TR Economy & Updates

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Türkiye's annual inflation rate climbed to nearly 65% in January official data showed Monday, fueled by a rise in minimum monthly wages and surging prices in hotels, cafes and restaurants, maintaining pressure for a tight monetary policy.
 

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Indonesia invites investment in tuna cultivation from Turkey​

February 5, 2024 20:00 GMT+700
Indonesia invites investment in tuna cultivation from Turkey


Jakarta (ANTARA) - Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono informed on Monday that his ministry has invited Turkey to invest in Indonesia's tuna cultivation sector.

"I went to Izmir, Turkey, to see tuna farming and cultivation. Indonesia's tuna catch has reached 334 thousand tons per year, but they cannot be cultivated yet, so we have invited Turkey to invest in Indonesia,"
he said here.

 

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According to data from TurkStat released on Monday, Türkiye's population increased by 92,824 compared to the previous year, reaching 85.37 million in 2023.
 

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According to data from TurkStat released on Monday, Türkiye's population increased by 92,824 compared to the previous year, reaching 85.37 million in 2023.

85 million people.

That means 85 million consumers, eating and drinking everyday.

No wonder our economy is overheated.
 

TheInsider

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After the local elections, AKP might launch another peace process to push this "new" constitution. The new constitution shenanigans are mostly pushed to give Erdogan another 2-3 terms as president.
 
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https://idsb.tmgrup.com.tr/ly/uploads/images/2024/02/13/314792.jpg



Türkiye saw foreign direct investments (FDI) exceed $10 billion (TL 307.23 billion) throughout 2023, a senior official said Tuesday, stressing indicators that signal the inflow would gain greater momentum this year.
The FDI volume in Türkiye reached $10.6 billion last year, said Burak Dağlıoğlu, the head of the Presidency's Investment Office, charged with encouraging businesses to invest in Türkiye, citing the data published by the country's central bank.
 

B_A

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Without the rule of law, separation of powers, fundamental rights/freedoms, and democracy nothing good will happen in this economy.
You can bring the most qualified economists in the world from MIT and Harvard they still wouldn't be able to fix the Turkish economy.

I'm hoping the new constitution will bring about some change, although lots of people are skeptical, and doubt anything good happening, I disagree.

Erdogan will not run in 2028, so AKP's trump card will be gone, there is no clear candidate for the throne, on the other hand, the opposition has good candidates like Imamoglu and Yavas, with a real possibility of winning in 2028.

The current constitution gives too much power to the executive, is undemocratic, and courts are not impartial. There is no rule of law.
The reason why AKP is currently pushing for a new constitution is to protect themselves after Erdogan is gone, they are worried the likes of Imamoglu will become authoritarian and use the current constitution against them.

Although Erdogan has managed to maintain 50% votes in presidential elections, AKP keeps losing votes in parliamentary elections, this new constitution is preparing for when the castle walls are breached. Let's hope good things come out of this new constitution.
Even had so-call rule of law, separation of powers, fundamental rights/freedoms, and democracy

nothing good happened in EU and Japan and US these years....
 

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TC isbank no longer accepting scandinavian currency and russian rub
 

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Scott Summers

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How could food prices raise so high when we have so much local produced food and when the government subsidizes so much farmers with free interest loans ?
 

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How could food prices raise so high when we have so much local produced food and when the government subsidizes so much farmers with free interest loans ?
- Fuel price increase => cost increase in farming, cost increase in transportation
- Electric price increase => cost increase in farming, cost increase in markets
- Min wage increase => cost increase in farming, cost increase in markets
- Finally cost increase on products.
Then it's spiral with inflation.
 

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How could food prices raise so high when we have so much local produced food and when the government subsidizes so much farmers with free interest loans ?
We are feeding 15 million more people on top of our population. ~10 million Syrians and 5 million Africans, Afghans, Iranians, Arabs other than Syrians...etc.
 

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Most important job of our government is the update the customer union with EU. If this will not happen this year, we have to send Mio‘s of refugee to EU.
 

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Turkish citizens should'nt invest in the US dollar if they have a long term vision. Exciting times are coming.
I get your long term view. Short term things look very different

Today's spot rate is 1 USD = 31 lira
1 year forward rate is 1 USD = 44 lira

Figures are rounded.

When is this strengthening of the lira starting? When are the exciting times coming?
 

Scott Summers

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I get your long term view. Short term things look very different

Today's spot rate is 1 USD = 31 lira
1 year forward rate is 1 USD = 44 lira

Figures are rounded.

When is this strengthening of the lira starting? When are the exciting times coming?

Turkey is de-dollarising the economy. Out of many economic stupidities, the de-dollarisation attempts were the only good things.

Recession in Germany, recession in the UK, lower production and declining purchases of state bonds in the US (means more printwork for the FED).

A debt of 34 trillion, and it dont stop. Paying every year not the debt itself, but only the interest of this debt.

Turkish industrial production and domestic consumption is rising, despite the inflation.

And we dont have failed states on our salarylist for who we pay billions of dollars per year (Israel, Ukraine, Greece etc).
 

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