Turkish Economy - News & Updates

[hyperman]

https://www.aa.com.tr/en/economy/turkiye-aims-to-expand-its-position-as-global-logistics-hub-with-new-projects/4053029

Turkey will perform a massive update of her international and national railroads and corridors to became the regions greatest trade hub between 2027 and 2029.

Rail needs to be added and expanded into Syria and Iraq.

Pipelines as well. The Qatar Turkey gas pipeline should be built as fast as possible.

The conflict and the strait of Hormuz's closure has shows that Qatar cannot rely on LNG as its sole lifeline to getting Natural Gas out.

Qatar–Turkey pipeline - Wikipedia

en.wikipedia.org

 

[hyperman]

Cumulative real GDP growth from 2019 to 2026 for every economy above $800 billion...

India 46%
Türkiye 39%
China 39%
Taiwan 38%
Indonesia 30%
S.Arabia 28%
Poland 22%
US 18%
Brazil 16%
Australia 16% Korea 14%
Russia 13%
Canada 13%
Switzerland 13%
Spain 13%
Netherlands 11%
Mexico 8%
Italy 7%
UK 6%
France 6%
Japan 3%
Germany 1%

 

[Eşbah]

View attachment 215634

Cumulative real GDP growth from 2019 to 2026 for every economy above $800 billion...

India 46%
Türkiye 39%
China 39%
Taiwan 38%
Indonesia 30%
S.Arabia 28%
Poland 22%
US 18%
Brazil 16%
Australia 16% Korea 14%
Russia 13%
Canada 13%
Switzerland 13%
Spain 13%
Netherlands 11%
Mexico 8%
Italy 7%
UK 6%
France 6%
Japan 3%
Germany 1%

It's actually more impressive:

 

[Eşbah]

Global players reportedly race to secure place in Istanbul as alternative to Dubai - Türkiye Today

Rising security risks across Gulf prompt global companies to rethink their operations as new incentives make Istanbul more attractive alternative

www.turkiyetoday.com

 

[Eşbah]

"Our bilateral trade volume exceeded $38 billion last year. This year, we expect our total bilateral trade to increase by more than 10% and reach approximately $42 billion-$43 billion," Trade Minister Ömer Bolat said during an address in New York.

"This means that annual trade between the two countries will reach $50 billion within two years," he added.

Trade between the US and Türkiye is booming despite tariffs and Trump’s idiotic policies.

 

[Eşbah]

Highway network in 2005 vs 2015

 

[Ravenman]

Canada, Turkey forge trade and defense deals as Carney looks beyond US

AgenciesCanadian Prime Minister Mark Carney and Turkish President Recep Tayyip Erdogan announced a “strategic partnership” Thursday as Canada seeks to reduce its dependence on...

www.qatar-tribune.com

Free Trade Agreement and huge defence deals with Canada are coming

 

[Eşbah]

Türkiye's exports climb to $25.9B in October, trade deficit narrows

Türkiye's exports surged last month to post the highest-ever October figure, while imports were up only moderately, resulting in a narrowing trade...

www.dailysabah.com

 

[Ravenman]

https://www.arka.am/en/news/politics/armenia-and-turkey-have-transitioned-to-direct-customs-clearance-for-mutual-trade-mirzoyan/

Direct custom clearance for mutual trade established between Turkey and Armenia.

This a huge first step to open the borders again.

Aliyev is losing it now with his jewish nose.

 

[Eşbah]

Turkey to get Apple's first manufacturing academy outside US

https://appleinsider.com/articles/26/11/09/turkey-to-get-apples-first-manufacturing-academy-outside-us

 

[Eşbah]

Economy of Türkiye - Syria
@Ozturk1967Y
·
2h
Translated from Arabic
Turkish textile companies are leaving Egypt and returning to Turkey.

Turkish textile companies that moved their production to Egypt have begun returning to Turkey due to quality and supply issues.

Egypt’s low-cost labor advantage has lost its importance because of production quality problems and delivery delays.

Some companies are relocating their factories, orders, and production lines back to Turkey.

The companies’ return to Turkey is expected to help increase unused production capacity and create job opportunities.

Industry representatives are calling for increased incentives for financing, energy, and employment to ensure the companies’ return is permanent.