Turkish Economy - News & Updates

[TaiShang]

All crisis is cauesc by external powers. External powers external powers we are helpless and desperate.

This external power argument has an inherent contradiction. Those AKP supporters argue they support Erdogan because he is the only strong leader that defends Turkey's interests well. On the other hand, the same people see foreign meddling even in the prices of onion and cabbage.

If, under Erdogan, Turkey became so strong, how come external powers are able to dictate onion and cabbage prices in Turkey?

Maybe AKP voters equate high-pitch arguments with strength. In fact, they need to equate strength with result. If the outcome is bad people, what is the point in arguing?

That was the nature of Turkey's diplomacy two-decade prior: They used to speak softly and carry a big stick. For a miraculous reason, Erdogan managed to paint these people with weakness and timidity: Hence the ongoing assault on the left politics, Ataturk legacy and Republican institutions in Turkey.

Economy, too, seems to be one of the alternative realities managed by the AKP in a magical way.

 

[GlobalMillitary96]

Maybe AKP voters equate high-pitch arguments with strength. In fact, they need to equate strength with result. If the outcome is bad people, what is the point in arguing?

That was the nature of Turkey's diplomacy two-decade prior: They used to speak softly and carry a big stick.

Exactly. Turkey used to be greatly feared. Nowadays all we do is bark. Even Egypt is trying to taunt us... This is what happens when you have a leader who is supported by the low IQ segment of the population. Most nations that hate Turkey are loving Erdogan because he has politically divided the country more than any prior leader. Also, the fact that 16 of our Islands were gifted to Greece is a big reason why we are no longer a feared powerhouse. The Islamism which Erdogan has been promoting is also a major reason why we are seen as a joke these days.. Not only does it breed idiots but it also indicates that we are subservient to Arabs and their culture. If it wasn't for our proud history and the sheer power and passion that our army possesses I'm fairly certain that neighboring countries would try to get their piece of Anatolian pie.

 

[Exxxe]

This external power argument has an inherent contradiction. Those AKP supporters argue they support Erdogan because he is the only strong leader that defends Turkey's interests well. On the other hand, the same people see foreign meddling even in the prices of onion and cabbage.

If, under Erdogan, Turkey became so strong, how come external powers are able to dictate onion and cabbage prices in Turkey.

Ok let's get into ECON101
Any free country WONT dictate how businesses price their products as you ask
So let's say I'm the owner of a supermarket chain ( 1000 markets across turkey ) and I chose to sell Carrots for a 100 dollar can the government stop me ? No it cant

Can the government dictate at what price producers and farmers would sell me their product so I distribute it ? No it cant

Can the government Intervene in my business decisions as I negotiate or look for a better price so I can compete and have advantage over others ? Nope
Can the government stop others from raising their Interest rates and exchange rates ? HELL NO ( that's stupid )

Well a democratic free country fulfils such answers

What you are saying is you want Erdogan to be so powerfull that he dictates the prices of products but why then hate him as a dictator if that's what you want him to be ( ironic dont you think ) besides free market dictates the price along with trade , self sufficiency ,,,etc

Turkey's STRENGTH was that it actually started selling onions and vegetables independently at a fair price from Municipalities without shortage or loss of profit forcing others to lower prices so it could compete

OVER 350 TONS are sold so far in these points ( go figure)

 

[xenon54 out]

This external power argument has an inherent contradiction. Those AKP supporters argue they support Erdogan because he is the only strong leader that defends Turkey's interests well. On the other hand, the same people see foreign meddling even in the prices of onion and cabbage.

If, under Erdogan, Turkey became so strong, how come external powers are able to dictate onion and cabbage prices in Turkey?

Maybe AKP voters equate high-pitch arguments with strength. In fact, they need to equate strength with result. If the outcome is bad people, what is the point in arguing?

That was the nature of Turkey's diplomacy two-decade prior: They used to speak softly and carry a big stick. For a miraculous reason, Erdogan managed to paint these people with weakness and timidity: Hence the ongoing assault on the left politics, Ataturk legacy and Republican institutions in Turkey.

Economy, too, seems to be one of the alternative realities managed by the AKP in a magical way.

