Can foreign money save Turkey's economy?
Turkey has become a top destination for wealthy Gulf tourists injecting much-needed dollars into the country’s economy. But tourism is only a fraction of the capital pouring in from the Middle East.
Between 2016 and 2019, Qatar increased its investments in Turkey by nearly 500%, replacing countries like Germany and Russia as its second largest foreign direct investor.
Toward the end of 2021, a policy of détente toward Saudi Arabia and the United Arab Emirates began, allowing Turkey to secure accords worth billions of dollars with its former rivals.
“Turkey has big gross external financing needs, which is basically demand for dollars,” said Timothy Ash, an emerging markets strategist at BlueBay Asset Management.
“It was logical to go offshore. Go abroad, try and find someone to give them the dollars.”
Since 2019, the Turkish central bank spent more than $100 billion to keep the lira afloat due to an ongoing currency crisis.
Gulf states offered relief, either in the form of currency swap lines or direct deposits. But critics warn these short-term measures to boost foreign exchange reserves may not cure the country’s chronic problems.
“Turkey is spending more than it can and it should. It borrows money from the so-called friendly countries to finance its short-term capital needs. This obviously cannot continue for a long time,” said Bilge Yilmaz, chief economist of the opposition Good Party.
Watch the video to understand why Turkey needs Gulf money.
#CNBC #Turkey #Erdogan #MiddleEast #SaudiArabia #UAE #Qatar #Egypt
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Пікірлер: 471
Nice to see Middle Easterns countries helping each other instead of fighting wars
@GuruKhatri1
Жыл бұрын
@@Yigit-- go learn geography and history. Turkey is in the Middle East and Turkish language came from Central Asia.
@GuruKhatri1
Жыл бұрын
@@Yigit-- 🤣 98% on Asia and 2% Europe makes Turkey Eurasian.
@lou6749
Жыл бұрын
@@GuruKhatri1 yo bro wassup smoke a doobie first this way you have an excuse for your silly comments 😂😂
@malingrer7208
Жыл бұрын
Nobody helps noone dude.
@user-ry2qs7xf9k
Жыл бұрын
Middle Easterns countries are not fighting each others.
Here is an idea: How about turkey fixes its own economy.
@cwalenta656
Жыл бұрын
Indeed, somehow governments get fixated on funny money games that DON'T work.
@ALBERT-oj1vn
Жыл бұрын
Exactly and totally agree with you. Gulf money comes with political caveats also that effects the neutrality of Turkey with its neighbors also. We are talking about Arab creditors that are ruled by totalitarian and extremist heads of state that cares nothing human rights or liberal values.
@user-qx9zn2cj4e
Жыл бұрын
@@ALBERT-oj1vn dingdong take. What money doesn’t come with caveats. Totalitarian heads of state didn’t invade Iraq, Libya and Syria to steal their oil- democratic western heads of states did.
@Kiki-en9vm
Жыл бұрын
Exactly.
@kasbas5922
Жыл бұрын
@@ALBERT-oj1vnErdogan IS the problem, plain and simple !!
🇹🇷 🤝🏻 🇦🇷 Financial mismanagement
@turan2815
Жыл бұрын
We are not like you
There has been an opening to Saudi- Turkish relations. So I expect more economic cooperation
@jkardez4794
10 ай бұрын
The day its economy improves it will start scratching again.
Relying on money from other nations is a bad idea.
The speed of rising interest rates have caught nations with debt off guard. The rise makes payments more expensive especially those with poor credit ratings. Investments are reduced in those areas making it harder to generate business and pay off obligations to creditors.
@Rehmaatesh
Жыл бұрын
True.
@AKMShahabuddinJahour-fl5dr
Жыл бұрын
lP
Saudi Arabia been helping them and they deny the support, they don’t even deserve anything. Ungrateful
@Jam-ku5tf
Жыл бұрын
Why Saudi cut ties with Qatar ?
@SquaredCircIe
Жыл бұрын
Stop attacking Yemen and shtfu
@ArabianQuirkSA
Жыл бұрын
@@SquaredCircIe we never attacked yemen. We only helped Yemen against Iranian backed houthi rebels
@user-xn7tq6wy6z
Жыл бұрын
@@ArabianQuirkSA Religion is the cause of ALL wars and conflicts ALL religions should be banned
@aqeel-3771
Жыл бұрын
well you should know that they didnt like ulot breaking up their empire if you dont know.
