TR Economy & Updates

[what]

Please continue the discussion here:

Turkey expects to lay ground for Kanal Istanbul project in summer

ah great, perfect timing... great way to distract citizens from the fact that we're making peace with PKK and allowing them to create a state 👍

defencehub.live

 

[Lool]

TCMB's net reserves excluding swaps reached the highest level since 2013

https://twitter.com/i/web/status/1879867102703886815

 

[Saithan]

https://twitter.com/i/web/status/1879993803622465647

RTE may have sold off the operation against YPG/PKK in exchange to lifting some sanctions

https://twitter.com/i/web/status/1879983947913801820

 

[Sanchez]

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.

 

[Scott Summers]

Pfffff.

60 billion USD?

I hope this is true. Because it is a huge scandal that we dont have a highspeed train network in 2025.

China may invest $60bn in Turkey’s rail network - Global Construction Review

China is considering investing $60bn to upgrade Turkey’s rail network, South China Morning Post reports.

www.globalconstructionreview.com

 

[Scott Summers]

Iran-Afghanistan-Turkey to establish New Commercial Corridor.

Afghanistan, Iran, and Turkey Agree on Establishing a New Commercial Corridor - Bakhtar News Agency

KABUL (BNA): Afghanistan, Iran, and Turkey have agreed to establish a new trade corridor. Thi

www.bakhtarnews.af

 

[Lool]

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

https://twitter.com/i/web/status/1884169549366583750

 

[Saithan]

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

https://twitter.com/i/web/status/1884169549366583750

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 ?

 

[Scott Summers]

This is good news.

 

[fushkee]

Who will account for that minus deep?

 

[Saithan]

Renewables help Türkiye save $15 billion in gas imports - Latest News

Over the past two and a half years, solar and wind energy combined have prevented $15 billion in natural gas imports, reinforcing Türkiye’s energy independence and reducing dependency on fossil fuels, according to a report by London-based energy think tank Ember.

www.hurriyetdailynews.com

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

 

[Scott Summers]

India: “Our trade balance must double from 10 billion to 20 billion. Turkish firms should invest in India.”

India eyes double bilateral trade with Türkiye, envoy says

'I'm encouraging traders and businesspeople from India to come to Türkiye and see for themselves,' says India's Ambassador to Türkiye Muktesh Pardeshi - Anadolu Ajansı

www.aa.com.tr

 

[Turkic]

Türkiye to unveil over $2B investment package next month: Minister

Noting that 2025 will be a year in which 'good news' related to high-tech investments will be announced, a top official said Wednesday the first phase...

www.dailysabah.com

Some Turkish media is serving the news as a car company other than Chery. I didn't listen to the speech myself.

 

[Saithan]

US to impose 25 percent tariffs on steel, aluminum imports - Latest News

The United States will move to impose 25-percent tariffs on steel and aluminum imports this week, President Donald Trump said Sunday, the latest in a slew of trade levies he has announced.

www.hurriyetdailynews.com

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.

 

[uçuyorum]

US to impose 25 percent tariffs on steel, aluminum imports - Latest News

The United States will move to impose 25-percent tariffs on steel and aluminum imports this week, President Donald Trump said Sunday, the latest in a slew of trade levies he has announced.

www.hurriyetdailynews.com

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.

Didnt they already sanction us on these

 

[Scott Summers]

Turkey plans to double trade with Turkmenistan to $5 bln per year

interfax.com

We must double down on trade with every country.

 

[Scott Summers]

Turkey, AIIB signs MoU for $5 billion financing to public sector projects

ANKARA : Turkey's Finance Ministry said on Monday that it has signed a memorandum of understanding with the Asian Infrastructure Investment Bank (AIIB) for $5 billion financing for public sector projects in three years.The deal, which was signed in Saudi Arabia's Al Ula, is aimed at funding...

www.channelnewsasia.com

 

[Lool]

Translation:
Central Bank net reserves are at the highest level in history.

https://twitter.com/i/web/status/1891502857683079552

Translation:
There is a widespread belief that the exchange rate is being suppressed through foreign exchange interventions. Yes, the exchange rate is being suppressed right now, but not to prevent it from increasing, but to prevent it from decreasing.

https://twitter.com/i/web/status/1891505936243593674

Translation:
Gross Reserves hit record high at 173 MLR USD
Net international reserves hit record at 68 MLR USD
Net forex position hits record high at 61.3 MLR USD
Liquidity surplus (including reverse swap) broke a record with 1.67 TRL TLRef 44.5% indicates successful liquidity withdrawal:

https://twitter.com/i/web/status/1891522312475648405

 

[Scott Summers]

Iran intends to establish special joint zone with Türkiye - minister

BAKU, Azerbaijan, March 16. Iran intends to establish special joint economic zone with Türkiye, Iran's Minister of Roads and Urban Development Farzaneh Sadegh said, Trend reports. She made the remark…

en.trend.az

Iran thinks of a special joint economic zone with Turkey in the West-Azerbaijan province.

 

[Corvus]

Trump's tariffs and the incoming world order may cause a boom for Turkish economy: