Turkish Economy - News & Updates

[Bismarck]

Turkey-Iran trade may be harmed by Tehran's ban on certain imports
DAILY SABAH WITH AA
ISTANBUL
PublishedJanuary 21, 2019
Iran's decision to ban the import of foreign products that are already produced in the country could bring exports to Iran to a halt, according to the Independent Industrialists and Businessmen Association (MÜSİAD) Tehran representative Fatih Çayabatmaz.

Textiles, white appliances, food, health supplies and cosmetic products are the main goods Turkey exports to Iran.

"The Iranian parliament's decision to ban the import of similar goods that are produced in the country to the extent of just meet the needs of the domestic market could harm trade relations between Iran and Turkey," Çayabatmaz said.

According to Çayabatmaz, some time ago, Iran banned the advertisement of foreign products, similar to the products already produced in the country, on all kinds of printed and visual advertising platforms such as televisions, radios, newspapers and billboards.

"With this decision, the Iranian parliament tries to completely block imports," he added. At Sunday's regular session, the Iranian parliament approved the bill, which prohibited the import of goods that are produced within the country and can satisfy the domestic market's need, by 164 affirmative votes against 12 negative votes until March 21, 2021.

Underlining that consumer goods constitute a major part of Turkey's exports to Iran, Çayabatmaz further said,

"Textiles, white appliances, food, health care products and cosmetics are the most sold products to Iran. Similar products are produced in Iran. With the decision by the Iranian parliament, our exports to this country could come to a halt."

In 2017, Iran's trade with Turkey reached $10.75 billion, according to the Turkish Statistical Institute (TurkStat). Turkey's exports in the said year totaled around $3.26 billion, while imports reached $7.49 billion.

The trade between the two countries stood at $6.04 billion in the January-July period of 2018 with exports totaling $1.5 billion and imports standing at around $4.54 billion.

He indicated that this decision should not affect the Preferential Trade Agreement that entered into force between Turkey and Iran in 2015, saying that the two countries made a discount on the tariff of some 200 products as a result of 10-year negotiations.

According to Çayabatmaz, Iran had previously banned the import of 1,339 products, with 61 of them being under the scope of the Preferential Trade Agreement.

 

[Islamic faith&Secularism]

https://twitter.com/x/status/1087808984013303808

 

[MKALE1]

https://twitter.com/x/status/1087808984013303808

.ötünden uydurmuş yine sözcü kafalı "barış akademisyeni" (terörist) biri.

Al işte teryağı fiyatı;
https://www.sanalmarket.com.tr/migros-tereyagi-500-g-p-b75c97
http://bim-a101-aktuel.com/a101-tereyag-margarin-fiyatlari-2018-pinar-milkten.html

Ülkenin ekonomik olarak zorluklar yaşadığı tabii ki doğrudur ama ekonomik saldırıya uğramış bir ülke olarak bu hükümet sayesinde iyi bile dayandık. Ekonomik saldırılar ile beka mücadelesinden vazgeçecek değildir bu millet. Bu berkin elvancı mezhepciye ve onun avanesi mezhebe kalırsa bu ülke işte o zaman bu millet ayvayı yer.

 

[TheMightyBender]

.ötünden uydurmuş yine sözcü kafalı "barış akademisyeni" (terörist) biri.

Al işte teryağı fiyatı;
https://www.sanalmarket.com.tr/migros-tereyagi-500-g-p-b75c97
http://bim-a101-aktuel.com/a101-tereyag-margarin-fiyatlari-2018-pinar-milkten.html

Ülkenin ekonomik olarak zorluklar yaşadığı tabii ki doğrudur ama ekonomik saldırıya uğramış bir ülke olarak bu hükümet sayesinde iyi bile dayandık. Ekonomik saldırılar ile beka mücadelesinden vazgeçecek değildir bu millet. Bu berkin elvancı mezhepciye ve onun avanesi mezhebe kalırsa bu ülke işte o zaman bu millet ayvayı yer.

Evet liste gercekci degil. 700 G kasar 21 TL demis ama ben 21 TL ye 700G kasar bulamadim sanal markette.

