TR Economy & Updates

[Ryder]

it is a well known fact that during any calculation of GDP or PPP we should also take in to account avarage CDF and anual HGM, SPT and FGGGA all at the same time and speratly than just for fun you can just ignore unemploymet, inflation, or the fact that Poland has higer export than Turkey and tell people that Turkish econmy is doing great.

Thats embarasaing as shit to be honest.

 

[Tornadoss]

Thats embarasaing as shit to be honest.

Also CZ is making more export than us.

 

[Ravenman]

Look here the waiting list for a new car in Turkey. Carproducers couldnt answer to the high demands in Turkey. But the opposition parties still screaming "economy is baaaad".

 

[mulj]

Look here the waiting list for a new car in Turkey. Carproducers couldnt answer to the high demands in Turkey. But the opposition parties still screaming "economy is baaaad".

well, they are not waiting for ferrari's, so it is legitimate to critisize economy

 

[Turko]

Look here the waiting list for a new car in Turkey. Carproducers couldnt answer to the high demands in Turkey. But the opposition parties still screaming "economy is baaaad".

Due to covid-19 crisis global supply dropped. Automobile producers can't supply enough numbers.You can also look at price of used cars market.

I don't neglect the fact that in Turkey there is happy 5%.

 

[Ryder]

Also CZ is making more export than us.

As a people we come to accept being mediocre.

 

[Tornadoss]

Look here the waiting list for a new car in Turkey. Carproducers couldnt answer to the high demands in Turkey. But the opposition parties still screaming "economy is baaaad".

There are several reason for that. Covid decreased the car production rate, and another reason there is chip crisis for automobiles which also effects the production. Another one there was expected increase on car prices, so before that happen people wanted to buy car. Anyway, I am not sure car sales are a good indicator for economy. People mostly buying the cars with credit and installments.

 

[Ravenman]

There are several reason for that. Covid decreased the car production rate, and another reason there is chip crisis for automobiles which also effects the production. Another one there was expected increase on car prices, so before that happen people wanted to buy car. Anyway, I am not sure car sales are a good indicator for economy. People mostly buying the cars with credit and installments.

Car sales and house sales are one of the greatest indicators of a economy.

I am in Turkey right now and car prices are very high (120.000 TL for a stupid ugly Fiat Linea for example or 190.000 TL for a very standard Dacia Duster) but people are buying. I knever knew that there were so much vehicle owners in Turkey. I am in a little city (Elazig) and traffic is exploding while in the mean time there is no space to park your car.

 

[Turko]

Also CZ is making more export than us.

In order to keep up Chezchia, Ottomans should have made industry revolution in 19th century.

 

[Turko]

Car sales and house sales are one of the greatest indicators of a economy.

I am in Turkey right now and car prices are very high (120.000 TL for a stupid ugly Fiat Linea for example or 190.000 TL for a very standard Dacia Duster) but people are buying. I knever knew that there were so much vehicle owners in Turkey. I am in a little city (Elazig) and traffic is exploding while in the mean time there is no space to park your car.

Prices are very high because the prices in Turkish Liras which has been devaluated. New car prices subject to usd and euro so you should convert the prices in usd/euro.

 

[Costin84]

What

What about nominal GDP in USD in last ten years.. going from 16th to 20th place... GDP pipi could be affected by how you calculate inflation, printing money etc. Show the real value )

PPP standing next to Spain......in the real world of nominal GDP, standing next to Iran

 

[Anmdt]

Car sales and house sales are one of the greatest indicators of a economy.

I am in Turkey right now and car prices are very high (120.000 TL for a stupid ugly Fiat Linea for example or 190.000 TL for a very standard Dacia Duster) but people are buying. I knever knew that there were so much vehicle owners in Turkey. I am in a little city (Elazig) and traffic is exploding while in the mean time there is no space to park your car.

Old traditions die hard, buy a car before an house, get a horse before an otağı.

 

[Melkor]

In order to keep up Chezchia, Ottomans should have made industry revolution in 19th century.

Ottomans too busy expecting miracles from heaven whilst planning to be rewarded with a gazillion blonde Czech women in the afterlife...

 

[Ryder]

In order to keep up Chezchia, Ottomans should have made industry revolution in 19th century.

Ottomans were not a capitalist society too feudal and agricultural along with being traditional.

Biggest mistake that the Islamic World has done was by handing out their industries to the minority populations and allowing too much free market to roam which allowed Europeans to flood their goods to undercut local production.

Seriously the Ottomans allowed the Greeks, Armenians and Jews to get rich while Muslims stayed poor especially the Turks.

Same story in a lot of Islamic Empires. At least the Ummayads were racist enough to keep their people on top.

Long term mistakes that costed us.

 

[Costin84]

Car sales and house sales are one of the greatest indicators of a economy.

I am in Turkey right now and car prices are very high (120.000 TL for a stupid ugly Fiat Linea for example or 190.000 TL for a very standard Dacia Duster) but people are buying. I knever knew that there were so much vehicle owners in Turkey. I am in a little city (Elazig) and traffic is exploding while in the mean time there is no space to park your car.

Are you sure that's the price for a standard, basic Duster.? It seems steep at 19.5 k €......It's 14k in Romania.

 

[Tornadoss]

Are you sure that's the price for a standard, basic Duster.? It seems steep at 19.5 k €......It's 14k in Romania.

It's due to the taxes. Taxes on vehicles in Turkey are too damn high.

 

[Ravenman]

Are you sure that's the price for a standard, basic Duster.? It seems steep at 19.5 k €......It's 14k in Romania.

Serious, between 185 and 200k. And 130k for occasions.