Nice and informative video, had no idea the situation in Turkey was so dire.
Turks are my brothers and sisters. I'm going to Turkey Antalya 🇹🇷 in August 2023 to support their economy.
@aligenc659
Жыл бұрын
where are you from bro?
@johntresca8531
11 ай бұрын
@@aligenc659 Pakistan
@leo-rf7ef
11 ай бұрын
Pakistan supporting turkey, poor fellow
@jkardez4794
10 ай бұрын
Misery seeks company.
@2msvalkyrie529
5 ай бұрын
Yeah.....things must be REALLY bad..?!?
Short answer: because Turkey doenst have money. Bye
@lou6749
Жыл бұрын
Turkey doesn't have money but they have alot of religious beliefs 😂😂😂 religion doesn't work ..
@user-el6xm2pk7x
Жыл бұрын
@Lou your an idiot actually Turkey is an expanding and growing economy Look at the West mate collapsing before your eyes...I hope you can actually read graphs If you think his economic policy of reducing interest rates was stupid you better look at Argentina with dammm high interest rates and inflation rates is high as well...why you think Argentina is turning towards BRICS
@mahimjr1971
Жыл бұрын
@@lou6749 money itself a belief
@nicoleabdi9631
Жыл бұрын
@@lou6749 religion work for Qatar uae,dubai, and other gulf countries lol
@lou6749
Жыл бұрын
@@nicoleabdi9631 religion works for these nations you mentioned and more if they want to play the leader it's a cult 😂😂
Falling of lira is temporary and superficial. Turkish economy have great chance to become to top economy in Europe
@KGDHMF
Жыл бұрын
As long as that maniacal dictator is at the helm I highly doubt it.
@tenshimx2163
Жыл бұрын
Asia* Only 2% of Turkey is in Europe.
@americandreemdreamer8901
Жыл бұрын
@@tenshimx2163 you are right. We are going take over some old lands
@utku_baloglu
Жыл бұрын
@@tenshimx2163 thats 3% but also more than a lor of countries in europe. Keep crying
@SA-gf3th
Жыл бұрын
In your dreams bro. They gonna go like greece
Turkiye should make Agreements with All Arab Countries to CONCLUDE Currency Swap....
When Türkiye solves energy issue there will be no more economic problem at all. Zengezur corridor is going to open soon, blacksea gas connection has just started a few months ago. And it is time to fix mediterranean sea energy issue. Not easy but we will succeed for sure..
@Jamirio
10 ай бұрын
Nothing will happen if Turkey doesn't fix its identity crisis, for a strong economy you need elites and money, researchers and R&D funds... Turks are being replaced by foreign assets...
Iraqis are the largest foreign investors in Turkish Property 🇮🇶🇮🇶
@awaiskhan9329
Жыл бұрын
Interesting
@Nur-nd3ij
Жыл бұрын
Because they are Türkmen not arab ones
@bob820
Жыл бұрын
@@Nur-nd3ij So? They are Iraqis. Also, plenty of us and other gulf Arabs have summer houses there. Particularly in Istanbul.
@istabraqrafea5432
Жыл бұрын
@@Nur-nd3ij You're mistaken. many of them are Arabs
@theguy9166
Жыл бұрын
@@bob820 if they are turkmens, then they are not iraqi.
Every countries need other countrys money. West and Isael also got their money from africa and other countries
brothers ❤️
The answer is no because ultimately here's the thing, Turkey needs to STOP playing FUNNY MONEY games. STOP. It doesn't work. Balance the budget, peg the Turkish lira to some kind of currency board. Turkey isn't just a great country, it is an absolutely FANTASTIC country (I've been there) and should be far far wealthier. Sound money and Turkey will quickly rise and be at least as wealthy as many parts of the EU.
