TR Economy & Updates

[Saithan]

You are absolutely right.
I'm 44 years old and don't remember when the last labour strike was. Labours are doomed to be slave .

Labour could join unions but What about Turkish pensioners?
What about unemployed mass?

Turkish economy can't create new jobs. Creating new jobs and productiveness of current vacancies different things.

As I see it RTE and government saved the Syrians and giving them work, thus creating a feudal lord relation where Syrians have to be grateful and vote on RTE and AKP if they want to stay in the country.

While RTE and Government punishes Turks by keeping them unemployed and barely surviving. They're trying to weed out the strong Turks who believe in Atatürk, Liyakat and secularism.

Economically they've already positioned their own sharia minded compatriots in all layers of society and in important places, so they can guarentee the safety and well being of likeminded people and keep them in jobs and make sure they get enough to survive.

That is why I believe @TheInsider when he posted that government is already giving citizenship/voting rights to Syrians. Because there are no parliamentary mechanism that audits this process.

I think it's necessary for Turkey to implement danish system of giving citizenship to foreigners, so that AKP and RTE can't sell pasport for money.

It's quite an OT post, but it's related to economy and politics as they are now, interchangable.

 

[Saithan]

Turkey aims for ‘sustainable’ growth model: Minister​

ANKARA​

A growth model would not be sustainable if not based on efficiency development, Treasury and Finance Minister Lütfi Elvan said in a parliament commission meeting on Nov. 12.


The Turkish economy recorded a growth rate of 14.3 percent in the first half of this year with support from domestic investments and net foreign demand, he told lawmakers at the planning and budget commission meeting.


“A growth model not supported by efficiency achievements is not a sustainable growth model,” he added.
The volume of economic supports for households against the fallout from the coronavirus pandemic will reach 734 billion liras ($75.3 billion) at the end of the year, he said.

“In our fight against inflation, we have waived 125 billion liras in public revenues with tax breaks and price adjustments. We have shown our determination in fiscal policy very clearly. Supports for natural gas and electricity bills are not included in the figure I have mentioned,” said Elvan.

Denying claims that the Turkish government prefers the Turkish Lira to be cheaper against foreign currencies to ramp up exports, Elvan underlined that Turkey has introduced a floating exchange rate regime, in which the value of the lira is determined in the open market.

He also said that the international business conditions and the high inflation rate in Turkey requires “cautiousness.”


The headline inflation rate in Turkey hit 19.89 in October, according to the Turkish Statistical Institute. The Turkish Central Bank will decide on its benchmark interest rate, which it cut to 16 percent from 18 percent last month, on Nov. 18.


The lira/dollar exchange rate rose 0.8 percent to a new high of 9.98, just short of the 10-dollar psychological mark on Nov. 12.

The Turkish economy is expected to grow around 9 percent this year, according to international organizations.
But it is more important that growth should contribute to employment and income distribution fairness, the minister said.

Despite the high growth rate, the current account balance gap’s ratio to the gross domestic product (GDP) will be below 2 percent in 2021, he said, in contrast with recent years.

Turkey aims for ‘sustainable’ growth model: Minister - Türkiye News

A growth model would not be sustainable if not based on efficiency development, Treasury and Finance Minister Lütfi Elvan said in a parliament commission meeting on Nov. 12.

www.hurriyetdailynews.com

 

[Deliorman]

Empty words and fairy tales.

 

[Anastasius]

As I see it RTE and government saved the Syrians and giving them work, thus creating a feudal lord relation where Syrians have to be grateful and vote on RTE and AKP if they want to stay in the country.

While RTE and Government punishes Turks by keeping them unemployed and barely surviving. They're trying to weed out the strong Turks who believe in Atatürk, Liyakat and secularism.

Economically they've already positioned their own sharia minded compatriots in all layers of society and in important places, so they can guarentee the safety and well being of likeminded people and keep them in jobs and make sure they get enough to survive.

That is why I believe @TheInsider when he posted that government is already giving citizenship/voting rights to Syrians. Because there are no parliamentary mechanism that audits this process.

I think it's necessary for Turkey to implement danish system of giving citizenship to foreigners, so that AKP and RTE can't sell pasport for money.

It's quite an OT post, but it's related to economy and politics as they are now, interchangable.

If there are records kept of the number of Syrians and other migrants who got citizenship, you could use that to trace the ones that got it post-circa-2015 if you get into power and revoke all of them. Maybe make certain exceptions for well-behaved, well-integrated refugees and migrants but anyone who exhibits tendencies undermining the political/social foundations of the nation should be shown the door immediately, along with their offspring.

I don't really expect any of the parties to do it, save for maybe IYI, but it feels like something that is long overdue. And I say this from a perspective of someone concerned for Azerbaijan too, because if you guys get infected and gradually destroyed from the inside-out, then we're screwed too and so are all the other Turk minorities in the region. Need to keep you healthy.

 

[Turko]

Empty words and fairy tales.

After 20 years they have started aiming they had better collect misshooting bullets.

 

[Manomed]

bread is now 2.5 tl

 

[Turko]

Who cares about Turkish Lira unless you are Turkish citizen.

