TR Economy & Updates

[Lool]

This is normally Turkiye's end, but we are delaying it by protecting the oil and gas-rich Arabs.

Protecting the oil and gas rich arabs?

And no, Turkey still has a lot of cards to play that Argentina doesnt have
First of all, Turkey's national manufacturing base is at a higher level than Argentina. Moreover, its geographical position is more favourable than Argentina due to its cheapness, qualified workforce, proper infrastructure, geographical closeness to the largest single market in the world. Furthermore, Turkey has over 500 tonnes of gold (~200-300 billion dollars) and around 250 billion dollars worth of foreign assets owned by the govt. Not only is Turkey's interest rate is sooo low at 8% (which gives a lot of leeway when raising it up) but also its total debt isnt even half of the GDP which is a healthy indicator

To sum it up, Argentina and Turkey's situations are just way too different

 

[Baryshx]

Protecting the oil and gas rich arabs?

And no, Turkey still has a lot of cards to play that Argentina doesnt have
First of all, Turkey's national manufacturing base is at a higher level than Argentina. Moreover, its geographical position is more favourable than Argentina due to its cheapness, qualified workforce, proper infrastructure, geographical closeness to the largest single market in the world. Furthermore, Turkey has over 500 tonnes of gold (~200-300 billion dollars) and around 250 billion dollars worth of foreign assets owned by the govt. Not only is Turkey's interest rate is sooo low at 8% (which gives a lot of leeway when raising it up) but also its total debt isnt even half of the GDP which is a healthy indicator

To sum it up, Argentina and Turkey's situations are just way too different

I guess the sound of the drum sounds good from afar.

Türkiye has neither foreign currency nor gold. It has plenty of foreign debt.

Argentina ranks third in world lithium reserves. It is tens and hundreds of times more expensive than oil.

 

[Ecderha]

Before Erdogan: $291 billion in debt in the vault because of the bankrupt banks.

"When Erdogan took over the state, there was $291 billion in debt in the vault because of the bankrupt banks."
"In present people keep saying:
Erdoğan stole it,
Erdoğan hosed it.
Actually Erdoğan paid your debts.
Now present same people say that we will be held accountable without shame."
Tansu Çiller

https://twitter.com/i/web/status/1650191786684325888

Who is Tansu Çiller- She was Turkiye first and only female prime minister from 1993 to 1996.

Tansu Çiller - Wikipedia

en.wikipedia.org

 

[Lool]

I guess the sound of the drum sounds good from afar.

Türkiye has neither foreign currency nor gold. It has plenty of foreign debt.

Argentina ranks third in world lithium reserves. It is tens and hundreds of times more expensive than oil.

It seems that you have been reading too much anti-govt propaganda that you came to believe it; as they say: "a lie is believed when it is said a million times" but whatever, I guess people tend to believe whatever suits their fantasies after all

Firstly, the turkish state has around 550 tonnes of gold making it one of the top 20 in terms of gold held by the states worldwide
Secondly, as I said, Turkish foreign assets are around 300 billion dollars
Finally, Turkish debt to GDP stood at a low 31% in december 2022

Turkey Gold Reserves

Gold Reserves in Turkey increased to 634.76 Tonnes in the second quarter of 2025 from 623.92 Tonnes in the first quarter of 2025. This page provides - Turkey Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Foreign assets stand at $303 billion - Latest News

Türkiye’s foreign assets declined by 2.3 percent from the end of 2022 to stand at $303 billion as of February, the Central Bank has said.

www.hurriyetdailynews.com

Turkey Government Debt: % of GDP, 2001 – 2025 | CEIC Data

Turkey Government debt accounted for 25.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 26.1 % in the previous quarter.

www.ceicdata.com

 

[dBSPL]

The foundation of Europe's largest Lithium Ion battery factory for electric vehicles is being laid today in Gemlik in partnership with Farasis. By 2031, Siro, which production capacity will reach over 20 GWh per year, will own the intellectual property of all products and solutions it develops. This also serves as an exemplary model in the opportunities for Turkish-Chinese industrial co-operation. Siro will provide stationary energy storage services for industrial applications, marine vessels, renewable energy to the European region as well as Turkiye.

On a broader scale, with other big facilities like ASPİLSAN Enerji Lithium Ion Battery Production Facility, there are aims to become the biggest production centre of the region within 10 years in the very large product range area of new generation batteries, from drones to vehicles.

 

[Lool]

The foundation of Europe's largest Lithium Ion battery factory for electric vehicles is being laid today in Gemlik in partnership with Farasis. By 2031, Siro, which production capacity will reach over 20 GWh per year, will own the intellectual property of all products and solutions it develops. This also serves as an exemplary model in the opportunities for Turkish-Chinese industrial co-operation. Siro will provide stationary energy storage services for industrial applications, marine vessels, renewable energy to the European region as well as Turkiye.

On a broader scale, with other big facilities like ASPİLSAN Enerji Lithium Ion Battery Production Facility, there are aims to become the biggest production centre of the region within 10 years in the very large product range area of new generation batteries, from drones to vehicles.