@davidyolchuyev2905
Жыл бұрын
With the current religious government I don’t see that happening
@cwalenta656
Жыл бұрын
@@davidyolchuyev2905 I agree but honestly not necessarily because of the religion. Yes, Erdogan cites Islam with respect to interest, I get that, but honestly government doing same in Argentina really. But yes, ultimately it has to fail and then they need to lay the foundation for better in places like Europe.
@user-ry2qs7xf9k
Жыл бұрын
no Americans need to STOP playing FUNNY MONEY games.
@napolien1310
Жыл бұрын
@@davidyolchuyev2905 it isn't as religious as the media portrait it to be. That's acting for the Turkish people and other Islamic specially Arabs, we saw through it but a lot of people like him, the media coverage by Al-Jazira and the Islamic brotherhood movement was huge in the middle east. He say interest rates is not Islamic and the enemy of economic growth...etc and the media go wild with it, meanwhile his own government is the one that benefited from it before the American sanctions, and what kind of Islamc party pases laws to protect the rights of LGBTQ and prostitution to appease the EU!! He appear as the saviour of Syrians refugees for the Arabs meanwhile threaten the EU of sending the refugees towards them if they didn't support him financially to contain the refugees.
@ImranKhan-en5se
Жыл бұрын
@@user-ry2qs7xf9k learn to take criticism from someone more educated than you ....not all non muslims are enemies of islam ........you fool he is speaking truth .
Much informative
In long years turkey isolated it self from the region but now they realized that they arent european and nato doesnt want them anymore
@halilercancakmak4884
Жыл бұрын
We are European and and westernized. You will see after this election
@skp8748
Жыл бұрын
Nato is useless without turkey
@Goyim-phobic
Жыл бұрын
lol turkey is literally one of the most important countries in the NATO due to its strategic value
@napolien1310
Жыл бұрын
@@Goyim-phobic you are an Arab right!? I think I've seen you commenting somewhere in Arabic. Anyway yes they are important to Nato because of how close it is and the fact they can close the Marmara strait, but now they kinda have Ukraine Finland and the three Baltic countries, as for the strait they have Greece, and Nato have a number of problems with Turkey when they bought the Russian Rockets.
@Goyim-phobic
Жыл бұрын
@@napolien1310 yes I'm arab
Turkish gulf relationship cracked western foods sadly
@jacobjonm0511
Жыл бұрын
which gulf is it?
Turkiye is running out of money, the money will keep falling because of those economic choices, if Turjiye don"t change these strategies it will be realy bad.
@lolscape6988
Жыл бұрын
❤äåå
Aferin kiza bu aksanla kapmis isi
Bad relationships w every neighbor that’s Fact begging for money 💰 Mr erdog 😅
Much love and prosperity 🇹🇷❤️💯
Always did from 1900 Turkey has been rescued economically by west money which eventually cost them empire . And that would be always the case.. The only thing that Turkey has is it geopolitical location. Nothing else even Turkey is taking huge advantage of this situation still would be vulnerable cause Turkey hasn’t got anything to off-the-peg world.
@abdulmalikissah6979
Жыл бұрын
What nonsense is this, don't you know that turkey is amongst the world leading producing textiles, cars, military equipment, agriculture and many more, this big projects your country can only dream, recently turkey discovered gas which they started pumping now, those Arab countries do not produce anything but importing, those arab countries now they are buying turkish drones and other military equipment, turkey is among g20 big economies, economic crisis is everywhere even in the uk
@theguy9166
Жыл бұрын
@@abdulmalikissah6979 What? agriculture? NOT.
@Jamirio
10 ай бұрын
Turkey was a self sufficient country since 1930 despite its bad economic performance...
For Turkey to move away the western financial system , which is used to manipulate the Turkish currency The Bric's financial system is the future for global South , away from the USA and Anglo-Saxon hegemony
@stevenhenry5267
2 ай бұрын
Hahahahahaha
CC guys: It's "rapprochement", not "reproachment" (not a word anyway).
@adinitum4168
Жыл бұрын
I stopped the video due to her horrible English. What a waste of time.
I need some net Errors and Omissions in my bank account
Which Islan do trukey follow???What is riba?????
@Valuable34
3 ай бұрын
Turkish banks refuses all of the Russian company and/or related companyies!!!! This is so important for the Russian economy…
0:45 wtf is that map? are you trying to imply something by having countries takes big chunks of KSA?