You can be quite reasonable, why not like this all the time?

 

[TaiShang]

Ok let's get into ECON101
Any free country WONT dictate how businesses price their products as you ask
So let's say I'm the owner of a supermarket chain ( 1000 markets across turkey ) and I chose to sell Carrots for a 100 dollar can the government stop me ? No it cant

Can the government dictate at what price producers and farmers would sell me their product so I distribute it ? No it cant

Can the government Intervene in my business decisions as I negotiate or look for a better price so I can compete and have advantage over others ? Nope
Can the government stop others from raising their Interest rates and exchange rates ? HELL NO ( that's stupid )

Well a democratic free country fulfils such answers

What you are saying is you want Erdogan to be so powerfull that he dictates the prices of products but why then hate him as a dictator if that's what you want him to be ( ironic dont you think ) besides free market dictates the price along with trade , self sufficiency ,,,etc

Turkey's STRENGTH was that it actually started selling onions and vegetables independently at a fair price from Municipalities without shortage or loss of profit forcing others to lower prices so it could compete

OVER 350 TONS are sold so far in these points ( go figure)

Governments have lots of ways to indirectly impact economic growth and respond to emergencies. Fir instance, if drug prices are astronomical, then, government can chose to reduce taxes on some high-demand/critical items.

Mainland China does that:

***

China to cut taxes for rare-disease drugs

Source:Xinhua Published: 2019/2/23

China's Ministry of Finance announced Friday VAT reductions for rare-disease drugs to lower the cost for patients with rare diseases and encourage development of the pharmaceutical industry.

Starting March 1, 2019, the VAT rate for the import of rare-disease drugs will be reduced to 3 percent, the ministry said in an online statement.

VAT for the production and sale, wholesale and retail of rare-disease drugs will also be reduced to 3 percent from March 1.

A total of 21 rare-disease drugs and four active pharmaceutical ingredients will become first to enjoy the polices, according to the ministry.

Currently, China has more than 20 million people with rare diseases, who have very few options in terms of treatment.

http://www.globaltimes.cn/content/1139790.shtml

You can be quite reasonable, why not like this all the time?

I am for equal, independent international relations with utmost respect for sovereignty and non-intervention.

Also, due to political affiliation, I am quite respectful to Turkey's independent-minded left, including its founding origins and leader (although, along with the left in Europe and US, the left in Turkey may have shifted towards center and even right, hence, lost its origins).

 

[xenon54 out]

Also, due to political affiliation, I am quite respectful to Turkey's independent-minded left, including its founding origins and leader (although, along with the left in Europe and US, the left in Turkey may have shifted towards center and even right, hence, lost its origins).

No, left is still left in Turkey but they are too extreme left which is why they get voted by a smaller percentage than goverment.
They must shift more towards center imo, like during Atatürk times.

 

[UkroTurk]

Governments have lots of ways to indirectly impact economic growth and respond to emergencies. Fir instance, if drug prices are astronomical, then, government can chose to reduce taxes on some high-demand/critical items.

Mainland China does that:

***

China to cut taxes for rare-disease drugs

Source:Xinhua Published: 2019/2/23

China's Ministry of Finance announced Friday VAT reductions for rare-disease drugs to lower the cost for patients with rare diseases and encourage development of the pharmaceutical industry.

Starting March 1, 2019, the VAT rate for the import of rare-disease drugs will be reduced to 3 percent, the ministry said in an online statement.

VAT for the production and sale, wholesale and retail of rare-disease drugs will also be reduced to 3 percent from March 1.

A total of 21 rare-disease drugs and four active pharmaceutical ingredients will become first to enjoy the polices, according to the ministry.

Currently, China has more than 20 million people with rare diseases, who have very few options in terms of treatment.

http://www.globaltimes.cn/content/1139790.shtml



I am for equal, independent international relations with utmost respect for sovereignty and non-intervention.

Also, due to political affiliation, I am quite respectful to Turkey's independent-minded left, including its founding origins and leader (although, along with the left in Europe and US, the left in Turkey may have shifted towards center and even right, hence, lost its origins).

You have got an interesting socialism. Your example about prices of medicine doesn't work in Turkey . Because majority of population are treated for free. I expect free medicine for nation also in socialist countries.

