TR Economy & Updates

[Huelague]

They've been a competitor without the factory too. Competition is good for the consumer, investments and jobs. Win-win.

Yain (Yes and no). We have to establish and protect our own brand first.

 

[Lool]

After Togg's potential has been proven and its ability to swallow the whole markets with its high-quality yet cheaper state of the art EV vehicles
Second Automotive company, after BYD, to announce its intention of investing in Turkey. Soon, Turkey will swallow the whole EV production market for the Med East, Asia, and Europe


Translation:
Italian SWM Motor, operating under Shineray Group, one of China's leading automotive manufacturers, has completed its applications for production in Turkey.

https://twitter.com/i/web/status/1813829877285507077

 

[Saithan]

After Togg's potential has been proven and its ability to swallow the whole markets with its high-quality yet cheaper state of the art EV vehicles
Second Automotive company, after BYD, to announce its intention of investing in Turkey. Soon, Turkey will swallow the whole EV production market for the Med East, Asia, and Europe


Translation:
Italian SWM Motor, operating under Shineray Group, one of China's leading automotive manufacturers, has completed its applications for production in Turkey.

https://twitter.com/i/web/status/1813829877285507077

we'll see about that.

Let me just add that unless TOGG is of the VW or even Suzuki Quality as an EV AND with a pricetag WAY below any competitor meaning 20-30% cheaper than any other, then it won't amount to much.

 

[Lool]

we'll see about that.

Let me just add that unless TOGG is of the VW or even Suzuki Quality as an EV AND with a pricetag WAY below any competitor meaning 20-30% cheaper than any other, then it won't amount to much.

Lets have faith in Togg
Most assumed that it would fail yet it took over nearly 50% of the Turkish EV market in only 1.5 years

If Togg's quality or price was bad, then it wouldnt have reached this level of sucdess in such a short span. I even saw Turks posting videos on Twitter while driving Togg vehicles within EU countries like Germany and were quite satisfied with the ride

 

[Lool]

Turkey is slowly but surely recovering

https://twitter.com/i/web/status/1816030747439829081

 

[No Name]

Turkey is slowly but surely recovering

https://twitter.com/i/web/status/1816030747439829081

What is happening with Turkey's Tourism sector it seems that most western articals purclaime that the sector is faling apart such as this one from Euronews.

turkish tourists flock to Greece as inflation drives hotel prices through the roof

But Dailysabah claims that the industry has started to recover after a rocky start, yet all the Western papers are still publishing claims that it is still failing, so which is it?

dailysabah.com Antalyas tourism benefits as market rebounds after euro 2024

 

[Saithan]

What is happening with Turkey's Tourism sector it seems that most western articals purclaime that the sector is faling apart such as this one from Euronews.

turkish tourists flock to Greece as inflation drives hotel prices through the roof

But Dailysabah claims that the industry has started to recover after a rocky start, yet all the Western papers are still publishing claims that it is still failing, so which is it?

dailysabah.com Antalyas tourism benefits as market rebounds after euro 2024

There are or have been places that has not behaved properly, so those places are suffering. If the prices has been kept at fair level instead of greed deciding for them. They'd have had a more fair life.

So if TC wants tourists to come visit the country, we need to introduce tourism police that will monitor local people and shops behavior towards tourists.

Let me tell you that even if Morocco has corrupt police, they still don't want to argue with tourists, especially if they haven't done anything wrong. So it should be in TC.

 

[YeşilVatan]

The businesses that have been "hit hard" are parasitic and destructive in nature. Most of them are run by Kurdish tribal gangs, cause criminal problems, image problems, and never pay tax. If they all close up shop tomorrow, the country would benefit greatly.

 

[B_A]

Lets have faith in Togg
Most assumed that it would fail yet it took over nearly 50% of the Turkish EV market in only 1.5 years

If Togg's quality or price was bad, then it wouldnt have reached this level of sucdess in such a short span. I even saw Turks posting videos on Twitter while driving Togg vehicles within EU countries like Germany and were quite satisfied with the ride

We need a cheaper model soon.

 

[Bogeyman]

We put the bill for 28 cubic meters of natural gas and 28 cubic meters of water in Istanbul side by side.

28 cubic meters of natural gas 176 TL
28 cubic meters of water 1043 TL

Can someone explain to me how water can be 10 times more expensive than natural gas?

 

[Yasar_TR]

View attachment 69746

We put the bill for 28 cubic meters of natural gas and 28 cubic meters of water in Istanbul side by side.

28 cubic meters of natural gas 176 TL
28 cubic meters of water 1043 TL

Can someone explain to me how water can be 10 times more expensive than natural gas?

1m3 of water weighs ~1000kg.
1m3 of natural gas weighs less than 8.3 kg.

In UK 1m3 of gas is ~ 0.55gbp
But 1m3 of water is ~1.80gbp


So I guess that gives some perspective

also pls do not exaggerate. Your example shows 5.9 times. Not 10.
within the water bill you have shared there’s is waste water cost as well.
UK water price I gave is without waste water.

 

[I_Love_F16]

View attachment 69746

We put the bill for 28 cubic meters of natural gas and 28 cubic meters of water in Istanbul side by side.