Good car by the way. A decent SUV for the little man.

 

[Saithan]

Yavuz Sultan Selim Köprüsü el değiştiriyor: Yüzde 51'i satılacak

Şirkete yakın kaynaklar, görüşmelerin son aşamaya geldiğini teyit etti ve kısa süre içinde satışın tamamlanabileceğini belirtti.

www.veryansintv.com

The countdown has begun for the first big sale of 2021. It has been learned that IC İçtaş has reached the signing stage in the negotiations with the Chinese for the sale of 51 percent of Yavuz Sultan Selim Bridge and Northern Ring Motorway.​

So why are we selling our bridges ? There is pretty much guarenteed ROI on these bridges, is it so RTE can have money enough for his Canal ?

 

[Ravenman]

Is IC Içtaş a state company?

 

[Bogeyman]

Tosyalı holding's 2.5 billion dollar steel plant investment entered the last flat


Most of the 2.5 billion dollar flat steel production plant realized by Tosyalı Holding in Iskenderun has been completed.

According to Tosyalı holding's statement, the company continues its investments shaped by technology and innovation unabated. Tosyalı Holding, which continues its contribution to the Turkish economy despite all the negative conditions of the epidemic, is making one of the largest industrial investments in Iskenderun in recent years.

2 in Iskenderun last year. The company continued to invest in New Steel, which it started in the Organized Industrial Zone (OSB), and completed most of this investment.

Sariseki plant, which will initially produce from scrap, will switch to steel production from the mine in the medium term. The total investment size will be $ 2.5 billion when the plant comes into operation, it will produce 4 million tons of flat steel per year and provide direct employment to 1,300 people.

The facility, which continues to invest, will replace half of Turkey's flat steel imports, in other words, its annual imports of $ 4 billion. Together with this facility, Tosyalı holding's consolidated production figure will reach 10 million tons per year. With this figure, Tosyalı will become one of the largest producers not only in Turkey but also in the whole region.

The two ports that will be located within the Sariseki facility will also contribute significantly to Tosyali's export power, which will exceed $ 2 billion per year.


A first in Turkey: EAF Quantum technology


Tosyalı Iskenderun will be the first user of Quantum Furnace technology in Turkey, which provides lower electrical energy consumption with its sariseki plant. The plant, which will integrate Industry 4.0 applications into production processes, will be one of the best examples of digital transformation in world steel production.

Tosyalı continues its investments in Algerie, which started in Algeria in 2013 and has the distinction of being the largest foreign investment in the history of the Republic. Planned as Phase 5 and Phase 4. Tosyalı Algerie, where Phase investment started, will turn into an industrial plant with flat and long product capacity reaching 8.5 million tons, including 7.5 million tons of integrated mining facility when all stages are completed.

Over the next 5 years, Tosyalı Algerie's turnover is planned to exceed $ 8 billion. Having commissioned the world's largest DRI module in 2018, Tosyalı Algerie set a world record by reaching a production figure of 2.23 million tons in 2020 with a single DRI module.


"Despite the epidemic, investments continue"


Tosyalı Holding Chairman of the Board of Directors Fuat Tosyalı, who gave his assessments on the issue in the statement, reported that despite the epidemic conditions, they continued their investments unabated.

Tosyalı, " as a company that adopts the principle of producing, investing for Turkey, creating added value with technology and innovation, providing employment, we work with all our strength in line with our global growth strategy, without losing our investment appetite even in the most difficult conditions."used the phrase.

"Our flat steel plant, which continues to invest in Iskenderun today, will carry our total capacity to the level of 10 million tons per year with the technological and value-added production that it will realize, and will contribute seriously to our country's struggle with the current account deficit."description found.


"Tosyali Algerie passed to world literature"


Fuat Tosyalı stated that they are very proud to be referred to as a world brand coming out of Turkey in the steel sector and gave the following information:

"As a group, our biggest motivation is to raise the flag of our country in different geographies of the world and to demonstrate the technological level and innovation capacity of Turkish industry on a global scale. Our Tosyalı Algerie facility in Algeria is not only Turkey's largest investment abroad, but also one of the largest and technological investments in the iron and steel sector on a global scale. Now we are reinforcing our experience in the field of qualified flat steel with our fourth phase investment, which we started here."


"We will continue to grow in Africa"


Tosyalı Holding Chairman of the Board of Directors Tosyalı, noting the importance and potential of the African continent in the world economy, reported that they will continue their investments here.

As Tosyalı Group in 2019, West Africa opened its doors with Senegal investment, recording that Tosyalı, 2023'te production capacity here will be 750 thousand tons per year, Senegal'de Tosyalı special industrial zone creation work continues, he said.

Tosyalı, this industrial zone will also be open to investors who will come to the region from Turkey, stating the following statements:

"Senegal's investment will contribute greatly not only to the country's economy, but also to the development of the region and the continent. In Angola, we focused on mining, which is the most important pillar of integrating our business. We have stepped up our investments in the region with the aim of operating one of Angola's largest iron ore mines. In January 2020, we began the necessary work to process iron ore. With this project, we aim to start with 5 million tons per year and reach 10 million tons of iron ore processing capacity in a short time."

Tosyalı Holding'in 2,5 milyar dolarlık çelik fabrikası yatırımında son düzlüğe girildi

Türkiye'de bir ilk olan EAF Quantum teknolojisinin kullanılacağı İskenderun Sarıseki Tesisi'ndeki yatırımın tamamlanmasıyla Tosyalı, yılda 10 milyon tonluk üretim rakamına ulaşacak. - Anadolu Ajansı

www.aa.com.tr