400 g kasar 23,45:
https://www.sanalmarket.com.tr/pinar-taze-kasar-400-g-p-9a29d7

 

[MKALE1]

Evet liste gercekci degil. 700 G kasar 21 TL demis ama ben 21 TL ye 700G kasar bulamadim sanal markette.

400 g kasar 23,45:
https://www.sanalmarket.com.tr/pinar-taze-kasar-400-g-p-9a29d7

http://bim-a101-aktuel.com/bim-kasa...tesi-ve-tadi-2019-aknaz-binvezir-kaanbey.html

 

[Bismarck]

Turkey-Iran trade may be harmed by Tehran's ban on certain imports
DAILY SABAH WITH AA
ISTANBUL
PublishedJanuary 21, 2019
Iran's decision to ban the import of foreign products that are already produced in the country could bring exports to Iran to a halt, according to the Independent Industrialists and Businessmen Association (MÜSİAD) Tehran representative Fatih Çayabatmaz.

Textiles, white appliances, food, health supplies and cosmetic products are the main goods Turkey exports to Iran.

"The Iranian parliament's decision to ban the import of similar goods that are produced in the country to the extent of just meet the needs of the domestic market could harm trade relations between Iran and Turkey," Çayabatmaz said.

According to Çayabatmaz, some time ago, Iran banned the advertisement of foreign products, similar to the products already produced in the country, on all kinds of printed and visual advertising platforms such as televisions, radios, newspapers and billboards.

"With this decision, the Iranian parliament tries to completely block imports," he added. At Sunday's regular session, the Iranian parliament approved the bill, which prohibited the import of goods that are produced within the country and can satisfy the domestic market's need, by 164 affirmative votes against 12 negative votes until March 21, 2021.

Underlining that consumer goods constitute a major part of Turkey's exports to Iran, Çayabatmaz further said,

"Textiles, white appliances, food, health care products and cosmetics are the most sold products to Iran. Similar products are produced in Iran. With the decision by the Iranian parliament, our exports to this country could come to a halt."

In 2017, Iran's trade with Turkey reached $10.75 billion, according to the Turkish Statistical Institute (TurkStat). Turkey's exports in the said year totaled around $3.26 billion, while imports reached $7.49 billion.

The trade between the two countries stood at $6.04 billion in the January-July period of 2018 with exports totaling $1.5 billion and imports standing at around $4.54 billion.

He indicated that this decision should not affect the Preferential Trade Agreement that entered into force between Turkey and Iran in 2015, saying that the two countries made a discount on the tariff of some 200 products as a result of 10-year negotiations.

According to Çayabatmaz, Iran had previously banned the import of 1,339 products, with 61 of them being under the scope of the Preferential Trade Agreement.

Now, you can follow USA/EU on Iran sanction, because there is nothing you can benefit from Iran. I guess USA will compensation your loss with Iran.

 

[Dai Toruko]

https://www.bloomberght.com/haberle...anligi-ihracat-beklentisi-artti-ithalat-dustu

 

[Yankee-stani]

Sectoral confidence in Turkey slips in January

Confidence in Turkey's services and retail trade sectors slipped while the construction sector rose in January compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Jan. 25.

The retail trade confidence index was 92.5 points this month, down 4 percent from December.

"Current volume of stock and business activity-sales expectation indices both decreased by 5.5 percent compared to last month to 111.6 and 89.4, respectively. However, business activity-sales index increased by 0.2 percent to 76.6," TÜİK said.

The services sector index fell by 4 percent to 78.3 in January from 81.5 last month, while the business situation, demand-turnover and demand-turnover expectation indices were lower during the same period.

Turkey's construction sector confidence index saw a rise of 2.5 percent month-on-month to 55.4 in January.

"In construction sector; current overall order books index increased by 18.2 percent compared to the previous month to 46.4. However, total employment expectation index decreased by 6.2 percent to 67.1."

Business sentiment

Meanwhile, the business confidence index increased from 91.5 in December 2018 to 93 in January, a 1.6 percent increase on a monthly basis, data from the Central Bank showed on Jan. 25.

