TR Economy & Updates

[Tornadoss]

A vital energy production facility in thrace which is exposed to invasion from enemy is stupid to say the least. And before anyone tries to ridicule, in a hypotetic invasion from european powers like in the past, the region around the straits will become prime target. Remember where brits attacked im WWI. Thats also the reason why Ankara became capital after centuries of Istanbul being it.
Look at Ukraine and how Russia is choking them by targeting the nuclear plants.

These plant need to be build closer to core of anatolia from a srategic point of view. Not to mention earthquake hazard which is prevalent in thrace but not central anatolia.
I sometimes wonder what these people think when deciding such stuff...

I guess it's more feasible to built a NPP near sea to have an access to cooling water.

 

[Ecderha]

The housing crisis is rapidly evolving into a global crisis

The housing crisis is rapidly evolving into a global crisis
The Greed crisis is rapidly evolving into a global Greed crisis

Today/ present we are Driven mainly from following :
Envy -> lead to Anger -> lead to Greed -> lead to Suffering
Combine above 4 to simple 1 word -> Crisis or Inflation (same thing).

 

[Heartbang]

A vital energy production facility in thrace which is exposed to invasion from enemy is stupid to say the least. And before anyone tries to ridicule, in a hypotetic invasion from european powers like in the past, the region around the straits will become prime target. Remember where brits attacked im WWI. Thats also the reason why Ankara became capital after centuries of Istanbul being it.
Look at Ukraine and how Russia is choking them by targeting the nuclear plants.

These plant need to be build closer to core of anatolia from a srategic point of view. Not to mention earthquake hazard which is prevalent in thrace but not central anatolia.
I sometimes wonder what these people think when deciding such stuff...

It is also a solid strategy to put NPP's towards your neighbors so in case things go tits up, the fallout will mostly affect your neighbors.
If you have any doubts, check out where Metsamor NPP stands.

 

[Xenon54]

It is also a solid strategy to put NPP's towards your neighbors so in case things go tits up, the fallout will mostly affect your neighbors.
If you have any doubts, check out where Metsamor NPP stands.

Nobody is gonna blow up a power plant but capture it and starve you from energy, espacially a NPP with very little reliance on foreign supply for a long time after initial fueling is a lost opportunity to secure wartime energy supply.

 

[CAN_TR]

The locations of the planned NPP's were most likely chosen because of this map.

Spoiler

PS: No neighbouring country has the capability to invade Türkiye.

 

[B_A]

Turkish textile industry facing multiple challenges - Latest News

Türkiye’s large textile industry is struggling with multiple challenges, including weak demand from its main export markets, lower capacity usage and the loss of competitiveness, with sector representatives calling for action from the government.

www.hurriyetdailynews.com

Türkiye’s large textile industry is struggling with multiple challenges, including weak demand from its main export markets, lower capacity usage and the loss of competitiveness, with sector representatives calling for action from the government.

 

[dBSPL]

Turkish textile industry facing multiple challenges - Latest News

Türkiye’s large textile industry is struggling with multiple challenges, including weak demand from its main export markets, lower capacity usage and the loss of competitiveness, with sector representatives calling for action from the government.

www.hurriyetdailynews.com

Türkiye’s large textile industry is struggling with multiple challenges, including weak demand from its main export markets, lower capacity usage and the loss of competitiveness, with sector representatives calling for action from the government.

Textile manufacturers want the TRY to devalue one more time. I apologize, but textile manufacturers are not the only industrialists in the country. They should stop wanting to blame their own incompetence on the country. Use state loans for more Mercedes, more plaza floors, more mistresses... But complain about labor costs...

By the way, I am not putting all textile manufacturers in the same category. There are great examples also. There are exporters in my family in the textile business, so more or less I aware some their problems. The problem is that companies that cannot develop the right strategies when profit margins are at abnormal levels have started to cry when profit margins fall to normal levels.