Turkey neighbors non of them like Turkey.
Kinda wrong on luxury goods, there is so much tax it’s basically cheaper everywhere else
All European and the USA ARE RELYING on loans from other countries and mainly the USA.Japan is at 4 quadrillion loan
People from South Africa has been going to Turkey above any other country and we all in South Africa are banks allowed us to buy foreign currency is so lot of our people buy currency in Turkey now that his team are not work if that is one of the reasons
TURKEY NEED LOT OF THINGS. back in 96, Erbakan made a deal with iran where turkey imported gas was cheap. Erdogan canceled that deal and made a deal with russia where it cost 100 times more. All bc thats what USA and Israil wanted
@macrobianson2g
Жыл бұрын
And now the Turks are finding gas in their country and the 100-year Lussane deal will end the Turks future look beautiful and rich
@basharatali9946
Жыл бұрын
Now Russian oil and gas is cheapest in the world
@ebubekirbinici6031
Жыл бұрын
@@basharatali9946 not for turkey. never was never has been. He made gas "free" during the summer time lmfao. people like you YOU ARE THE PRONBLEM
Turkey always bounces back. No worries.
That makes one really sad. Everything done only to save the position. Short term and wrong steps to solve severe economic problems.
@usg4357
10 ай бұрын
Almost as if there is an ulterior motive🤔
Why Erdugan said bye bye IMF
Arab money cant save Turkry s economy but it helped Erdoğan save his chair
Some how we know who is behind LIRA fall 🤣🤣🤑🤑🤑
The most important job is to enroll Erdogan immediately into a decent school .
What kind education Erdogan has/ done???
@HmmM-wn1dx
Жыл бұрын
News says he is not educated , making decisions based on his ego.
@turan2815
Жыл бұрын
University in Istanbul
Only new technologies and new developments in Self development in Science and new ways to do business will save Turkey.
It could if Turkey changed whatever it's doing wrong now.
@aminuaidara8601
Жыл бұрын
Washington is going through the same even shutting down some of their Banks I guess they're doing something wrong too especially when countries are not that thirs of the dollar 😂😂😂😂😂😂
Whoever follows Saudi Arabia in the Middle East will achieve stability and economic growth. Once Erdogan turned against MBS and the kingdom, his country suffered an economic crisis. I'm not biased but it's all facts. Saudi Arabia has the wealthy GCC countries under its umbrella + the closest strategic ally of the US + the closest economic ally of China + the leader of the most valuable resource on the planet along with Russia (OPEC +). Huge deals and investments in the EU, India and Egypt. Whether you like Saudi leaders or not, but you must admit that the leaders in the Kingdom know how to play chess in politics and use their money well to gain more power on the world stage. For example, Libya, Iraq, and Iran each one of them has more oil than Saudi Arabia, but they do not have a wise leadership that uses all these resources with mentality and balance!
@QUINTUSMAXIMUS
Жыл бұрын
Turkey was going down since 2017 so before even problems with Saudi Arabia. They used to hundreds of billions invested from Europe, but Erdogan kept fighting with Europe, so the big companies in Europe, reduced their investments.
@naz0004
Жыл бұрын
@@QUINTUSMAXIMUS I agree with you about EU ,but Saudi and Turkey been fighting since 2011-12 when Erdugan supported Arab spring specially in Egypt , then Saudi supported who's ruling now Alsisi .
@napolien1310
Жыл бұрын
@@QUINTUSMAXIMUS Turkey's problems with Saudi Arabia really started after he supported Qatar when Saudi Arabia cuts off its relation with Qatar and that's in 2017
@napolien1310
Жыл бұрын
@@naz0004 I've seen a report that say Saudi Arabia supported Egypt's economy between 2011-2012 with 4 or 5 billions so saying they didn't like or supported the overthrow of the government doesn't have bases, but not denying their appreciation or support of the new government or the fact they didn't like the Muslims brotherhood taking over.
@ArabianQuirkSA
Жыл бұрын
You’re completely right
Ai tuekey is the last straw that will determine which way the world goes
Turkish economy grew more high than the last 15 years.
