Focus will be a petrochemical plant in Ceyhan for around 10bln € and 1,5bln € of less imports once finished. Gold exploitation and unfortunately a coal plant.

 

[Saithan]

Shipping firms try to navigate pandemic amid container inflation

Maritime container freight shipping is steaming ahead through the COVID-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels...

www.dailysabah.com

I hope Government will ensure local container production especially considering the iron silkroad, anything else is retarded.

Just take security deposit for every container made, so those containers come back.

 

[Saithan]

Turkey calls for investments in specialized free zones

Turkey provides many opportunities and incentives for innovation and technology-focused investments in the specialized free zones, Trade Minister Ruhsar...

www.dailysabah.com

 

[Saithan]

Turkish gold trading app attracts investor interest - Latest News

More than 10 companies, including three from the United States and one from Europe, have shown interest in Turkish startup Goldtag, which enables users to make gold transactions and give golden gifts via mobile phones.

www.hurriyetdailynews.com

So if this Turkish app becomes huge we can expect some tax income from all the trades

 

[Saithan]

Turkey to forbid chain markets from selling tobacco, electronics

In a major shift in retail trade, grocery store chains in Turkey will be forbidden from selling several items, including tobacco and electronic goods, and...

www.dailysabah.com

Idiocy on highest level, it’s likely aimed at hurting big ones like Migros, who isn’t supporting AKP.

 

[adenl]

Turkey to forbid chain markets from selling tobacco, electronics

In a major shift in retail trade, grocery store chains in Turkey will be forbidden from selling several items, including tobacco and electronic goods, and...

www.dailysabah.com

Idiocy on highest level, it’s likely aimed at hurting big ones like Migros, who isn’t supporting AKP.

Or just supporting mom and pop stores in these difficult times. Wise decision imo.

 

[Zafer]

Turkey to forbid chain markets from selling tobacco, electronics

In a major shift in retail trade, grocery store chains in Turkey will be forbidden from selling several items, including tobacco and electronic goods, and...

www.dailysabah.com

Idiocy on highest level, it’s likely aimed at hurting big ones like Migros, who isn’t supporting AKP.

Migros is a small chain compared to the big ones.

Location numbers
A101 10.001
Bim 8.348
Şok 7.882
Migros 2.231
Others ~5.000

Prejudice peaks.

 

[Yasar_TR]

Migros is a small chain compared to the big ones.

Location numbers
A101 10.001
Bim 8.348
Şok 7.882
Migros 2.231
Others ~5.000

Prejudice peaks.

FYI
More important measure of size when it comes to retail sector it is turnover and square footage; I could only find the turnover.
BIM: 40 billion TL
Migros : 23.1 billion TL
A101 : 20 billion TL
Şok : 16 billion TL
Carrefoursa : 6.5 billion TL

 

[mulj]

Turkey to forbid chain markets from selling tobacco, electronics

In a major shift in retail trade, grocery store chains in Turkey will be forbidden from selling several items, including tobacco and electronic goods, and...

www.dailysabah.com

Idiocy on highest level, it’s likely aimed at hurting big ones like Migros, who isn’t supporting AKP.

If it is related with covid it is wise decision, i have friend in switzerland and he told me that they sell only food and hygienic products in markets, maybe @xenon can confirm it.

 

[Zafer]

A cigarette smoker is 14 times more susceptible to severe Covid-19 related morbidity than a none smoker.

Stop smoking now!

Tütün kullanımı Kovid-19'un ağır seyretme riskini 14 kat artırıyor

Bilimsel çalışmalar, Kovid-19 hastalarından sigara içme öyküsü bulunanlarda, zatürre gelişme, hastanede yatma, yoğun bakım ve solunum destek cihazı desteğine ihtiyaç duyma riskinin, diğerlerinden 14 kat fazla olduğunu ortaya koydu. - Anadolu Ajansı

www.aa.com.tr

 

[Saithan]

Government is interfering in business concepts and as I see it even incurs loss on businesses with their restrictive measure. The government is trying to get the poor farmers vote by enforcing local production on shelves. I’m all for local production, but if the quality isn’t good then they’re not good enough to be on the shelves.

 

[Saithan]

Turkey’s natural gas futures trading market to open this year

A natural gas futures market, which will make a significant contribution to trading activities, will be opened this year within the Istanbul Energy...

www.dailysabah.com

So are we going to see AKP sell off the whole field to cash in money to save the economy ?

 

[Huelague]

JP Morgan revises up Turkey's growth rates for 2020, 2021

Turkey's growth always 'surprises to the upside,' mirroring robustness, flexibility of Turkish private sector, says report - Anadolu Ajansı

www.aa.com.tr

 

[Huelague]

A cigarette smoker is 14 times more susceptible to severe Covid-19 related morbidity than a none smoker.

Stop smoking now!

Tütün kullanımı Kovid-19'un ağır seyretme riskini 14 kat artırıyor

Bilimsel çalışmalar, Kovid-19 hastalarından sigara içme öyküsü bulunanlarda, zatürre gelişme, hastanede yatma, yoğun bakım ve solunum destek cihazı desteğine ihtiyaç duyma riskinin, diğerlerinden 14 kat fazla olduğunu ortaya koydu. - Anadolu Ajansı

www.aa.com.tr

Stop eating Sugar!

 

[Zafer]

Stop eating Sugar!

Stop eating white bread. People should stop working for bread money and start working for pasta.

 

[Turko]

A woman dares yelling to President :"My son has came from the military, I am operated, I am hungry"

And somebody neglected her.

Here is the current situation of Türkish economy.