 

[Afif]

I just don't think Türkiye can keep up textile manufacturing profitable in the foreseeable future. It has gotten too rich. Now it is much harder to keep the price competitive. Specially compared to the countries like Vietnam and Bangladesh.

 

[Bozan]

https://twitter.com/i/web/status/1703059079394984200

 

[Saithan]

Central Bank announces more steps to boost lira deposits​

ANKARA​

Türkiye’s Central Bank has announced new measures to bolster the Turkish Liras deposits in the financial system.



The bank last month started to roll back the FX-protected deposit accounts scheme, ending an implementation that previously stipulated a target for conversion from foreign currency deposits to FX-protected deposits.

On Sept. 18, the bank announced additional measures designed to increase the share of Turkish Lira deposits.

According to the instruction sent to local lenders, the targeted monthly rise in the share of lira deposits in total deposits has been raised from 2 percent to 2.5 percent.

The latest data from the Banking Regulation and Supervision Agency (BDDK) show that FX-protected deposit accounts continued to decline.

The volume of FX-deposits accounts fell from 3.35 trillion liras in the week ending Sept. 1 to 3.33 trillion liras as of Sept. 8, while total deposits with local banks grew from 12.9 trillion liras to more than 13 trillion liras.

In a statement in August, the Central Bank said that the FX-protected deposit accounts-related steps were part of the simplification process.

“The regulations are intended to increase Turkish lira deposits while decreasing FX-protected deposits by ensuring the transition from FX-protected accounts to Turkish lira deposits,” the bank said at that time.

The Central Bank on Sept. 18 also increased the invoice exemption limit for export and SME (small- and medium-sized company) loans from a previous 50,000 liras to 250,000 lira ($9,300) lira in order to ease the credit flow.

Central Bank announces more steps to boost lira deposits - Latest News

Türkiye’s Central Bank has announced new measures to bolster the Turkish Liras deposits in the financial system.

www.hurriyetdailynews.com

Finally rolling back even more wrong policies.

 

[B_A]

Türkiye-China forum to focus on Belt and Road Initiative

The 4th Türkiye-China Communications Forum will be held in Istanbul to discuss the first decade of the Belt and Road Initiative on Wednesday. Organized...

www.dailysabah.com

Alibaba tells Erdogan it plans to invest $2 billion in Turkey

Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey.

www.reuters.com

Always force me to use the article of Sabah

 

[B_A]

Whatever our feeling or Think differently

The Islam-mainly world and Russia should be our economic focus.

The Arabic countries are very rich in capital and manpower and energy.

Our industrial products must find our share in Arabic countries.

Russian is declining in population but they can provide us energy and space/nuclear technology.

Turkic world still too little and weak.

The western and East Asia market are almost full.

I know many Turks hate the idea of" Islam world" or "middle East" but we have to develop our business in this area for our future.

 

[Saithan]

Interest rates for deposit accounts expected to rise after new regulation​

ANKARA​

Local lenders are likely increase the interest rates they offer for deposit accounts after the Central Bank’s move this week to boost the Turkish Lira deposits, according to sources.


Interest rates on deposits may climb toward 50 percent, they said.

The Central Bank this week sent instructions to local lenders according to which it raised from 2 percent to 2.5 percent the targeted monthly rise in the share of lira deposits in total deposits as part of efforts to make lira more attractive.

“Banks will have no other option but hike interest rates on deposits. If the rates climb towards 50 percent, holding foreign currencies will lose their appeal to investors,” the sources said, adding that interest rates at around 50 percent level will also help people shield themselves against inflation.

The annual inflation rate moved up to 58.9 percent in August from 47.8 percent in July.

The interest rates for 3-month term deposits have been rising gradually since early August when they stood at around 28 percent.

According to data from the Central Bank, the interest rates for 3-month deposits rose from 37.59 percent on Sept.1 to 40.87 percent as of Sept. 8.

The Central Bank in August started to roll back the FX-protected deposit account scheme, also known as KKM.