@user-xn7tq6wy6z
Жыл бұрын
Then why is Turkiye in financial crisis now ?
@suchendnachwahrheit9143
Жыл бұрын
And it could collapse more than ever before this year.
@serayca
Жыл бұрын
@@user-xn7tq6wy6z Usa is manipulating Turkish economy .They do the night shift in America ,England and Switzerland taking all dollars from Turkey market then they put back couple of days later..This happening last 10 years...Banks belong to Jewish people...
which Gulf are you talking about?
@ziyadpepe6291
Жыл бұрын
The Arabian gulf The one Between the Arabian peninsula and nomen land
@jacobjonm0511
Жыл бұрын
@@ziyadpepe6291 cannot find Arabian Gulf on the map
no it's Turkiye, remember? they change their name a year ago, how dare you call them Turkey LOL😅
@sametsamet-sr3nj
Жыл бұрын
It is Türkiye ;)
@emreyldz4324
Жыл бұрын
I as a Turk still call it Turkey. I think the cause is Erdogan doesn't know English and he wants to change it because Turkey means also an animal name in English. If you don't have a inferioty complex against this word you would not change the name. This name was given to us, our country and state by one of the most wisdom cultures on earth, Veniceans. I accept it. And proud to say i am Turkish and from Turkey.
@jazairihilali6252
Жыл бұрын
Turkyia
@RiotForcess
Жыл бұрын
@@emreyldz4324 dont be that stupid
Nothing new. Every country in the world since history will do whatever it must to benefit
its in turkeys best interest that they listen to messenger boy Crown prince and come inline with the policies set by the big elite group and improve their economy.
Again what is riba???
Yes turkey❤❤❤
Short answer: No.
Their dollars? Haha!
We as citizens of Indonesia 🇮🇩, Malaysia🇲🇾, Brunei Darussalam🇧🇳, Singapore 🇸🇬 Maldives🇲🇻 FULLY SUPPORT MR.PRESIDENT (RECEP TOYYIB ERDOGAN) WE LOVE YOU TURKIYE 🇹🇷 And MR.PRESIDENT ERDOGAN 🇮🇩🇲🇾🇧🇳🇸🇬🇲🇻 ❤️🇹🇷 From PACIFIC ISLAND Not Only MUSLIM , Jews Orthodox and Ultra orthodox, Christian Orthodox WE PROUD TO YOU, RETURN THE EAST'S GLORY FROM (THE WEST COUNTRY) From Colonize
@utku_baloglu
Жыл бұрын
Do not support any politicians, just wish the best for country
@user-xn7tq6wy6z
Жыл бұрын
How much did Erdogan pay you to make this comment ?
@nostaljiturkce
Жыл бұрын
We will stop fascism and colonialism together when we stand against them together. We are many sharing and caring the love and the wisdom.
@sco6729
Жыл бұрын
So true. Please send some money monthly to Erdogan. we go bankrupt because of the conservative populism of Erdogan it's time for you to pay for it. 🤑
@d.a.31
Жыл бұрын
Why, he's Turkish. What business do you have with Turkey that you're singing praises, they're not Easterners either. Which East are you talking about?
I'm not feeling this AI narrator lol
US, EU, Gulf, china, india, Economic is best
The economic problems are everywhere in the word and we see all problems in USA and Europe because the energy is to expensive but in any years we see more :-))
Love Stambul 👏
@stevenhenry5267
2 ай бұрын
Constantinople
love islamic power from bangladesh.
Why Europe needs help from USA. Same thing
We better save it. They have the 2nd largest military in nato. Wouldn’t want that power to fall into a maniacs hands
EU might be in need of foreign money much more then Turkey in next years!
So erdogan finally had to bend the knee.
@gokucougar
Жыл бұрын
We the OTTOMAN are coming to bring real democracy to the World. You satans will knee INSAALLAH.
@ziyadpepe6291
Жыл бұрын
👑🇸🇦😎
Not anymore i guess
i see..................
Is not Gulf, It's PERSIAN GULF.