My humble meal costs just 4 USD in Istanbul.

Let them eat bread

 

[Manomed]

View attachment 35540
Who cares about Turkish Lira unless you are Turkish citizen.

My humble meal costs just 4 USD in Istanbul.

Let them eat bread

we can't even eat bread tho lmao

 

[what]

Some of the take or still pay but leave the gas contracts with Russia are soon ending. You might remember I mentioned them in the past.

Looks like Turkey has to bailout private companies because they are overdue, expensive and the companies can't pay for them.

https://twitter.com/i/web/status/1459640900980727816

 

[Cabatli_TR]

MBZ is coming to Turkey

https://twitter.com/i/web/status/1459990854928683013

@Philip the Arab

 

[TR_123456]

MBZ is coming to Turkey

https://twitter.com/i/web/status/1459990854928683013

@Philip the Arab

Wth?

 

[TheInsider]

What the fuck lol!

 

[HTurk]

Wth?

It's not surprising at all. They are reevaluating their foreign policy since Biden has won the election. Tbh, so far, I've seen nothing new from the UAE with respect to Turkey, just empty words.

Their actions haven't changed, they still try to undermine our interests in Libya, Somalia or elsewhere.

 

[Saithan]

It's not surprising at all. They are reevaluating their foreign policy since Biden has won the election. Tbh, so far, I've seen nothing new from the UAE with respect to Turkey, just empty words.

Their actions haven't changed, they still try to undermine our interests in Libya, Somalia or elsewhere.

Maybe, but he can buy RTE with USD.

And trust me when I say that They'll get more than their investment back RTE will make sure of that.

UAE has not changed at all, they're smart unlike our politicians. Let us not underestimate the enemy.

 

[the]

Of course the UAE is going to invest in the Turkish defence industry because its an easy way to gain access to state of the art technologies.

They've already attempted to "re-make" the TB2. Legitimate access will only boost UAE's technological and export potential.

In my opinion, the defence industry has enough domestic investment and should be protected from foreign investment/interference.

 

[Saithan]

Spain's BBVA offers to buy 50.15% of Turkey's Garanti for up to $2.5B

The Spanish bank BBVA has decided to launch a tender offer for up to 2.25 billion euros ($2.58 billion) for the 50.15% shares it does not own in its...

www.dailysabah.com

 

[Tornadoss]

Spain's BBVA offers to buy 50.15% of Turkey's Garanti for up to $2.5B

The Spanish bank BBVA has decided to launch a tender offer for up to 2.25 billion euros ($2.58 billion) for the 50.15% shares it does not own in its...

www.dailysabah.com

Prior they bought 25% stakes for 4.2 billion Euros, and 14.89 for 1.9 billion Euros.

BBVA to acquire a 24.9% stake in Garanti, Turkey's leading bank

BBVA announced today the acquisition of a 24.9% stake in Turkiye Garanti Bankasi, Turkey’s leading bank. The transaction is valued at €4.2 billion.

www.bbva.com

BBVA acquires 14.89% of Garanti from Dogus, strengthening growth profile | BBVA

BBVA has agreed to acquire an additional 14.89% of Turkiye Garanti Bankasi from its partner Dogus Group for a maximum of 5.57 billion Turkish lira (€1.99 billion1). It thus becomes the leading shareholder in Turkey’s biggest bank by market capitalization. After the transaction BBVA’s holding in...

www.bbva.com

 

[Lool]

Maybe, but he can buy RTE with USD.

And trust me when I say that They'll get more than their investment back RTE will make sure of that.

UAE has not changed at all, they're smart unlike our politicians. Let us not underestimate the enemy.

Not really
I can say that RTE may give myriads of technology but Iam sure he wont give military tech to any1 unless he is getting similar tech (in terms of importance) back
Lets not forget that the modernisation and domestication of the military is what made Erdo able to screw other powers in East Med
If that was the case, he would have given complete TB2 tech to Ukraine, signed deals to produce koral EW systems in foreign nations or give TB2 to KSA when they were providing anti-turkey forces with funds and money
Erdo isnt crazy yet, and lets not forget Erdo's ambition. TSK increasing strength is a rare growing card that will aid him in the future
Oh and getting shares or investments doesnt entitle you to techs as far as I know. All what it does is giving you a share of the profits gained by the company. The more decent the company, the more stable the prospects of you getting decent stable shares will be. That is why many would prefer to invest in defense industries
Above all, Ismail Demir would also have to agree and I know as well that he wont

 

[Lool]

Spain's BBVA offers to buy 50.15% of Turkey's Garanti for up to $2.5B

The Spanish bank BBVA has decided to launch a tender offer for up to 2.25 billion euros ($2.58 billion) for the 50.15% shares it does not own in its...

www.dailysabah.com

I dont think it is a good thing to give foreign nations complete control of successful techs. They can invest for sure, but not take it all
I hope such a deal doesnt pass through

 

[Manomed]

The reis blew up the economy by filling in his own unqualified men all over the place, paying salaries from 5 places and scaring all investors with his rowdy policy.