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Turkish Economy - News & Updates

What is the driving force behind Turkish Economic problem?

  • The on going Trump attack on Turkish Economy

    Votes: 29 19.9%
  • Jewish Agenda to weaken adjacent countries to Israel

    Votes: 36 24.7%
  • Internal Turkish economic problems

    Votes: 50 34.2%
  • Falling Exports for Turkey

    Votes: 5 3.4%
  • Loss of Tourism income for Turkey

    Votes: 1 0.7%
  • External Loans or Debt impacting Economy

    Votes: 25 17.1%

  • Total voters
    146
Turkeys agricultural is very ineffective.They have much more potential.
 
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Yeah its true, our agriculture is still largely unproffessional and ineffective, depends on the ability of ordinary peasants.
 
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Sera is shareholder of TAV Airport Holding and TAV Building...

SERA Group; inşaat ve havacılık sektöründe Türkiye'de pazar lideri konumunda olan TAV Havalimanları Holding’in; TAV İnşaat ve TAV İnşaat’ın bağlı bulunduğu tüm kuruluşların ve Dünya’nın en büyük araç ve deniz yolu yolcu taşıma şirketlerinden İstanbul Deniz Otobüsleri (İDO)'nun ortağıdır.

Look at Sera com tr
 
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Yeah its true, our agriculture is still largely unproffessional and ineffective, depends on the ability of ordinary peasants.

And as a person who knows an agricultural engineer..... not only ability, also mindset
 
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Turkey expects economy to grow despite recent protests

Deputy Prime Minister responsible for Economy Ali Babacan has said Turkey’s economy grew by 4.1 percent last year, which is the highest in Europe.

Turkey expects its economy to grow by 3.3 percent this year despite the recent violent protests in the country, Deputy Prime Minister responsible for Economy Ali Babacan said Sunday.

Babacan made the remarks at a meeting of the provincial advisory councils in Turkey's western province of Izmir.

"Despite all this troublesome period, Turkey grew by 4.1 percent last year, which is the highest in Europe," deputy he said. "We expect a 3.3-percent growth this year, which we guess will again be one of the highest in Europe."

He said the Turkish public and the business community remained confident about their country's progress.

"All the international confidence indexes show us that the confidence of our citizens and businesspeople is the high tide of Turkey," he said.

He hinted that there were certain elements in and outside Turkey, who were “uncomfortable” with the country becoming “a symbol of peace” in the region.

Referring to the tensions in neighboring countries Syria and Iraq, the deputy prime minister said the ruling Justice and Development Party, or the AK Party, was moving towards ensuring the “stability of Turkey.”

He urged Turkish citizens to remain calm against any provocation in the country and said there were efforts of driving Turkey into internal disorder with the latest Syrian town of Kobani issue.

Recently, violent pro-Kurdish protests had broken out across Turkey under the pretext that Ankara was doing nothing to halt the advance of extremists pouring into Kobani just a few kilometers across the Turkish border.

The demonstrations left at least 38 people and two police officers dead along with scores of vehicles, state buildings, party offices and shops damaged.

On Saturday, three soldiers, Sergeant Ramazan Gulle and Private Officers Yunus Yilmaz and Ramazan Kose were killed by masked men in Turkey's southeastern province of Hakkari.

"These are all assassination of Turkey's inner peace and environment of confidence," Babacan said.

He also touched on the country's “solution process” which is a Turkish-government effort launched two years ago to bring an end to the decades-long conflict with the outlawed Kurdistan Workers' Party, or the PKK. The PKK is listed as a terrorist organization by Turkey, U.S., EU and NATO.

"The solution process means that all Turkish citizens regardless of their ethnicity and religions will be able to benefit from the fundamental rights and freedoms, and will have a voice in the democratic system."

He stressed that all citizens can live in peace and tranquility under his party's "one state, one flag, one homeland, one nation" motto.

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Worldbulletin.net

And as a person who knows an agricultural engineer..... not only ability, also mindset
Could you elaborate on what that person said about the mindset? Like, what is the key difference between Turkish and, i assume, European agricultural industry?
 
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Could you elaborate on what that person said about the mindset? Like, what is the key difference between Turkish and, i assume, European agricultural industry?

In the Netherlands, Germany and France I have yet to see normal farms to be processed by hand, pretty much all of them have big chunks of land and own agricultural machines. In Turkey we have lots of small farms, but because of those sizes no one can really afford expensive agricultural equipment, this can be solved if we look at Israel, there are lots of small farms, but instead of processing it by themselves they put 1 person in charge and use the small farms as 1 big one and the profits will be shared among the land owners. Which in turn increasing efficiency.

When coming to mind-set, I mean the following, when as a Agricultural engineer you tell them the ways of how to be more efficient in farming, they will still continue their old habits and there is a general mood of, the less they have to work the better.