28 cubic meters of natural gas 176 TL
28 cubic meters of water 1043 TL

Can someone explain to me how water can be 10 times more expensive than natural gas?

How good is the water distribution system in Istanbul ? Maybe it is very old and needs a lot of repairs and reworks, which means substantial increase in cost I guess ? I don’t know, I’m not sure.

 

[Rooxbar]

Greed is not a thing; all humans on average have the same amount of greed. Attributing inflation to greed is just a sign of economic illiteracy. 5 years ago these same people had a different nature and suddenly they became greedy?

 

[Bogeyman]

1m3 of water weighs ~1000kg.
1m3 of natural gas weighs less than 8.3 kg.

In UK 1m3 of gas is ~ 0.55gbp
But 1m3 of water is ~1.80gbp


So I guess that gives some perspective

also pls do not exaggerate. Your example shows 5.9 times. Not 10.
within the water bill you have shared there’s is waste water cost as well.
UK water price I gave is without waste water.

The cost of extracting, processing and storing natural gas is not the same as the cost of extracting and processing water. You also import natural gas in dollars. Likewise, most of the processing and extraction costs of natural gas (Black Sea gas) are probably calculated in dollars.

Therefore, I think it is impossible to compare quantitative value with qualitative value.

 

[Bogeyman]

https://twitter.com/i/web/status/1819105748879921478

This issue actually concerns us directly.

 

[Yasar_TR]

The cost of extracting, processing and storing natural gas is not the same as the cost of extracting and processing water. You also import natural gas in dollars. Likewise, most of the processing and extraction costs of natural gas (Black Sea gas) are probably calculated in dollars.

Therefore, I think it is impossible to compare quantitative value with qualitative value.

What has this got to do with what you were asking? I gave you physical prices of UK‘s water and gas per m3. That has enough evidence to answer your query.

Waste water constitutes approximately 35% of the bill you have shared. If you take that out of the bill ; you end up with a similar ratio of pricing levels of UK‘s.

700tl for fresh water alone; against 176 tl for gas. That is 4 times the cost. Not 10.
And in UK, it is 3.3 times the cost of gas.

Water is not cheap either. You need to have a clean supply and very good purifying system. Distribution and upkeep of piping is not cheap. Also due to widespread burst water mains, there is huge quantities of fresh water that is lost and the price of this loss is added to m3 price we use. This is the case in UK too. According to official records in UK, 23% of fresh water is lost every year due to leaks. I wonder what that is in Turkey!

So in short: you asked how 28m3 of water be more expensive than 28m3 of gas.
Well according to physical evidence, it can be.

 

[No Name]

This Financial Times Article is extremely conserving, especially the quote from Mustafa Gültepe (the head of the Turkish Exporters Assembly): “Turkey is at least 40 per cent more expensive than its competitors in terms of dollar-based pricing. As a result, Turkey is losing its competitiveness”. One of Turkey's biggest problems is that companies are constantly trying to remain a low-tech manufacturing hub rather than advance into high-tech manufacturing; in fact, about 56 per cent of Turkey's manufacturing consists of low-tech exports.

Businesses might push to lower interest rates again soon.

 

[No Name]

This is insane. If this article is true, then the EU has too much power over Turkey, and it is no different than the capitulations of the Ottoman Empire.

The republican experiment in Turkey has been a Failure. Ataturk should have just made Osman Fuad sultan if he didn't want the role rather than create the republic. At least the Ottoman Empire went down to swing against great powers that had ten times the empire's population. The republic had nothing but relative peace, and it still Capitulated in exchange for nothing.

 

[Rooxbar]

This is insane. If this article is true, then the EU has too much power over Turkey, and it is no different than the capitulations of the Ottoman Empire.

The republican experiment in Turkey has been a Failure. Ataturk should have just made Osman Fuad sultan if he didn't want the role rather than create the republic. At least the Ottoman Empire went down to swing against great powers that had ten times the empire's population. The republic had nothing but relative peace, and it still Capitulated in exchange for nothing.

What are you saying dude? Have you heard of the basic law of transitivity? if a=b and b=c then a=c. If relation R = "having free trade", then "EU R Turkey" & "Turkey R someone else" --> "EU R Someone else". I think EU gets to decide which regions and countries they want to have free trade with.

P.S. and EU has shown they don't want to have R with that someone else already, so this has nothing to do with us, or influencing us, or pressuring us:

EU trade relations with Gulf region

Facts, figures and latest developments.

policy.trade.ec.europa.eu

 

[what]

This is insane. If this article is true, then the EU has too much power over Turkey, and it is no different than the capitulations of the Ottoman Empire.

The republican experiment in Turkey has been a Failure. Ataturk should have just made Osman Fuad sultan if he didn't want the role rather than create the republic. At least the Ottoman Empire went down to swing against great powers that had ten times the empire's population. The republic had nothing but relative peace, and it still Capitulated in exchange for nothing.

Think about it, you have a free trade agreement with the EU and you as the other party can have whatever FTA you want with other countries.
That would give Turkey the unlimited power to attract as many non-EU companies and investments to circumvent the EU tariffs.