 

[TaiShang]

You have got an interesting socialism. Your example about prices of medicine doesn't work in Turkey . Because majority of population are treated for free. I expect free medicine for nation also in socialist countries.

In Turkey, are hospitals all free? So, drugs are subsidized by the government at the sales points?

That's an advanced form of socialism, perhaps.

No, left is still left in Turkey but they are too extreme left which is why they get voted by a smaller percentage than goverment.
They must shift more towards center imo, like during Atatürk times.

I think the left in Turkey needs to economize politics. Going center means that the left also talks about religious freedoms (which means religious class domination, rather than secularism), market liberalism etc., which are poisonous to the cause of the left.

In Turkey, the left can simply ignore the center/right arguments and develop its own theory and political solutions to key problems such as education, social welfare, crime etc.

 

[UkroTurk]

In Turkey, are hospitals all free? So, drugs are subsidized by the government at the sales points?

That's an advanced form of socialism, perhaps.



I think the left in Turkey needs to economize politics. Going center means that the left also talks about religious freedoms (which means religious class domination, rather than secularism), market liberalism etc., which are poisonous to the cause of the left.

In Turkey, the left can simply ignore the center/right arguments and develop its own theory and political solutions to key problems such as education, social welfare, crime etc.

Absolutely public hospitals and medicine for free, indeed every Turkish citizen has to pay compulsory medical insurance which is really cheap. Medical insurance pays your expenses. You don't need money at hospitals. Furthermore The children and seniors over 65 are under cover of social security. Yeah Turkey happens a real socialist country.

 

[Islamic faith&Secularism]

The Tourist index between the years of 2002-2017 by Countries.

https://twitter.com/x/status/1105362560801480704

The Unemployement in Turkey.

https://twitter.com/x/status/1106269319477018626

 

[Islamic faith&Secularism]

The AKP, Israel and Agriculture in Turkey.


''

- Ülkemizde kullanılan tohumların önemli bir kısmı yabancı menşeilidir. Örneğin Mısırda % 95, Pamukta % 80, Soyada % 80, Sebzede % 75, Patateste % 95, Ayçiçeğinde % 82, Buğdayda % 5 oranlarında yabancı menşeili tohum kullanılmaktadır. Sonuç olarak tohumculuk pazarının % 70`i yabancı firmalara aittir.

- Piyasada denetim ve sertifika verme yetkisi Türk Tohumcular Birliğindedir. Sertifikalı tohum kullanımından esas kârlı çıkacak olanlar da bu tohumların sertifikasını elinde tutan çokuluslu şirketlerdir. 2015 yılı sonu itibarıyla Türkiye`nin tohum ihracatı 103 milyon, ithalatı ise 202 milyon dolar olarak gerçekleşmiştir.

- Türkiye`de yaklaşık 5 milyon çiftçimiz bulunmaktadır. Bunun yaklaşık 2-2,5 milyonu Çiftçi Kayıt Sistemine kayıtlıdır. Türkiye`de toplam tarım işletmesi içinde küçük işletmelerin oranı ise % 80`dir.

- Sadece sertifikalı tohumlara destek verilmesi durumunda;

1- Küçük ölçekli tarım işletmelerimizde kullanılan yerel çeşitlerimiz bu durumda yok olacaktır.Örneğin; Adana`nın yuvarlak patlıcanı, Pembe domates, Deli bezelye, Ayaş domatesi, Urla börülcesi vb. gibi. Yerel çeşitlerimiz ortadan kalkacaktır. Çünkü sertifika firmaları, bu çeşitleri verimli olmadıkları için sertifikalandırmaya gitmeyecekler, daha verimli kendi buldukları çeşitlere yöneleceklerdir. Böylece yerli çeşitlerimiz zaman içerisinde yok olacaktır.

2-Bu politika neticesinde Tohumculuk sektörümüz tamamıyla yabancı firmaların tekeline geçecektir.