Comparison between the two can't really be done because of technical differences, If I followed it correctly big farms in turkey and getting the same results as their European counterparts
 
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In the Netherlands, Germany and France I have yet to see normal farms to be processed by hand, pretty much all of them have big chunks of land and own agricultural machines. In Turkey we have lots of small farms, but because of those sizes no one can really afford expensive agricultural equipment, this can be solved if we look at Israel, there are lots of small farms, but instead of processing it by themselves they put 1 person in charge and use the small farms and 1 big one and the profits will be shared among the land owners. Which in turn increasing efficiency.

When coming to mind-set, I mean the following, when as a Agricultural engineer you tell them the ways of how to be more efficient in farming, they will still continue they old habits and there is a general mood of, the less they have to work the better.

Comparison between the two can't really be done because of technical differences, If I followed it correctly big farms in turkey and getting the same results as their European counterparts
Thanks. That makes sense. It seems not only the agricultural industry, but Turkish industries in general really should start leaning towards a more efficient and high-tech & high value products oriented industry, more like that of south Korea if you ask me. It personally bothers me sometimes whenever i hear Turkey this, Turkey that in 2023, though having goals is absolutely important, while there is still untapped potential and inefficiencies in the economy.
 
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Thanks. That makes sense. It seems not only the agricultural industry, but Turkish industries in general really should start leaning towards a more efficient and high-tech & high value products oriented industry, more like that of south Korea if you ask me. It personally bothers me sometimes whenever i hear Turkey this, Turkey that in 2023, though having goals is absolutely important, while there is still untapped potential and inefficiencies in the economy.

From Turkish students in Netherlands who went to Turkey for their minor, they told me that the Turkish youth don't really take the initiative and mostly rely on their senior colleagues, Which is also a mentality that should change
 
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From Turkish students in Netherlands who went to Turkey for their minor, they told me that the Turkish youth don't really take the initiative and mostly rely on their senior colleagues, Which is also a mentality that should change
Interesting. Because Turks in Europe are generally known for their entreprenourship and preferring to take matters in their own hand. Isn't this the case with Turkey's Turks according to those Dutch Turkish students? What i also wonder is, do those Turkish youth in Turkey not take initiative because they are lazy or don't they take initiative because it's futile against the stubborn hierarchical old-heads? I once interned at a Japanese company. In short; workers were like robots taking order from managers. There was barely input from the workers, simply because the top boss (70y/o or so back then) wasnt interested in the opinion of its workers, so i was told by the workers. I bet this is probably the case in turkey as well, and i hope it will change through time.
 
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Interesting. Because Turks in Europe are generally known for their entreprenourship and preferring to take matters in their own hand. Isn't this the case with Turkey's Turks according to those Dutch Turkish students? What i also wonder is, do those Turkish youth in Turkey not take initiative because they are lazy or don't they take initiative because it's futile against the stubborn hierarchical old-heads? I once interned at a Japanese company. In short; workers were like robots taking order from managers. There was barely input from the workers, simply because the top boss (70y/o or so back then) wasnt interested in the opinion of its workers, so i was told by the workers. I bet this is probably the case in turkey as well, and i hope it will change through time.

Self confidence, they think that the seniors know better and thus are holding back their own opinion/initiative
 
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Road Map of Privatization is Announced | IFCTurkey.com

Mehmet Şimşek, Minister of Finance said that the government is going to withdraw from many areas in the coming era and these areas will be transferred to private sector for more efficient operation.

Şimşek stated the aim of privatization policy as follows:

-Creating a more efficient operation
-Increasing employment
-Creating competitiveness in the sectors
-Increasing quality
-Creating a structure that everyone will benefit from.

Şimşek said that the government has withdrawn completely from many sectors, especially petrochemicals, iron and steel, refinery, alcohol and tobacco, electric distribution. He also stated that the government's share in banking, insuring, telecommunication and air transportation fell.

The government is going to withdraw from lottery completely.

After the legal arrangements the privatization process for horse races will begin.

Areas to be privatized:

-Electric generation plants
-Highways and bridges
-Some ports
-Facilities of Erzurum Winter Olympics
-Sugar factories (25 sugar and 5 machinery)
-Halk Sigorta and Halk Emekililik (the income to be transferred to Halkbank)
-Real estate and land
-Güllük Marina
-Cable TV operations of Türksat
-BOTAŞ transfer lines
-% 49 of public shares of TEİAŞ
-Public offering of TPAO
-Haydarpaşa Project, services of weighs and measures
-Sulfuric and boric acid factories of Eti Maden (awaiting approval from the Ministry of Energy and Natural Resources)
 
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Exports increased 4,6 imports decreased 0,2... So trade balance deficit decreased 8,4...

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@Sinan

About acriculture, for example. We harvesting on 1 ha 1t tomatoes and Turkey only 300 kg. Many reasons could be root causes. Wrong ground or false fertilizers...
 
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