Cyprus-Forum.com

[ZoC]

He had HUGE bollocks, because of what he did, and what he stood for, and for dieing on the cross. So he can't be Greek.

he sounds cypriot...

They also think that Cyprus is Greek! How insulting is that?

it certainly an insult to my intelligence... and to there's (if they had any).

[kurupetos]

Funny charlies.

[ZoC]

Funny charlies.

go chew on some toffees...

[kurupetos]

Funny charlies.

go chew on some toffees...

Actually, earlier I had some english toffees with my tea.

[Jerry]

Oh dear more bad news for Turkey's economy. Erdo had better hurry up and join the EU so that Turkey can be bailed out by the European solidarity fund.

http://www.todayszaman.com/news-259495- ... rcent.html

Turkey's current account deficit was up 102.4 percent year-on-year in the first eight months of 2011, the Central Bank said on Tuesday

The Central Bank announced balance of payments in August 2011 and said the current account deficit was up 102.4 percent year-on-year in the first eight months of 2011, reaching $54.2 billion.
The current account deficit, which stood at $26.8 billion in the first eight months of 2010, increased by $27.4 billion in the first eight months of 2011 as compared to the 2010 data.
Soaring deficit in foreign trade is believed to have pushed the current account deficit up, Anatolia news agency said.
The Central Bank posted the current account deficit as $3.9 billion in August 2011. It was $2.02 billion in the same month of 2010.

[Get Real!]

So Erdogan discovers credit cards and decides to become a superpower eh…

[Nikitas]

One of the so called "experts" on economics hopefully will ask the obvious one of these days: how an exporting country can have a strong economy while all its client countries are in recession. Obviously it can't and the infro on deficits and slowing exports is starting to be noticed. If the Greek current account deficit of 9 billion is worrisome, then what do they say about 54 billion?

[supporttheunderdog]

So how can strong exporting country have a trade deficit or are they an even stronger importing country?

Mr Micawber springs to mind....

[Kikapu]

Well, looks like Turkish exports did not benefit at all in August (as predicted) from devalued Turkish Lira, which was the hopes of VP and Erdogan. In fact, Exports went down from the previous month.

My dog definitely knows more about economics than these two!


Turkey Balance of Trade
Turkey reported a trade deficit equivalent to 8230 Million USD in August of 2011. Turkey major exports are: textiles and clothing, automotive, iron and steel, white goods and chemicals, pharmaceuticals and ships. Turkey imports mainly machinery, chemicals, semi-finished goods, fuels and transport equipment. Its main trading partners are: European Union (57% exports, 40% imports), Russia and The United States. This page includes: Turkey Balance of Trade chart, historical data and news.

Actual
-8230.00

Previous
-9014.00



Turkey Exports
Turkey exports were worth 11268 Million USD in August of 2011. Turkey major exports are: textiles and clothing, automotive, iron and steel, white goods and chemicals and pharmaceuticals. Turkey is also one of the leading shipbuilding nations. Turkey's main export partners are European Union, United States and Russia. This page includes: Turkey Exports chart, historical data and news.

Actual
11268.00

Previous
11875.00



Turkey Imports
Turkey imports were worth 19498 Million USD in August of 2011. Turkey imports mainly machinery, chemicals, semi-finished goods, fuels and transport equipment. Its principal trading partners are European Union countries (Germany, United Kingdom, Italy, France), Russia, China and United States. This page includes: Turkey Imports chart, historical data and news.

Actual
19498.00

Previous
20889.00

http://www.tradingeconomics.com/turkey/indicators

If August figures weren't bad enough, September figures are worse for Turkey's Imports, Exports and Balance of Trade. So much for the great things to come with the devalued Turkish Lira, promised by Erdogan and VP.


Turkey Balance of Trade
Turkey reported a trade deficit equivalent to 10414 Million USD in September of 2011.

turkey-balance-of-trade11.png

Turkey Imports
Turkey imports were worth 21204 Million USD in September of 2011.

turkey-imports11.png

Turkey Exports
Turkey exports were worth 10790 Million USD in September of 2011.

turkey-exports11.png

http://www.tradingeconomics.com/turkey/indicators

[Kikapu]

One of the so called "experts" on economics hopefully will ask the obvious one of these days: how an exporting country can have a strong economy while all its client countries are in recession. Obviously it can't and the infro on deficits and slowing exports is starting to be noticed. If the Greek current account deficit of 9 billion is worrisome, then what do they say about 54 billion?

Here are the answers for your questions from the horses mouth, Nikitas!

Turkey not sheltered against wave of European debt crisis

The Central Bank’s revised forecasts on the current account gap and inflation reflect the weak sides of the Turkish
economy. A possible recession in Europe, Turkey’s top trade partner, may turn these problems to big woes.

http://www.hurriyetdailynews.com/n.php? ... 2011-11-11