3-Bu uygulamayı yapan birçok ülkede yerli çeşitlerin tarihe karıştığını da unutmamamız gerekir.
''

The source: http://www.zmo.org.tr/genel/bizden_detay.php?kod=27037&tipi=3&sube=0

An example, Adıyaman/Besni cotton is very unique quality due to its unique seed; however, the government wants farmers to use certified Israeli seeds which need periodic medicine due to soil of Adıyaman if they want subsidy from the government.

The result, the small farms cannot produce that unique quality cotton.

Who wins?

 

[Bismarck]

The Tourist index between the years of 2002-2017 by Countries.

https://twitter.com/x/status/1105362560801480704

The Unemployement in Turkey.

https://twitter.com/x/status/1106269319477018626

Where are Chinese and Indian people?

 

[TaiShang]

Turkish citizenship sales boost housing market

Michal Bardavid - 19-Mar-2019

A shrinking economy in Turkey has led the country into recession for the first time in 10 years. With inflation hovering around 20 percent and a currency crisis that has seen the Turkish lira lose nearly a third of its value, it is no surprise that housing sales have declined in Turkey.

As Turkey's economy works hard to recover from a difficult year, government officials are optimistic about its future growth. The country's Finance and Treasury Minister Berat Albayrak believes Turkey's economic growth will reach 2.3 percent by the end of this year. In the meantime, the government is implementing new strategies to support different industries. Housing is one of them – and Ankara's plan to boost housing sales seems to be paying off.

The Turkish Statistical Institute recently announced a 25 percent annual fall in house sales. However, as Turks struggle to invest, for foreigners with some capital, especially in Gulf countries, it may be the right time to buy a house in Turkey.

In an effort to battle the decline in house sales and boost the economy, Ankara has eased its criteria for foreigners to obtain Turkish citizenship through investments. Foreigners who buy a house worthy of 250,000 U.S. dollars and do not sell it in three years will be eligible for citizenship. This is down from the previous one million dollars. Foreigners who don't want to buy property can also choose to make a bank deposit of 500,000 dollars – It used to be three million dollars. Another way is to employ at least 50 people – instead of a hundred.

Avi Alkas, the chairman of international real estate giant Jones Lang LaSalle. /CGTN Photo

Avi Alkas, the chairman of international real estate giant Jones Lang LaSalle in Turkey says there are reasons why foreigners are buying property. He says that "Turkey is becoming more attractive for shopping, for medical tourism, that's why, not only for their own uses, but also to make businesses from Turkey outbound, and also Turkey is becoming a more interesting target. That's why some business leaders are also preferring to buy properties in Turkey nowadays." Alkas says Istanbul's location has made it attractive for business owners who travel frequently.

The number of house sales to foreigners in 2018 increased by almost 80 percent compared to the previous year, breaking all-time monthly records. A lot of interest has come from Arab states, especially Iraq. Some lawyers point out that for Iranian businessmen, Turkish citizenship can be beneficial.

Tourists in Istanbul, Turkey. /CGTN Photo

Muharrem Erdogan, founder and CEO at Erdogan Law Firm who specializes in citizenship laws says they have received the highest number of applications from Iran. He states that "due to the sensitive conditions in their own country, because of sanctions imposed on Iran, businessmen face serious problems. They can't even open a bank account here, because of the embargo in Iran, none of the banks want to do it." By obtaining Turkish citizenship, Iranians are able to overcome all the obstacles sanctions cause for their business practices.

Whether it is to overcome sanctions or for visa-free entry to dozens of countries Turkey has agreements with, or to make use of the country's position between Asia and Europe – many foreigners are finding out the Turkish citizenship offer attractive. Though real estate sales will give a boost to the economy – it's not clear how much it can make up for the drop in domestic demand in Turkey.

https://news.cgtn.com/news/3d3d674e7755444e33457a6333566d54/index.html

 

[UkroTurk]

Turkey’s economy fell into
recession at the end of 2018. For
the whole of 2018 the economy
grew by 2.6%, the weakest pace
in a decade and far below the
7.4% recorded in 2017 in the
wake of the government’s
construction-led stimulus. The
economy took a hit last year
from a run on the lira, caused
in part by uncertainty about
the political independence of
the central bank.
Source : The Economist March 2019

 

[CAN_TR]

https://twitter.com/x/status/1109169518662860800