The 100-point level on the index separates optimism from pessimism. Business confidencestayed in optimistic territory since the start of 2018 through to July last year. In August it retreated to 96.4 and further dipped to 87.6 in October last year. However, the sentiment index has steadily improved since then.

Four of the business sentiment survey’s eight main sub-indices recovered in Januarymonth-on-month, the Central Bank data showed.

The sharpest increase was registered in the sub-index measuring the expectations for production volume over the next three month. The related index increased to 106.6 in January from 93.7 in December.

The survey also suggested that businesses expect an increase in employment in the next three months while they also said they would increase their fixed capital investments over the same period.

Unemployment rate in Turkey increased to a 19-month high of 11.6 percent in October, according to the latest data from the Turkish Statistical Institute (TÜİK) released on Jan. 15.

sectoral confidence, Turkey, January, 2019

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Abandoned palaces




Burj Al Babas is a $200 million deserted housing developed in Turkey.
ADEM ALTAN/AFP/Getty Images
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"Some of the sales had to be canceled," Sarot's deputy chairman, Mezher Yerdelen, told AFP.
The developers stipulated that no modification would be allowed to building exteriors -- which explains the identical nature of each property.
There were also plans to build a shopping center, Turkish baths, cinemas and sporting facilities.

 

[CAN_TR]

WTF is this?

• 
  
  
  • Grotesque villas in Turkey’s west back on market after official permission
    

 

[UkroTurk]

Cheap credits?? Where do you live? In Turkish Lira Credit interest rates app 50%per year.

 

[Bismarck]

Time to stopp supporting Iran by Turkey. http://www.hurriyetdailynews.com/irans-import-ban-to-hit-turkish-firms-140667

 

[UkroTurk]

Time to stopp supporting Iran by Turkey. http://www.hurriyetdailynews.com/irans-import-ban-to-hit-turkish-firms-140667

Unfortunately external powers are trying to make discords are unavoidable. They are feeding from discords. Countries have learned to deal with it . We can keep relationship amid discords .

 

[Islamic faith&Secularism]

A chart of inflation in some products.

https://twitter.com/x/status/1090154271285411840

A simple comparison between Turkey and USA:

• Currency: Y

Min. wage in USA: ~10y/hour
Min. wage in Turkey: 8.13y/hour

Iphone X 64 gb in USA: 1.099 Y
Iphone X 64 gb in Turkey: 7.495 Y

• Working Hour for buying an Ipone X 64 gb

- In USA: 1.099/10= 109,9 hours

- In Turkey: 7.495/8.13= 921 hours.

 

[monitor]

Turkish economic development shown tremendous performance in last 16 year. GDP roses to 850 billion dollar from 238 billion in 2002 . While from 1975 to 2002 turkey attracted only 15 Billion dollar FDI ,but from 2003 to 2018 attracted 204 billion dollar FDI.

 

[SouI]

As you guys can see out of this bubble-burst (or boom-bust) graph of constant-priced GDP, in the long term economies tend to scale upward in an exponential curve.

That is because real economic growth in the long run tends to be the same.

But while 5% economic growth of 1000B leads to 1050B, the next year's 5% growth will lead to 1102.5B, and thus exponential.

Our economy is expected to stay in recession for at least two years. That would be 2021 as the ending.

AKP came in 2002, that would be a 19 years of governance with at least the current gdp levels.

As you can see from the graph our gdp was fluctuating around (due to the keynesian economic policies that I dont support) $175B. And the latest data isnt in, but it is seen that we were going for the boom cycle's edge in 2017 (due to the negative real interest rates our smart government was running), and now it is obvious that we are experiencing that cycle's bust part.

And Id say the bust would be at around $400B in the best case scenario.

So ok, now lets do the simple math:

Average growth = (root*19)(400B / 175B) - 1
= (root*19)(2.286) - 1
= 1.044 - 1
= 0.044
= 4.4%

As you guys can see, what they did was not extraordinary in the slightest.

An emerging economy growing 4.4% annually is not something to be surprised about.