TR Economy & Updates

[Saithan]

BTW our export to China.

not very impressive to be honest. Raw products. I think our government needs to implement a law that prohibits importing unnecessary high tech gadgets. Though I know it's wrong.

What we import from China.

 

[Zafer]

not very impressive to be honest. Raw products. I think our government needs to implement a law that prohibits importing unnecessary high tech gadgets. Though I know it's wrong.

So you want more taxes, that's how they prevent unnecessary stuff.

 

[Saithan]

So you want more taxes, that's how they prevent unnecessary stuff.

I know what you are saying, but how has China been able to limit imports. It must be some kind of government policy. If they're able to influence their own internal market that way without passing laws, then that's impressive.

 

[Zafer]

I know what you are saying, but how has China been able to limit imports. It must be some kind of government policy. If they're able to influence their own internal market that way without passing laws, then that's impressive.

China is different from other nations. They still have communism and they can force their people to behave in a certain way. For a smaller and democratic country like Turkey we have a more limited set of policy tools.

 

[Saithan]

China is different from other nations. They still have communism and they can force their people to behave in a certain way. For a smaller and democratic country like Turkey we have a more limited set of policy tools.

It should be possible somehow, e.g. limit credits to companies that don't perform well. Or uncreasing auditing etc. On companies that import too much and such.

 

[Saithan]

Central government gross debt stock at $243.9 bln - Latest News

The gross debt stock of Turkey's central government stood at 1.87 trillion Turkish liras (around $243.9 billion) at the end of November, according to official figures released on Dec. 21.

www.hurriyetdailynews.com

 

[Blank1]

Anyway. I was kinda hoping that a railway connecting Uzbekistan and Turkmenistan to Tajikistan and such. I know the small sliver of Afghanistan is the pass that is very harsh and difficult to pass during winter, but there are still turks living there.

I would have loved to have the rail go through Afghanistan, but I am not sure that Taliban would leave it alone.

There is a small rail link between Turkmenistan and Afghanistan completed in 2019 which is just 10 km. As CPEC (China Pakistan Economic Corridor) is now in phase 2 which also includes railway network, which will be extended to Afghanistan, In north from Peshawar city to Jalalabad Afghanistan passing Khyber pass and in south from Quetta city to Kandahar.
Some 7 billion dollars were allocated and if required will be increased to 11 billion. Some construction activity is going on but due to covid and increasing political instability things are too slow. If all is well and done may be till 2024 the northern route would be complete.
Taliban's are not barbaric savages.

 

[Bogeyman]

3.5 million ounces of gold was found in the mine site of Gübretaş, an affiliate of Tarım Kredi. Agricultural Credit General Manager Dr. Fahrettin Poyraz, regarding the determined gold mine reserve, "When calculated over today's prices, we are talking about a value of 6 billion dollars." said.

Gübretaş'a ait maden sahasında 3,5 milyon onsluk altın varlığı tespit edildi

Gübretaş Yönetim Kurulu Başkanı Fahrettin Poyraz, tespit edilen 3,5 milyon onsluk altın varlığına ilişkin, "Bugünkü fiyatlar üzerinden ortaya koymaya kalktığımızda, yaklaşık 6 milyar dolar civarında bir değerden bahsediyoruz" dedi. - Anadolu Ajansı

www.aa.com.tr

 

[Saithan]

Huge Turkish clothing retailer LC Waikiki debuts in Uganda

LC Wakiki, one of Turkey's major clothing retailers, opened its flagship store in Kampala, Uganda.The fashion retailer is Europe's...

www.dailysabah.com

Many retail stores are going online. I hope LC is smart enough to consider the same move.

 

[Zafer]

Türkiye dünyanın cep telefonu üssü oluyor

Ekonomi - Çinli Oppo Tuzla'da, Güney Koreli Samsung Esenyurt'ta, LG ile TCL Çerkezköy'de, Xiaomi Avcılar'da üretime başlıyor. Çinli Vivo'un da yatırım yapmasına kesin gözüyle bakılırken, kararını 2021'de açıklaması bekleniyor.

ekonomi.haber7.com

Many global brand mobile phone makers are expected to setup production base in Turkey in the year 2021.

 

[Zafer]

Huge Turkish clothing retailer LC Waikiki debuts in Uganda

LC Wakiki, one of Turkey's major clothing retailers, opened its flagship store in Kampala, Uganda.The fashion retailer is Europe's...

www.dailysabah.com

Many retail stores are going online. I hope LC is smart enough to consider the same move.

I don't know how much more online LCW can go.
There is no closing up of brick and mortar shops though.

 

[Saithan]

High demand prompts 1-week extension of E-Halal Expo

The world’s first virtual halal fair, E-Halal Expo, which began in parallel with the sixth World Halal Summit that kicked off in Istanbul, was extended...

www.dailysabah.com

 

[Huelague]

I know what you are saying, but how has China been able to limit imports. It must be some kind of government policy. If they're able to influence their own internal market that way without passing laws, then that's impressive.

A restriction of import, depend on import - export ratio. Lets say 20% of export. For example, if you export for 100 $, you can import for 120$ value max .

 

[Saithan]

A restriction of import, depend on import - export ratio. Lets say 20% of export. For example, if you export for 100 $, you can import for 120$ value max .

I’d say less, as we want a trade balance in our favour

 

[Huelague]

I’d say less, as we want a trade balance in our favour

Just an example, 1, 5, 10%...

 

[Kartal1]

https://twitter.com/i/web/status/1341859168249114627

 

[Saithan]

https://twitter.com/i/web/status/1341519044990648329

Turkish truck drivers grabbing attention in the UK-France squabble, especially the breakfast part

 

[the]

https://twitter.com/i/web/status/1342063593978781696

Seems like Agbal is really keen on containing inflation. I reckon 2021 will be focused on recovering from the turmoil of 2 years under Albayrak's leadership.

 

[Cabatli_TR]

Central bank reserve announced.
91,8 billion $

https://twitter.com/i/web/status/1342478658175438855

 

[Sinan]

Central bank reserve announced.
91,8 billion $

https://twitter.com/i/web/status/1342478658175438855

Net Reserves are below zero.

https://www.tcmb.gov.tr/wps/wcm/connect/ede968f2-dee8-4bb7-b7c4-c21f37a153eb/RT202010ING.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-ede968f2-dee8-4bb7-b7c4-c21f37a153eb-no8w6tb