@wildan23b15
Жыл бұрын
*arabian gulf
@posdos6677
Жыл бұрын
hey Rober if you could meet me in dubai i will show you how its an arabian gulf and not Persian you keybord warrrior
@roberts3965
Жыл бұрын
@@posdos6677 No matter where you meet me Persian Gulf is the official name of it for thousands of years and is recognized by United Nations so you being an Arab person does not change the historical past, Sir.
What is this fuzz about Turkey needs money? Their debt to gdp ratio is half less than most of the european countries , 4 times less than Greece. Gdp growth is second in the world after China. If they need money they can borrow like other countries. Why dont you talk about already bankrupt European countries like Greece, Spain Italy England they are in debt up to their nose.
give back cyprus
It's called turkyia
@ziyadpepe6291
Жыл бұрын
🦃
Muslims UNITE! division makes us weak, we need to work together
Erdogan needs to find an alternative energy source and stop his reliance on foreign investments
@ebru34_
Жыл бұрын
Buldu, doğalgaz ve terörden temizlediği gabar da petrol buldu artık daha güçlü bir ülke olacağız.
Erdogan is a unique leader on the world stage.
@granivonderheide6346
10 ай бұрын
🤣🤣🤣
Kick him out 22 years was enough 😮
la turquie investit dans l armee au lieu d elever le bien etre de sa population . c est triste
Muslims unite under 1 flag
that's Persian gulf
@turan2815
Жыл бұрын
Basra gulf in turkish
@ArabianQuirkSA
Жыл бұрын
Arabian gulf
🎉🎉🎉
@Valuable34
3 ай бұрын
Turkish banks refuses all of the Russian company and/or related companyies!!!! This is so important for the Russian economy…
It’s not Golf,It’s Persian golf
@ziyadpepe6291
Жыл бұрын
It the Arabian gulf Go back to Afghanistan cave man
Turkey: Sends F16s to Qatar. Saudi Arabia: Sends a truck of Money to Turkey
job chores and circumcison hallal chicken and beef...............
I feel very sad for Turkey 🇹🇷🇹🇷 it has all the potentials to become a well-developed country yet because of its hypocrite government and politics the nation miss the big opportunities and went backwards.
@atahanakay
8 ай бұрын
As a Turkish person Thank you. It is very hard to find people like this that understand the problems
@ozgurbozkurt5945
6 ай бұрын
It is ruled by turds. People with no background in economics, foreign policy etc ... People who are not even qualified to run a corner store, are running the country. The outcome is not surprising. I assume a lot of priceless lands, historical landmarks, strategic technologies will be handed over for $$$ to keep the current govt stay afloat - not even keep the state afloat, but keep the current government afloat.
@user-hy4rl8ui4l
4 ай бұрын
Syrians Pakistani Afganistan Refugees are Increasing They are Having High Birth Rate Thahtswhy We Pressurise Muslims For 2 Child Policy In India And Limit Pakistani and Bangladeshi Muslims By Constructing Advance Fences
Erdogan ❤turkey
YES. YES THEY CAN GIVE A LOT OF SUPPORT FOR THEM M SALMAN CAN GIVE ALL MUSLIMS NEEDS WITHOUT HESISTATATION. .....
ไว้ใจใครได้
Arab Emirates you give you have many
Am not sure probably ro play gulf lol
It is Russian Tourists who greatly help the economy of the Turks.
@skp8748
4 ай бұрын
No 😂 turkey is industrial power
@senaselen3120
4 ай бұрын
@@skp8748 Yes, our arms industry is developing every year. Last year we were ranked 10th in the arms industry, this year we are ranked 8th.