A good investment

 

[Heartbang]

The foundation of Europe's largest Lithium Ion battery factory for electric vehicles is being laid today in Gemlik in partnership with Farasis. By 2031, Siro, which production capacity will reach over 20 GWh per year, will own the intellectual property of all products and solutions it develops. This also serves as an exemplary model in the opportunities for Turkish-Chinese industrial co-operation. Siro will provide stationary energy storage services for industrial applications, marine vessels, renewable energy to the European region as well as Turkiye.

On a broader scale, with other big facilities like ASPİLSAN Enerji Lithium Ion Battery Production Facility, there are aims to become the biggest production centre of the region within 10 years in the very large product range area of new generation batteries, from drones to vehicles.

Good news. Although a similar breakthrough is sorely needed in the field of semiconductors.

 

[dBSPL]

Good news. Although a similar breakthrough is sorely needed in the field of semiconductors.

I think that the very bad state of relations with the US has prevented us from using the window of opportunity that has been valid for the last few years.

 

[Heartbang]

I think that the very bad state of relations with the US has prevented us from using the window of opportunity that has been valid for the last few years.

US and its western suppliers arent the only player in semiconductors. We can sway places like Korea and Japan to move their less cutting-edge fabs to Turkish soil. That would be a good point to start buliding expertise and develop the link between Turkish academia and the semiconductor industry in general, which will inevitably lead to domestic breakthroughs.

And if all else fails, there's still China. They might not be in the cutting edge, but they're pretty damn close.

 

[Baryshx]

Before Erdogan: $291 billion in debt in the vault because of the bankrupt banks.

"When Erdogan took over the state, there was $291 billion in debt in the vault because of the bankrupt banks."
"In present people keep saying:
Erdoğan stole it,
Erdoğan hosed it.
Actually Erdoğan paid your debts.
Now present same people say that we will be held accountable without shame."
Tansu Çiller

https://twitter.com/i/web/status/1650191786684325888

Who is Tansu Çiller- She was Turkiye first and only female prime minister from 1993 to 1996.

Tansu Çiller - Wikipedia

en.wikipedia.org

The reason for the 2001 crisis was to bring AKP to power. Even the child on the street knows this. Anyway, afterwards, the US pumped dollars into Türkiye and relieved Akp.

By the way, the Çiller family are AKP business people, his whole family. It's normal for him to talk like this and defend AKP.

 

[Lool]

The reason for the 2001 crisis was to bring AKP to power. Even the child on the street knows this. Anyway, afterwards, the US pumped dollars into Türkiye and relieved Akp.

Iam asking this for fun but what IF the current economic crisis is exacerbated by the West in order to kick Erdogan out and place a more loyal dog in his place since Erdogan has been way out ofnline in recent years?

I mean if they created the 2001 economic crisis to remkve a pain in the ass who was hunting kurds at the time, what prevents them from repeating the same scenario to kick out a pain in the ass who is hunting the kurds today? And at the end, the average joe is the loser

 

[Baryshx]

Iam asking this for fun but what IF the current economic crisis is exacerbated by the West in order to kick Erdogan out and place a more loyal dog in his place since Erdogan has been way out ofnline in recent years?

I mean if they created the 2001 economic crisis to remkve a pain in the ass who was hunting kurds at the time, what prevents them from repeating the same scenario to kick out a pain in the ass who is hunting the kurds today? And at the end, the average joe is the loser

Akp came with the economic crisis thanks to the US. He will be sent away again thanks to the US. Türkiye is such a helpless country. A country whose economy, democracy and politics are not fully established. It's easy to toss such countries around.

Akp has done nothing to change this. He lived in the tulip age of economic abundance. It only dealt with the army and religion. He made his supporters rich.

We need a proper leader and a political party to get rid of this helplessness and being the plaything of other countries.

 

[dBSPL]

US and its western suppliers arent the only player in semiconductors. We can sway places like Korea and Japan to move their less cutting-edge fabs to Turkish soil. That would be a good point to start buliding expertise and develop the link between Turkish academia and the semiconductor industry in general, which will inevitably lead to domestic breakthroughs.

And if all else fails, there's still China. They might not be in the cutting edge, but they're pretty damn close.

IMHO, the problem is not only about profitability, but also about building the plant and establishing the related machinery and production parks. Especially when you get into areas like photolithography, there are very few organizations that design and manufacture these machines, and 1-2 of them are far ahead of other examples in the world, and all the chip factories in the world use these systems. There's no doubt that Korea is making huge strides in this area, but the semiconductor equipment industry is still very much a non-competitive area because of it's a strategic area with political significance: it's very difficult to move forward without gaining significant political backing on a global scale.

Even just money and state support may not be enough. As in the case of Russia. What I mean here is not the militarily of course, but the consumer market. Examples like Taiwan, Japan and Korea are already countries that the US is supporting to break Chinese pressure on this industry, and more will follow as China increases its pressure on Taiwan. Because as you know, China's policies on the market after Covid created a cold shower effect on the US side.

