Turkish Economy - News & Updates

[what]

I saw a documentary about Turkish youth unemployed. Over 20% youth-unemployment could turkey back into a new crisis. AKP should focus on economy again and keep going on reforms which they urgently need. This, the exchange rate (dollar and Euro) and Turkeys huge trade-deficit, especially against China, which is incredible, should be Turkeys government main problems.

They've been spending/investing a lot this year, I think we had a budget deficit of 6 billion € in the first 6 months of the year because of that. Unemployment dropped a tiny bit so far. The government needs some fresh FDI but it wont get even close to the former levels thanks to the failed policies of them.

 

[Bismarck]

They've been spending/investing a lot this year, I think we had a budget deficit of 6 billion € in the first 6 months of the year because of that. Unemployment dropped a tiny bit so far. The government needs some fresh FDI but it wont get even close to the former levels thanks to the failed policies of them.

Government can not create jobs much only general conditions to create jobs. Keep going on with reforms.

 

[OguzSenturk]

Government can not create jobs much only general conditions to create jobs. Keep going on with reforms.

Government shouldn't create any jobs in first place. Government is not a benefiticial economic organisation, its a tax-based security system. It's only job is security. We are not living in Communist country.

Jobs are being created by people, and to make people to invest in the country, you need to destroy terrorists first. People won't invest as much as they could if there is a suicide bombing threat, or one maniac PKK scum put some bomb on the road, or if terrorists keep attacking energy lines etc.

Trade lines and energy (most important one is electricity) are musts for investors. That is why most investments are being done in Western Turkey, and not Southeastern Turkey. There is a huge wasted manpower in our country.

 

[Dai Toruko]

 

[Dai Toruko]

Turkey's exports hits 6-year high in July

Turkish exports surge by 31.2 pct year-on-year in July, says the country's main exporters' association

Turkey's exports soared over 31 percent annually to reach nearly $11.5 billion in July, the highest in the last six years, the Turkish Exporters' Assembly (TIM) said Tuesday.

Turkey's exports soared over 31 percent annually to reach nearly $11.5 billion in July, the highest in the last six years, the Turkish Exporters' Assembly (TIM) said Tuesday.

The association said in a statement that the value of total exports for the last 12 months also increased by 7.5 percent to over $150 billion, compared to the same period last year.

Mehmet Buyukeksi, who heads TIM, said the country's export totalled nearly 89 billion in the first seven months of the year, up by 10.7 percent compared to the same period last year.

Among the top 20 countries for Turkey's exports in July, Russia showed the highest 95.7 percent increase, Buyukeksi said.

The exports to EU member countries showed a 29.1 percent year-on-year increase, making for 51.1 percent of Turkey’s total exports.

The organization added that Turkish exports to the top five countries – Germany, the U.K., Italy, Iraq and the U.S. -- were on the rise.

“Germany remained at the first place among the five countries, with a 28.2 percent increase in exports this month. We are happy to see that the latest political tensions between the two countries did not affect our trade,” Buyukeksi said.

“We will not let anyone destroy the environment which contributes to our gross domestic product (GDP) growth,” said Nihat Zeybekci, the Turkish economy minister.

In July, the automotive sector contributed to the highest export with $2.4 billion, up by 41.1 percent annually.

It was followed by clothing and chemical sectors which contributed $1.5 billion and $1.2 billion respectively in the month.

The most remarkable increase among industrial products was seen in ship and yacht sector exports which enjoyed a four-fold rise.

http://aa.com.tr/en/economy/turkeys-exports-hits-6-year-high-in-july/873954

 

[what]

Turkey's exports hits 6-year high in July

https://twitter.com/x/status/892800386721042432

Seems like oil for gold trade with Iran has started again.

 

[Bismarck]

Turkey's exports hits 6-year high in July

Turkish exports surge by 31.2 pct year-on-year in July, says the country's main exporters' association

Turkey's exports soared over 31 percent annually to reach nearly $11.5 billion in July, the highest in the last six years, the Turkish Exporters' Assembly (TIM) said Tuesday.

Turkey's exports soared over 31 percent annually to reach nearly $11.5 billion in July, the highest in the last six years, the Turkish Exporters' Assembly (TIM) said Tuesday.

The association said in a statement that the value of total exports for the last 12 months also increased by 7.5 percent to over $150 billion, compared to the same period last year.

Mehmet Buyukeksi, who heads TIM, said the country's export totalled nearly 89 billion in the first seven months of the year, up by 10.7 percent compared to the same period last year.

Among the top 20 countries for Turkey's exports in July, Russia showed the highest 95.7 percent increase, Buyukeksi said.

The exports to EU member countries showed a 29.1 percent year-on-year increase, making for 51.1 percent of Turkey’s total exports.

The organization added that Turkish exports to the top five countries – Germany, the U.K., Italy, Iraq and the U.S. -- were on the rise.

“Germany remained at the first place among the five countries, with a 28.2 percent increase in exports this month. We are happy to see that the latest political tensions between the two countries did not affect our trade,” Buyukeksi said.

“We will not let anyone destroy the environment which contributes to our gross domestic product (GDP) growth,” said Nihat Zeybekci, the Turkish economy minister.

In July, the automotive sector contributed to the highest export with $2.4 billion, up by 41.1 percent annually.

It was followed by clothing and chemical sectors which contributed $1.5 billion and $1.2 billion respectively in the month.

The most remarkable increase among industrial products was seen in ship and yacht sector exports which enjoyed a four-fold rise.

http://aa.com.tr/en/economy/turkeys-exports-hits-6-year-high-in-july/873954

Any news about imports and trade deficit?

 

[xenon54 out]

Seems like oil for gold trade with Iran has started again.

Or maybe filling stocks?

 

[what]

Or maybe filling stocks?

Could be, but the last time our exports skyrocketed and gold imports did too, it was the Iran oil-gold deal.

 

[Islamic faith&Secularism]

''

''

Source: http://www.dogrulukpayi.com/beyanat/565573f15890a


For those who believe the economy for regular people is doing alright since 2015, I suggest them to make a PPP comparison between USA and Turkey with data above at their own risk, for they are very likely to go into depression due to the result of that comparison.

 

[OguzSenturk]

Well education system filled by PKK supporter and Communist teachers between 2002-2013, so i really don't feel sad for them. Most of the teachers should be fired without any reparation payment, and education system should be re-planned with modern reforms, only hardcore Nationalist people should be allowed to work as a teacher.

 

[Bismarck]

Well education system filled by PKK supporter and Communist teachers between 2002-2013, so i really don't feel sad for them. Most of the teachers should be fired without any reparation payment, and education system should be re-planned with modern reforms, only hardcore Nationalist people should be allowed to work as a teacher.

From one extremism to another. Sounds like a good idea.

 

[OguzSenturk]

From one extremism to another.

What?

 

[Bismarck]

What?

You want to replaced left extremists by right/national extremists.

 

[OguzSenturk]

You want to replace left extremists by right/national extremists.

You want to strip naked and twerking in the middle of Berlin.