Turkish Economy - News & Updates

[what]

500 gram cherry is here €3,19. Thats about 22TL

If the farmers sell a kg for €2,- its still good.
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What about green tractors for our farmers? Wouldnt that decrease the production costs?

I saw it in the news a couple of weeks ago farmers complaining that they were only receiving like 30-40 cents per KG.

 

[Killuminati]

I saw it in the news a couple of weeks ago farmers complaining that they were only receiving like 30-40 cents per KG.

For how much TL does the farmers sale their cherries to the wholesalers?

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Some interesting video:

 

[Saithan]

well, the problem US has is pretty big, but another reason why foreign countries buy debt is the return they yield and economic security like what Turkey is doing atm. Selling debt to stave off the inflation and the economic crises that we're heading towards. By the time Turkey has sold of all US debt, we'll have others buy our debt, like China and Russia, and if we piss them off they'll sell of all the debt and plunge our nation into the dark age.

It's better to own debt than be a nation indebted. I doubt RTE and AKP can fix this.
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QINVEST Asset Management, a subsidiary of Qatari state funds, and RE-PIE founded Real Estate Investment Fund, they announced in a statement on Aug. 18.

The move came shortly after Qatar pledged $15 billion in investments to help Turkey’s economy.

Qatar’s Emir Tamim bin Hamad al-Thani paid a snap visit to the Turkish capital on Aug. 15 for talks with President Recep Tayyip Erdoğan.
According to the joint statement issued by Qinvest and RE-PIE, the fund will invest in commercial properties that have leased agreements with tenants in foreign currency.

Re-pie’s chair Emre Çamlıbel said: “With this fund we aim to attract more foreign institutional investors to our country and expand our investor base with regular coupon payments.”

Çamlıbel said the recent exchange rate movements made Turkish real estate market very attractive for investors seeking capital appreciation.

“We believe that we will attract significant amount of foreign investors in the medium to long term,” he added.

QINVEST, asset management company of Qatar, has been managing over one billion Turkish Liras ($166 million), according to data of Turkey’s Capital Markets Board.

The fund will invest in commercial real estate with long term foreign currency lease contracts, and will distribute the acquired rent to its investors in every three months. Target of the Fund is to distribute at least 7 percent foreign exchange-based rent over the principal amount invested by the investor.

Turkey’s first real estate portfolio management company, Re-pie has portfolio size of 320 million Turkish Liras and has three active real estate investment funds.

There are about 2.3 million square meters of real estate stock in these funds.

Re-pie’s investors are 24 pension funds and 63 individual and institutional investors.

Considering that the $350 billion state fund of Qatar, a very serious potential that can be invested into Turkey, the statement said it is now expected that Qatar will ease the Turkish capital markets by investing in these days when the market conditions are difficult in their friendly country.

source:http://www.hurriyetdailynews.com/qi...with-local-company-to-invest-in-turkey-135957

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Isn't the above interesting. Qinvest buying and building, and rent will be in USD/Euro, not TL.

So the money they promised will go to "construction" thus creating temporary jobs, so Erdogan gets respite from the looming crises.

 

[what]

Just thought you should know: The country that was called Nazi and what else (Germany) is considering helping out Turkey in case shit hits the fan, probably with cheap loans or something like that. Think about that the next time you're cursing at a country.

 

[Exxxe]

Just thought you should know: The country that was called Nazi and what else (Germany) is considering helping out Turkey in case shit hits the fan, probably with cheap loans or something like that. Think about that the next time you're cursing at a country.

No they are not

Besides you forgot what happened when it was their elections and why they were called nazis ??

Didn't see you complain back then but anyway will see on the next German elections what help they will be doing lol

 

[Bismarck]

No customs union update with Turkey: https://www.lokalplus.nrw/nachrichten/politik-kreisolpe/kein-ausbau-der-eu-tuerkei-zollunion-26871

“ An update with Turkey could increase his economic growth up to 2 %.”

 

[what]

No they are not

Well yes they are, if the head of the second biggest party that is part of the ruling coalition says so.

 

[Killuminati]

When AKP will learn that constructions doesnt produce anything.

 

[what]

@Exxxe, look here smartass even the biggest party is talking about the conditions for help now. They are saying any kind of aid would be a waste if Erdoğan starts talking shit about the central bank again.

http://www.faz.net/aktuell/wirtscha...en-fuer-moegliche-tuerkei-hilfe-15746420.html


The Government is probably trying to avoid IMF money because Erdoğan has been talking about paying the IMF debt for a decade now. Wouldn't look to good for his sheeps.

 

[SouI]

No customs union update with Turkey: https://www.lokalplus.nrw/nachrichten/politik-kreisolpe/kein-ausbau-der-eu-tuerkei-zollunion-26871

“ An update with Turkey could increase his economic growth up to 2 %.”