 

[Baryshx]

IMHO, the problem is not only about profitability, but also about building the plant and establishing the related machinery and production parks. Especially when you get into areas like photolithography, there are very few organizations that design and manufacture these machines, and 1-2 of them are far ahead of other examples in the world, and all the chip factories in the world use these systems. There's no doubt that Korea is making huge strides in this area, but the semiconductor equipment industry is still very much a non-competitive area because of it's a strategic area with political significance: it's very difficult to move forward without gaining significant political backing on a global scale.

Even just money and state support may not be enough. As in the case of Russia. What I mean here is not the militarily of course, but the consumer market. Examples like Taiwan, Japan and Korea are already countries that the US is supporting to break Chinese pressure on this industry, and more will follow as China increases its pressure on Taiwan. Because as you know, China's policies on the market after Covid created a cold shower effect on the US side.

If I were Taiwan, Japan or Korea, I would not invest in Türkiye. Türkiye must first learn and digest democracy and the rule of law. These countries are also withdrawing their existing investments in our country, it has not escaped the eyes of those who follow them.

Our hope is Malaysia. It is also a country at a certain level

 

[uçuyorum]

There will always be external players trying to undermine you. A properly governed country should have a robust economy that can withstand such conditions regardless.

 

[dBSPL]

If I were Taiwan, Japan or Korea, I would not invest in Türkiye. Türkiye must first learn and digest democracy and the rule of law. These countries are also withdrawing their existing investments in our country, it has not escaped the eyes of those who follow them.

Our hope is Malaysia. It is also a country at a certain level

These companies also, use production technology from companies like ASML... In other words, both their market structures and company capital structures, as well as the technological infrastructure that makes this production possible at these volumes, are basically articulated with the Atlantic region. This is why the US can easily move the industry, or at least it thinks so. You either have to have a strategic partnership with the US or with China, which is trying to catch up. It will be a parameter that will change according to who and where you will sell the microchip to be produced. In everycase, the threshold to enter and holding this industry is very high for TR. So it seems wiser to move forward in design and, as you say, to develop strategies through Malaysia. Edit: All microchips for military and aerospace systems should be built-in-house. Above is my humble opinion regarding civilian areas such as consumer electronics, automotive etc.

 

[I_Love_F16]

Iam asking this for fun but what IF the current economic crisis is exacerbated by the West in order to kick Erdogan out and place a more loyal dog in his place since Erdogan has been way out ofnline in recent years?

I mean if they created the 2001 economic crisis to remkve a pain in the ass who was hunting kurds at the time, what prevents them from repeating the same scenario to kick out a pain in the ass who is hunting the kurds today? And at the end, the average joe is the loser

What about when Erdogan put his son in law as a Minister of Finances (Someone definitely not suitable for this position) and when he meddled multiple times in the Central Bank affairs, and god knows what other f***ed up things he did ? Was this also a strategy from the ‘’West’’ ?

 

[B_A]

US and its western suppliers arent the only player in semiconductors. We can sway places like Korea and Japan to move their less cutting-edge fabs to Turkish soil. That would be a good point to start buliding expertise and develop the link between Turkish academia and the semiconductor industry in general, which will inevitably lead to domestic breakthroughs.

And if all else fails, there's still China. They might not be in the cutting edge, but they're pretty damn close.

Taiwan Korean Japan are all American's vessals.

American is forcing them to attack China now,they invested in Communist China before.

 

[Ecderha]

What about when Erdogan put his son in law as a Minister of Finances (Someone definitely not suitable for this position) and when he meddled multiple times in the Central Bank affairs, and god knows what other f***ed up things he did ? Was this also a strategy from the ‘’West’’ ?

Was this also a strategy from the ‘’West’’ ? Yes it is
Example: George Bush family Father and Son.
Father helped the son to be part of many government projects related to Petrol. Actually son able to buy many lands as usa property, showed some statistics that those land will proved crude oil etc.... But it did not happend.
Father help him so much in government related businesses all of them went with bankrupts which were funded by usa government by support of the father Bush.

What h append next joiner decide to use the same father people to start next adventure -> politics and became president using the same Mechanic and people of his Father.

This Bush family made the most bad things for usa and the most brutal and bad things on foreigner countries.

 

[I_Love_F16]

Was this also a strategy from the ‘’West’’ ? Yes it is
Example: George Bush family Father and Son.
Father helped the son to be part of many government projects related to Petrol. Actually son able to buy many lands as usa property, showed some statistics that those land will proved crude oil etc.... But it did not happend.
Father help him so much in government related businesses all of them went with bankrupts which were funded by usa government by support of the father Bush.

What h append next joiner decide to use the same father people to start next adventure -> politics and became president using the same Mechanic and people of his Father.

This Bush family made the most bad things for usa and the most brutal and bad things on foreigner countries.

This is nepotism. Anyone doing that regardless of their position should be put on trial and jailed. People who tolerate such practice should be ashamed of themselves.