TR Economy & Updates

[Zafer]

Why are you cherry picking whatever suits you? These companies saw a boom during corona years and now gradually return the pre covid times. But on the other hand there is Intel building a massive new factory in USA and so is TSMC.

It really makes no sense to do a company to company comparison to defend the state of Turkish economy.

TSMC is doing it under pressure by the US government and it is not certain that it will happen.

It is not only to flatten the employee bubble that happened in the media companies caused by the pandemic but also in preparation to a major recession of the entire economies after the war in Ukraine and power struggle between US and everyone else, China in chief.

You don't see my point that our people are better taken care of at home than being in some foreign land as their economies are bleeding and jobs are being cut. You still think that we are losing brain power. Our engineers work remotely when they need to rather than moving abroad.

 

[B_A]

I will back to Istanbul next February

nor japan neither uk can match my motherland

 

[B_A]

The labor force in Turkey is working like slaves hence you get the kind of industry thats heavy with minimal margin that can not settle in higher developed countries where the labor rights are better protected.

The high skiller labor force in Turkey doesnt want to stay in the countrys due to low payment, bad political climate and far better opportunities abroad which prevents high tech industries from settling en masse.
Its not enough to say we will do this or we will do that, its time to act and offer people a better life style so that the high skilled people dont leave the country, you first need the basis for these industries to settle in the first place. Imagine intel opened a factory in Turkey, they would struggle to find thousands of high skilled technicians.

By now,we still need much more people to go to 1st world countries to learn much more knowledge

as the whole 1st world countries are decline and promote LGBT,thet will finally come back and invest our country

 

[Xenon54]

It is not only to flatten the employee bubble that happened in the media companies caused by the pandemic but also in preparation to a major recession of the entire economies after the war in Ukraine and power struggle between US and everyone else, China in chief.

And you think this recession will not hit Turkey?

You don't see my point that our people are better taken care of at home than being in some foreign land as their economies are bleeding and jobs are being cut. You still think that we are losing brain power. Our engineers work remotely when they need to rather than moving abroad.

I really wonder who is telling you these fairy tales, there is no job shortage here at all if anything then labor shortage.

 

[Xenon54]

I will back to Istanbul next February

nor japan neither uk can match my motherland

I was there last may, enjoy the exchange rate, things will be cheap for you but almost not affordable for the locals.

 

[Zafer]

And you think this recession will not hit Turkey?


I really wonder who is telling you these fairy tales, there is no job shortage here at all if anything then labor shortage.

I have no more questions.

 

[what]

Shortage of drugs to be solved, says health minister - Türkiye News

The shortage of drugs, experienced by pharmacies as a result of drug companies’ stockpiling to benefit from the increase in prices, will be solved, Health Minister Fahrettin Koca has said.

www.hurriyetdailynews.com

In order to solve the severe shortage, first of all, it is necessary to update the euro-Turkish Lira conversation rate for drug prices, 7.86 Turkish Liras per euro, and make it suitable for economic realities, Saydan urged the authorities.

“We have had problems with many drugs for a long time, but at the moment, we are insufficient even to provide the most basic medicines,” Şeker Pınar Özcan, the head of the Istanbul Chamber of Pharmacists, stated earlier.

 

[Lool]

Positive data came this week tbh
Firstly, Turkey's gross foreign (FX) reserves have been gradually increasing while maintaining the current exchange rate for nearly a month. It reached 84 billion dollars which is the highest recorded figure within a year

Turkey Gross Foreign Exchange Reserves

Foreign Exchange Reserves in Turkey increased to 87030 USD Million in October 3 from 86700 USD Million in the previous week. This page provides the latest reported value for - Turkey Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term...

tradingeconomics.com

https://twitter.com/i/web/status/1603365452536840194

Moreover, Turkey's current account gave its lowest figure in the year amounting to only 350 million dollars; paving the way for possible account surpluses for the remaining 2 months of the year

Bloomberg - Are you a robot?

Turkish industrial growth also picked up steam this month beating the forecast of 0.4

Turkey Industrial Production

Industrial Production in Turkey increased 5 percent in July of 2025 over the same month in the previous year. This page provides the latest reported value for - Turkey Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic...

tradingeconomics.com

Hopefully, it may be the beginning of a period of economic stability and improvement

 

[what]

Current Account deficit going down probably because of the mild winter (less gas consumed) and unexpectedly well tourism, because Europeans are settling in Turkish hotels instead of paying the high gas prices at home. Regardless, good for the economy for once.

 

[Lool]

Current Account deficit going down probably because of the mild winter (less gas consumed) and unexpectedly well tourism, because Europeans are settling in Turkish hotels instead of paying the high gas prices at home. Regardless, good for the economy for once.