@skp8748
4 ай бұрын
@@senaselen3120 😂 exactly. EVERY sector in Turkey is growing. These guys don't understand the difference between currency and economy 😂 They want turkey to nuke their economy that has grown ASTRONOMICALLY since 2002. For comparison Greek GDP in 2002 was $154.56B and its now $242.385. Turkish GDP in 2002 was $240.25B and its now $1.154 trillion Turkish Gov debt to gdp in 2002 was 75.5% and its now 31%... for comparison the UK is 101.2%😂 and in 2002 it was 86.3% Turkey has 41 companies in the ENR’s 2023 Top 250 International Contractors, the US has 41, Europe+UK has 44 and China has 78. Only China and S.Korea have bigger market share in the Middle East, In Africa they trail only China, France and Italy, in Latin America only the US, China, Spain, Italy and France and in Europe it is only Spain and Germany they trail. 😂😂
@senaselen3120
4 ай бұрын
@@skp8748 I were curious, are you Turks? 😅also,We are almost growing in every sector, but there is a great economic pressure from outside. I think if any other country was in our place, it would have gone bankrupt already.😂
@skp8748
4 ай бұрын
@@senaselen3120 No I'm a student at LSE... My professor explained it to me because my father works in import/export from Ankara to Baku to Delhi and he would always tell me currency is not economy. My professor explained how its from external pressures (usually politically motivated) from currency speculators that play games on the market with lira bonds. He also explained Turkey is acutely vulnerable because it imports so much energy... now you see all the nuclear plants under construction, the gasfield find, the new Azeri pipeline and then Libya to Turkey corridor are some of the projects to offset that.
As aTurk it is late. They had to make it before. But never late
İf you look at Türkiye,s economic history, you will see present economy is not the worst. Türkiye always come out with victory. This economy disaster is temporary. We will see strong economy very soon. There are many projects to be implemented to make Türkiye,s economy stronger than ever before. 🇹🇷❤️
@granivonderheide6346
10 ай бұрын
''Turkey's economy is stronger than before '' bla !, bla ! bla !,to much pro - erdogan politics. The truth is the turkish lira is collapsing. That's the result, the man who has written the book of economy ( his own words ! ) don't write fairy tales
@2msvalkyrie529
5 ай бұрын
Yes ! I love Turkiye ! 🇬🇧 👍 !
But. French
There's no strong Turkie no gulf country would be strong
💛☮️
You know that the correct name is the Persian Gulf. Anyway, I got it, Why don't you say it? you're stuck
Turkey should increase relationship with Arab countries. They may be more faithful from EU & USA. USA always impose pressure on islamic countries business. USA & EU Don't want strong any muslim country.
@nihil_hd1598
Жыл бұрын
You got colonise
@user-xn7tq6wy6z
Жыл бұрын
Yes as Nihil said, arab countries got colonised by western countries Turkiye did not, Turkiye doesn't need help from any arab country
@aqeel-3771
Жыл бұрын
@@user-xn7tq6wy6z they did the british and arab revolt against the Ottomans thats the reason they dont like KSA.
@user-xn7tq6wy6z
11 ай бұрын
@@aqeel-3771 No that was the corrupt "Ottoman Empire" led by religious extremists that did not represent the Turks like Ataturk did, it was not Turkiye.
@user-vb6df4sd8d
9 ай бұрын
@@user-xn7tq6wy6zhuge parts of modern day turkey were colonized by the west lol😂😂😂😂. The only reason it wasn’t completely colonized was because the British had someone their who did everything they wanted for free (attaturk)
We love erdogan sir ❤❤❤
@sametsamet-sr3nj
Жыл бұрын
That's why we Turks don't love we will face our country towards Europe again We will be fallowing Ataturk s way of secularism and modernism.
@rockyetchison3380
Жыл бұрын
@@sametsamet-sr3njSays the moron who isn't Turkish just a West bot warrior behind a keyboard 😂
@rockyetchison3380
Жыл бұрын
@@sametsamet-sr3njOttomons are your dad! Keep in mind. Fool
@chanell68
Жыл бұрын
@@sametsamet-sr3nj Europe wasted over 55 years of turkiye to be part of them. Its Europeans lost not turkiye so Erdoğan obviously have to move on and create better platforms.
@rebellefleur2993
Жыл бұрын
@@sametsamet-sr3njI am sorry but West is fallin apart...
THX Sector Analys Media News. We Media business In Game With News Environment We Care our Group. Nato is not Media Corporation ⛵ TMC
gulf money can't save the saudis either, nor this lousy reporting
@ziyadpepe6291
Жыл бұрын
Lol
India the greatest country in the world
@terabytes450
Жыл бұрын
Don't drink too much
@fgdgdg7201
Жыл бұрын
Most stinky you mean
@MdAl-Amin-rc3fd
Жыл бұрын
🤣🤣🤣🤣
@sufibra1051
Жыл бұрын