Turkish Economy - News & Updates

[Exxxe]

You are retarded

You know you just made me really happy

When you have zero points to make

Zero thing to show and convince

Zero claim that disproves what I said

When there is really nothing you can say insults is the only way out

Thank you

 

[Exxxe]

Turkey's world share in aquaculture rises

Thus, aquaculture production increased by 416% to 315,000 tons, Pakdemirli added.

Thus, aquaculture production increased by 416% to 315,000 tons, Pakdemirli added.

Last year, a total of 629,000 tons of waterproducts were produced, he noted.

Out of all, 314,000 tons were from fishing, which is the harvesting of wild fish, while 314,500 were from aquaculture which is the cultivation of aquatic plants for food, he added.

The full news here:

http://www.hurriyetdailynews.com/amp/turkeys-world-share-in-aquaculture-rises-minister-144881

 

[rajvoSa]

Stakeholder Qatar urges Volkswagen board to pick Turkey for new plant, report says

https://www.dailysabah.com/automoti...oard-to-pick-turkey-for-new-plant-report-says

 

[Deliorman]

Today the news that VW is choosing Turkey as a place for their big investment instead of Bulgaria is a top story on every media here.

Needless to say that Bulgarians are sh*tting blood because they had high hopes that they will get the plant.

Now all of them on social medias and forums hope for American and EU sanctions that will turn Turkey into a second Venezuela and for Germans to be hit by all kinds of bad things and disasters too while VW goes bankrupt etc.

Though still there isn’t an official confirmation from VW about their final choice etc so let’s not celebrate.

 

[Bismarck]

Today the news that VW is choosing Turkey as a place for their big investment instead of Bulgaria is a top story on every media here.

Needless to say that Bulgarians are sh*tting blood because they had high hopes that they will get the plant.

Now all of them on social medias and forums hope for American and EU sanctions that will turn Turkey into a second Venezuela and for Germans to be hit by all kinds of bad things and disasters too while VW goes bankrupt etc.

Though still there isn’t an official confirmation from VW about their final choice etc so let’s not celebrate.

In mid August.

 

[Killuminati]

Where are the people that blaming Turkey for making good relationship with Qatar?

 

[Exxxe]

Turkey's unemployment rate falls to 13% in April

Turkey's unemployment rate dropped to 13% in April, down 1.1 percentage

https://www.dailysabah.com/economy/2019/07/16/turkeys-unemployment-rate-falls-to-13-in-april

 

[Deliorman]

It is interesting that yesterday the Central Bank lowered the interest rate with 4,25% to 19,75%. That’s the first lowering of interest in 7 years.

Today the Lira is even gaining ground against the world currencies and is up with 1%. Let’s hope that the good news continue.

 

[KediKesenFare3]

It is interesting that yesterday the Central Bank lowered the interest rate with 4,25% to 19,75%. That’s the first lowering of interest in 7 years.

Today the Lira is even gaining ground against the world currencies and is up with 1%. Let’s hope that the good news continue.

It's mainly because the harsh expectations regarding American sanctions have been proven wrong due to Trump's hesitation.

Plus:
(...) Right now, people are expecting a lower interest rate - even investors. This is important to know because lowering the rate now means that Turkey is finally following a predictable and rational monetary policy(...)

I've access to the investors community

Our interest rate is still incredibly high compared to others:

https://en.m.wikipedia.org/wiki/List_of_countries_by_central_bank_interest_rates

 

[Kamil_baku]

It is interesting that yesterday the Central Bank lowered the interest rate with 4,25% to 19,75%. That’s the first lowering of interest in 7 years.

Today the Lira is even gaining ground against the world currencies and is up with 1%. Let’s hope that the good news continue.

you were all against those policies.. Thats why i like Erdogan, he says and do it..

 

[Deliorman]

you were all against those policies.. Thats why i like Erdogan, he says and do it..

When I am not right but I see something is good I appreciate it.

As simple as that. Still it won’t change the thousand other mistakes some people did and continue to do.

 

[what]

If the sanctions come (and I think it will) they will be raised sharply again. Meddling with the central bank policies is usually stupid.

 

[rajvoSa]

Syrians expand Turkey's outreach in children's garment sector

The Turkish children's garment industry has expanded its export markets and customer base with the entry of Syrian manufacturers to the domestic market as producers, drawing their own buyers

https://www.dailysabah.com/business...-turkeys-outreach-in-childrens-garment-sector


Turkish lira hits 4-month high against dollar

The Turkish lira hit a four-month high against the U.S. dollar on Tuesday, reaching 5.54.
https://www.dailysabah.com/finance/2019/07/30/turkish-lira-hits-4-month-high-against-dollar





https://www.dailysabah.com/finance/2019/07/30/turkish-lira-hits-4-month-high-against-dollar

If the sanctions come (and I think it will) they will be raised sharply again. Meddling with the central bank policies is usually stupid.

Trumps admin is doing the same, putting pressure on Fed to cut the rates. When Fed cut rate comes this week, excpect lira to jump even more. Big part of Turkish economy hardhsips essspecialy in the banking sector came as a result of Fed raising its rates dramaticly,

 

[Exxxe]

Western allegations over Turkish economy debunked a year after lira plunge

It's 1 year after the big Turkish lira blowup of 2018, the lira is 25% stronger than its worst levels, rates are at 18 month lows, and as usual Turkey has defied repeated predictions of economic collapse

According to Turkey's detractors a year ago, a deposit run would crush the Turkish banking system, the sovereign would default, and Erdoğan would impose capital controls & go cap in hand to the IMF by now," he added.

"Instead, precisely none of that has happened," Slaughter wrote.

https://www.dailysabah.com/economy/...ish-economy-debunked-a-year-after-lira-plunge

 

[what]

Lira was at 4,5 for an € beginning of 2018 and now its at 6,2. Great success not.