TR Economy & Updates

chngr

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Immigration to istanbul needs to be stopped.

Istanbul takes way too much investment. Its ridiculous. What do you expect especially what Erdogan said the one who controls Istanbul controls the country.

AKP supporters from the Anatolian heartland need to wake up.
No, on the contrary, Istanbul receives very very little public investment...Anyone who has traveled to Anatolia must know this by now

İstanbul needs more infrastructure investment especially for highways and Bosphorus crossing
 

Turkic

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Bosphorus is not suitable for heavy cargo shipment. Many crashes happened till today and there happens a lot of near-crashes every year. There are buildings everywhere in the shore of Bosphorus and people live there. Even if luckily no casualties happens, there are historical buildings including Dolmabahce Palace. These buildings are too worthy and most of them are unreplaceable. You can't just wait and watch while a big crash may happen anytime.

There are few more reasons that makes the Bosphorus not fit for shipping. Mostly because of the underwater structure of Bosphorus, streams and it's curvy nature. These causes a huge lost of money annually.

I'm not a master in treaties either but if I'm not wrong, we can not control civil shipping in bosphorus. We only can stop military ships and only in under some conditions. Idk much but what I know is treaties about Bosphorus has a lot of writing in it. No doubt these are pissing our government. Canal will let us stop shipping in Bosphorus because we will tell the world it is risky to do shipping there. And we will force them to go from a route which we have full control on.

About investment to Istanbul or Anatolia, I'm living in Samsun since I was 1 and I've seen most of the cities in Turkiye. I won't be able to join your thoughts. We have a whole area in Samsun that only factories and such industrial buildings are there. You all know Canik, which is a sub-company of SYS (Samsun Yurt Savunma), has factories in Samsun and has a great piece in exports of Samsun. Chery is also getting ready to establish a factory in Samsun (in new industrial complex).
I've spent a quite time in Bursa, which is home to a lot of factories including a lot of car manufacturers.
Similar amounts of factories in a lot of cities such as Konya, Gaziantep, Yalova, Sakarya, Kocaeli and so on..
These cities get a remarkable amount of investment. I'll give an example over Samsun again, the new industrial complex I just mentioned is built to be home to factories and industrial buildings. Hundreds of companies and manufacturers are going to be there and this will exponentially increase production in Samsun. BYD is investing 1 billion dollars to Mersin now. There are factories of Turkish defence companies all around Turkiye, TAI is heavily investing in Kahramanmaraş since the earthquake.

Long story short, there are investments aiming Anatolia, which I witnessed some with my own eyes. And there is a NEED to build a canal in Istanbul, otherwise possible crashes will create a small earthquake effect.

Most of you are living abroad. This makes you miss a lot of news and you don't see Turkiye with your own eyes as much as I do. So please pay attention to what I said.
 

Sanchez

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Canal will let us stop shipping in Bosphorus because we will tell the world it is risky to do shipping there. And we will force them to go from a route which we have full control on
We can't, With Montreux or not, Bosphorus is still a natural waterway. We can make crossing Bosphorus harder by using bureaucracy but we cannot stop the traffic.
 

YeşilVatan

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We can't, With Montreux or not, Bosphorus is still a natural waterway. We can make crossing Bosphorus harder by using bureaucracy but we cannot stop the traffic.
I think we can put a deal forward that would divert large ships to the canal by saying it will be treated as the original canal for all intents and purposes, and charge a little more for the upkeep of the canal. I hate it when petroleum tankers run aground in the Bosphorus and it willl continue to happen as long as those ships pass the straits.

My amateur opinion is the canal is totally not worth it, though. We are not in a position to do vanity projects.
 

Turkic

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We can't, With Montreux or not, Bosphorus is still a natural waterway. We can make crossing Bosphorus harder by using bureaucracy but we cannot stop the traffic.

Yes. And no one would choose Bosphorus when we make it harder. Every day is important when a shipping delay is gonna happen. No company would choose 2 days delay over 1 dollar more per ton.

Edit: forcing them to submit an over-detailed maintenance report recorded in a close date would be a nice way to make them wait, wouldn't it ? We can't let structurally unsafe ships to get in Bosphorus right 😂
 
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Huelague

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Yes. And no one would choose Bosphorus when we make it harder. Every day is important when a shipping delay is gonna happen. No company would choose 2 days delay over 1 dollar more per ton.

Edit: forcing them to submit an over-detailed maintenance report recorded in a close date would be a nice way to make them wait, wouldn't it ? We can't let structurally unsafe ships to get in Bosphorus right 😂

Exactly! That’s the plan when If I recall my Telephone call with Erdoğa right. Maybe an additional bridge or tunnel and deposit of land to narrow the Bosporus.
Fishing boats can also make an traffic jam.
 
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Sanchez

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RTE may have sold off the operation against YPG/PKK in exchange to lifting some sanctions
It's weirder than that. Looks like the lifted sanctions are the same ones that were put in place to stop Turkey from doing this operation in the first place. These are the "sanction bodies" that would be used to further sanction Turkish entities if Turkey undertook an operation. Them being removed means what, I have no idea.
 

Lool

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The last 1-year net improvement in the net foreign reserves of Turkey reached a staggering 120 billion dollars
Moreover, it is reported that the TCMB will report the highest gross reserves ever recorded in the history of Turkey this Thursday with the highest net reserves in the history of the republic to be announced within a month or two as it is still a bit below the highest ever recorded amount

 

Saithan

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The last 1-year net improvement in the net foreign reserves of Turkey reached a staggering 120 billion dollars
Moreover, it is reported that the TCMB will report the highest gross reserves ever recorded in the history of Turkey this Thursday with the highest net reserves in the history of the republic to be announced within a month or two as it is still a bit below the highest ever recorded amount

Do you know how much people have been taxed to get back from the brink of death Erdogans, "I don't believe in interest rates" brought upon the people ?
 

Saithan

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Well... that's good news, but what's the ROI (Return on Investment) on these ? Feasibility report, and who's scoring the profit and all those questions that you'd normally ask. A quick calculation shows aprox saving 6 billion/year
 

Saithan

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Let's see how this impacts us. I am sure these raw products are worth more when WW3 breaks out. So keeping them close at home would be better. Also for construction works and such. imo.

Plus I'd prefer we exported higher value added goods.
 

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