Turkish Economy - News & Updates

[Nein]

Why is it so expensive??

 

[UkroTurk]

Brace for impact!

National bank last reserve comes from SWAP operations infact all reserve is short-term loan moreover the bank is accused of using money of other's accounts.

https://tr.sputniknews.com/ekonomi/201905131039028543-aktas-merkez-bankasi-dovizini-sifirladi/

https://m.dunya.com/kose-yazisi/dovizde-tehlikeli-operasyonlar/445021

 

[Elvin]

When I visited Turkey in 2012 1USD was roughly 2TL.. now it is more than 6, time to buy an apartment and hold it or go there any buy gold.

 

[what]

buying gold makes no sense, you still effectively pay the same price that is determined on the international markets.

 

[Bismarck]

Turkey should start reforms immediately: Business body
Economic reforms to raise confidence in short period, says head of Turkish Industry and Business Association
Elif Ferhan Yesilyurt |15.05.2019

ISTANBUL

Reforms in capital and labor markets, taxation, and education should start without delay, the head of a Turkish business body said on Wednesday.

"Even if these reforms will bear results in the medium term, they will produce confidence building effects in the short term," Simone Kaslowski, the Turkish Industry and Business Association (TUSIAD), told a high advisory meeting in Istanbul.

TUSIAD will support the program of the economy administration, and its steps for reforms, he said.

Kaslowski underlined that the next four-year period until the next elections in Turkey was a great opportunity for realizing structural reforms.

"The whole society should focus on Turkey’s agenda and structural solutions by putting our political differences aside," he said.

In the global area, a “cold fact” stands before Turkey in different areas, including technology, energy, transportation, security, and foreign policy, said Kaslowski.

“[It is] to swing Turkey’s compass towards the EU and taking firm steps accordingly.”

The main aim of TUSIAD is to see a competitive Turkey with a strong economy, he added.

Macroeconomic stability, strong institutions, the rule of law, and high democratic standards are essentials of sustainable development, Kaslowski said.

"Wherever these standards are met, sustainable development, investment, production, employment, productivity, and digital transformation are possible, and these are our responsibilities."

TUSIAD, established in 1971, represents around 4,500 companies with its nearly 700 business-people members.



*Writing by Gokhan Ergocun

aa.com

 

[Islamic faith&Secularism]

The unemployment rate in Turkey: %14,7

The total unemployment rate in Turkey, February 2019: %22,1

The unemployment in Turkey, February 2019: 4.730 million

The total unemployment in Turkey, February 2019: 7.105 million

The Fired people in the last 1 year: 800.000

The New Business Start: - 25%

The Business Close: 20% raised


The Turk Statistical Insititute defines unemployment as such:

• If in seek for a job for only the last 4 weeks, if less or more not unemployed.

 

[TrMhMt]

Many analysists say that Turkish economy will shrink in 2019.

 

[GlobalMillitary96]

https://www.aa.com.tr/en/americas/turkish-agency-distributes-ramadan-aid-in-argentina/1481773

Millions of people in Turkey are barely able to afford food dur to rising inflation and then their tax money goes to feeding people in Argentina... one of the most wealthy countries in south America.

I understand that it's only a small amount in this case. But the Turkish government keeps on wasting money on others while not giving a sh!t about their own citizens.

 

[Constantinople]

Turkish Economy is going down and then a shit man decided to repeat Istanbul election.. Btw Turkey is now out of G20 https://ceoworld.biz/2018/12/28/gdp-rankings-of-the-worlds-largest-economies-2019/

 

[GlobalMillitary96]

Turkish Economy is going down and then a shit man decided to repeat Istanbul election.. Btw Turkey now is out of G20 https://ceoworld.biz/2018/12/28/gdp-rankings-of-the-worlds-largest-economies-2019/

My god.. we are out of G20.

Hope all these AKP idiots are happy.

They will continue with their bullsh*t excuses such as "outside forces are bringing our economy down".

 

[TrMhMt]

Turkish Economy is going down and then a shit man decided to repeat Istanbul election.. Btw Turkey is now out of G20 https://ceoworld.biz/2018/12/28/gdp-rankings-of-the-worlds-largest-economies-2019/

Last year I was saying that "if Türkiye continues it's economic performance bad like that there is a risk to be out of G20". And it is happened now.

 

[CAN_TR]

It's because foreign powers you traitors...

 

[GlobalMillitary96]

It's because foreign powers you traitors...

 

[TrMhMt]

It's because foreign powers you traitors...

You are laughing but in Turkiye millions believe that. I always say that political islam is a threat for us and for the future of Türkiye. In the past they gave us the life what we are living right now. Nothing different.
Luckily young Turks can see the reality despite the elderly(dinosaur) Turks. That's why I still have hope.

 

[TrMhMt]

Turkish economy getting worse and worse day by day. End the effects of it started to be seen. A couple of days ago a husband murdered his own wife just because he didn't have money to buy some groceries from the fresh market. Today a guy who set himself on fire last weak lost his life in hospital.

He was unemployed for a long while and having psychological problems due to be unemployment.

We are gonna see more and more in future the tragic things happen to people in Turkiye as the economy goes deep and deeper down.

https://www.sozcu.com.tr/2019/gundem/is-bulamadigi-icin-kendini-yakti-4865021/