Not really
According to Bloomberg, what aided Turkey in acheiving a small current account deficit and possibly a surplus from next month is the huge amount of new Russian accounts in Turkey.

Apparently, many Russian oligarchs are transferring their money from the EU and US to Turkey and many Russian citizens are transferring their savings from Russia to Turkey in order to start a new life in Turkey as well as to escape mobilisation
Although, it does get branded as "tourist money" by Turkey; probably to not get sanctioned by the US

 

[Xenon54]

Shortage of drugs to be solved, says health minister - Türkiye News

The shortage of drugs, experienced by pharmacies as a result of drug companies’ stockpiling to benefit from the increase in prices, will be solved, Health Minister Fahrettin Koca has said.

www.hurriyetdailynews.com

20 years from now people will tell their children how they were waiting in line for medicine.

 

[Baryshx]

20 years from now people will tell their children how they were waiting in line for medicine.

@Zafer
Let Pollyana's missing brother answer this. He can invent an argument to reverse this thought.

 

[B_A]

when will the M11 and M9 lines of istanbul metro be finished?

 

[Agha Sher]

Tesla is expanding into Turkey, starts hiring

Tesla is expanding its electric vehicle business in Turkey, a market that has been asking for Tesla services for years now.

electrek.co

Tesla is planning to enter Turkey. Would be nice with a Giga Factory as well.

 

[Yasar_TR]

Electric cars may be the wrong route to take when you look at the underlying potential problems they have.

Main reason we want to go non-fossil fuel route is to save the planet and get a zero carbon footprint. But the electricity used in fully electric cars are predominantly produced by power stations that burn fossil fuels. So how is it going to help the planet?

When an electric car is caught in a traffic jam especially in cold wintery weather on a motorway, it becomes a deadweight as it quickly uses it’s energy reserves for heating and you can not bring fuel in a petrol canister to it like petrol powered cars, causing blocked roads for miles. A good deal of US drivers had the experience last year in winter when the owners of Teslas abandoned their cars on highways. They had to be towed away.
Although Tesla says a 75% charge will last 11 hours in idling, what if you are caught with less charge or you had to stay over 12 even 24 hours on the motorway like a lot of people found they had to last year on UK’s M62 motorway?

Hybrid cars are understandable as they help the environment and use less fuel. But the future is hydrogen cell powered cars. We will see how the future of electric car saga will unfold. With many developed countries choosing to go all electric within a couple of decades, may prove to be the wrong decision.

 

[Ryder]

Electric cars may be the wrong route to take when you look at the underlying potential problems they have.

Main reason we want to go non-fossil fuel route is to save the planet and get a zero carbon footprint. But the electricity used in fully electric cars are predominantly produced by power stations that burn fossil fuels. So how is it going to help the planet?

When an electric car is caught in a traffic jam especially in cold wintery weather on a motorway, it becomes a deadweight as it quickly uses it’s energy reserves for heating and you can not bring fuel in a petrol canister to it like petrol powered cars, causing blocked roads for miles. A good deal of US drivers had the experience last year in winter when the owners of Teslas abandoned their cars on highways. They had to be towed away.
Although Tesla says a 75% charge will last 11 hours in idling, what if you are caught with less charge or you had to stay over 12 even 24 hours on the motorway like a lot of people found they had to last year on UK’s M62 motorway?

Hybrid cars are understandable as they help the environment and use less fuel. But the future is hydrogen cell powered cars. We will see how the future of electric car saga will unfold. With many developed countries choosing to go all electric within a couple of decades, may prove to be the wrong decision.

Internal combustion engine will get more advanced.

Toyota made a ICE engine with hydrogen.

 

[Zafer]

https://electrek.co/2022/12/20/tesla-Turkiye-starts-hiring/

Tesla is planning to enter Turkiye. Would be nice with a Giga Factory as well.

It would be nice if they stay away, we are having our own.

Solutions can be found to every problem as long as they are large enough. Like make good roads, offer other methods of transportation. Unlike in the US where high speed rail is non existent countries with denser population can have high speed rail networks to complement highways.

 

[Ecderha]

https://electrek.co/2022/12/20/tesla-Turkiye-starts-hiring/

Tesla is planning to enter Turkiye. Would be nice with a Giga Factory as well.

This is not good.
Tesla is direct competitor of TOGG

 

[Agha Sher]

This is not good.
Tesla is direct competitor of TOGG

TOGG shouldn't be afraid of competition. A Tesla GIGA Factory would bring new revolutionizing production technology to Turkey which would benefit TOGG in the long-term.

 

[Tornadoss]

This is not good.
Tesla is direct competitor of TOGG

Competition is good, however I don't believe most people can afford these cars anyway.