After the bank’s move on KKM, interest rates for deposit accounts had been expected to climb towards 40 to 45 percent. However, this did not really happen as lenders started to offer different rates, depending on the size of the accounts, to deposit holders, who wanted to move their money from KKM to regular deposit accounts.

“After the Central Bank’s instruction this week, people, irrespective of the size of their deposits with lenders, will be able to receive 45 to 50 percent interest rates for their deposits. They will probably not have to negotiate the interest rates with their banks,” the sources said.

Interest rates for deposit accounts expected to rise after new regulation - Latest News

Local lenders are likely increase the interest rates they offer for deposit accounts after the Central Bank’s move this week to boost the Turkish Lira deposits, according to sources.

www.hurriyetdailynews.com

I guess the aim is to slowly move towards the inflation and then start battling it ?

The government probably can't pull the bandbreak in fear of crippling peoples life from one day to another. so CB needs to go at it slowly, but steadily.

 

[Bozan]

Interest rates for deposit accounts expected to rise after new regulation​

ANKARA​

Local lenders are likely increase the interest rates they offer for deposit accounts after the Central Bank’s move this week to boost the Turkish Lira deposits, according to sources.


Interest rates on deposits may climb toward 50 percent, they said.

The Central Bank this week sent instructions to local lenders according to which it raised from 2 percent to 2.5 percent the targeted monthly rise in the share of lira deposits in total deposits as part of efforts to make lira more attractive.

“Banks will have no other option but hike interest rates on deposits. If the rates climb towards 50 percent, holding foreign currencies will lose their appeal to investors,” the sources said, adding that interest rates at around 50 percent level will also help people shield themselves against inflation.

The annual inflation rate moved up to 58.9 percent in August from 47.8 percent in July.

The interest rates for 3-month term deposits have been rising gradually since early August when they stood at around 28 percent.

According to data from the Central Bank, the interest rates for 3-month deposits rose from 37.59 percent on Sept.1 to 40.87 percent as of Sept. 8.

The Central Bank in August started to roll back the FX-protected deposit account scheme, also known as KKM.

After the bank’s move on KKM, interest rates for deposit accounts had been expected to climb towards 40 to 45 percent. However, this did not really happen as lenders started to offer different rates, depending on the size of the accounts, to deposit holders, who wanted to move their money from KKM to regular deposit accounts.

“After the Central Bank’s instruction this week, people, irrespective of the size of their deposits with lenders, will be able to receive 45 to 50 percent interest rates for their deposits. They will probably not have to negotiate the interest rates with their banks,” the sources said.

Interest rates for deposit accounts expected to rise after new regulation - Latest News

Local lenders are likely increase the interest rates they offer for deposit accounts after the Central Bank’s move this week to boost the Turkish Lira deposits, according to sources.

www.hurriyetdailynews.com

I guess the aim is to slowly move towards the inflation and then start battling it ?

The government probably can't pull the bandbreak in fear of crippling peoples life from one day to another. so CB needs to go at it slowly, but steadily.

Rich people will make so much money

 

[Saithan]

Rich people will make so much money

Rich people has always been able to manage. Even during different governments, it's the hard working worker class that gets raped when governments decide to follow fatah morgana or their religious belief.

 

[Bozan]

https://twitter.com/i/web/status/1704489244691997149

Wow

 

[uçuyorum]

https://twitter.com/i/web/status/1704489244691997149

Wow

I thought we found gas for real this time Need to invest in wind and solar, and without foreign financing, as fast as we can.

 

[Rooxbar]

Rich people love inflation much more than high interest rates, reason being they can take out loans much easier and turning big loans into profit in inflationary environment is quite simple.

 

[Rodeo]

https://twitter.com/i/web/status/1704814588535943381

 

[Bozan]

https://twitter.com/i/web/status/1704814588535943381

Ensuring our place as number 1 bread consumers in the world, congratulations dünya lideri Erdogan

https://twitter.com/i/web/status/1704478223688413343