That is correct. It would increase the economic efficiency (= Real Economic Growth) of our country by a big margin! Then our agriculture sector could actually stop being a communist toy of the government and actually become a professional sector run by big efficient professional players!

The price of foodstuff would go down while the food quality would increase!

Production of inefficient agri-products would leave their places to efficient and profitable ones!

Liberalization of trade, taxation and finance, that is what our country needs in urgency!

 

[Exxxe]

Well yes they are, if the head of the second biggest party that is part of the ruling coalition says so.

@Exxxe, look here smartass even the biggest party is talking about the conditions for help now. They are saying any kind of aid would be a waste if Erdoğan starts talking shit about the central bank again.

http://www.faz.net/aktuell/wirtscha...en-fuer-moegliche-tuerkei-hilfe-15746420.html


The Government is probably trying to avoid IMF money because Erdoğan has been talking about paying the IMF debt for a decade now. Wouldn't look to good for his sheeps.

https://www.reuters.com/article/us-...need-to-help-turkey-financially-idUSKCN1L517T

http://www.hurriyetdailynews.com/merkel-sees-no-need-for-special-german-aid-for-turkey-135991

Besides words cant count as actions your point will be valid if they actually did something

But you are missing something else there is no help or save needed
http://www.hurriyetdailynews.com/turkish-treasury-plans-to-repay-10-3b-debt-by-june-august-132673

http://www.hurriyetdailynews.com/tu...-4-billion-debt-in-march-to-may-period-128068

https://ahvalnews.com/turkey-economy/turkey-budget-surplus-grows-july-turkish-finance-ministry

https://www.dailysabah.com/economy/2018/08/16/turkeys-budget-records-237-million-surplus-in-july

https://www.albawaba.com/business/turkish-treasury-records-160-million-cash-surplus-july-1170562

Turkey been repaying its debts and scoring profit
http://www.hurriyetdailynews.com/tu...b-net-profit-in-first-6-months-of-2018-135699

Finally let's hypothetically say the economy is crashing do you know the impact on germany and Europe

No smart leader/ government would spend money unless it's getting a return from it

 

[Saithan]

Those articles and Turkeys budget surplus doesn't make sense. The way RTE and AKP uses money for the past few years, the only possible explanation of repaying debt would be through shadow economy. I know that thanks to certain investments like Azerbaijans Chemical plant investment we will be able to refine raw oil, and thus reduce our expenditures on energy, but there are too far in between those investments.

Granted the tourist season brings in a lot of money, and if taxpayers paid their due we'd probably have a much better economy.

This is another reason why I don't like the lack of transparency.

Would the lack of transparency make it more difficult to destabilize a country's economy ?

 

[Bismarck]

That is correct. It would increase the economic efficiency (= Real Economic Growth) of our country by a big margin! Then our agriculture sector could actually stop being a communist toy of the government and actually become a professional sector run by big efficient professional players!

The price of foodstuff would go down while the food quality would increase!

Production of inefficient agri-products would leave their places to efficient and profitable ones!

Liberalization of trade, taxation and finance, that is what our country needs in urgency!

Action speaks louder than words. https://www.reuters.com/article/tur...turkey-scholz-tells-counterpart-idUSB4N1SN010

 

[Bismarck]

Could you at least sum it up in few crucial points.

He is a pilot for foreign business people who wants to invests in Turley. He shows opportunities for possible investors. He has some degree in business school with decades of experience.
https://d-project.de/

 

[what]

https://www.reuters.com/article/us-...need-to-help-turkey-financially-idUSKCN1L517T

http://www.hurriyetdailynews.com/merkel-sees-no-need-for-special-german-aid-for-turkey-135991

Besides words cant count as actions your point will be valid if they actually did something

But you are missing something else there is no help or save needed
http://www.hurriyetdailynews.com/turkish-treasury-plans-to-repay-10-3b-debt-by-june-august-132673

http://www.hurriyetdailynews.com/tu...-4-billion-debt-in-march-to-may-period-128068

https://ahvalnews.com/turkey-economy/turkey-budget-surplus-grows-july-turkish-finance-ministry

https://www.dailysabah.com/economy/2018/08/16/turkeys-budget-records-237-million-surplus-in-july

https://www.albawaba.com/business/turkish-treasury-records-160-million-cash-surplus-july-1170562

Turkey been repaying its debts and scoring profit
http://www.hurriyetdailynews.com/tu...b-net-profit-in-first-6-months-of-2018-135699

Finally let's hypothetically say the economy is crashing do you know the impact on germany and Europe

No smart leader/ government would spend money unless it's getting a return from it

Yes, no country would spend money unless they get something from it and no country would take it unless they gain something with it. Turkey needs the money, why else did Erdogan and Erdogan junior start reaching out to European leaders and China, Qatar? There is no free money, Qatar gets something for its money back and so does China. The alternative would be IMF money.