Cyprus-Forum.com

[Lordo]

Here is another interesting look at finance.

https://www.facebook.com/reel/1661459314679972

[Maximus]

Here is another interesting look at (the lack of) finance

> 15,000 Turkish companies closed this year, up 28% from 2023

https://www.reuters.com/markets/turkish ... 024-09-09/

Turkish households and business are facing the economic consequences of a cumulative 41.5 percentage points of rate hikes that began in June 2023 and are now finally beginning to cool inflation, which dipped to 52% last month, from its peak of "90%" (150%).

I suppose every cloud has a silver lining but that yamoto shistos pezevengi will try to educate us that raising interest rates doesn't bring down inflation, but raising the minimum wage does (until the company goes bankrupt).

[Lordo]

Erdogan blocked the Israeli President from flying through Turkish Airspace so he was unable to attend the conference in Baku. Why they could not fly over Greece and Bulgaria is hard to understand.

[Maximus]

Turkey's has technically entered into a recession, with the last two quarters indicating shrinking economic growth.

All the while inflation is still strong, "officially" at 47% and the 6th highest in the world

The lira is still devaluing by the day and erdogan is flirting with military adventures in Syria and excursions to squat in Jerusalem.

[Lordo]

There is only one way to remove this capitalist cancer.



This is some scene.

https://www.facebook.com/reel/1274464730417939

[Maximus]

If you've ever found yourself yearning for a tale that marries the economic turmoil of a nation, with the swine bashing essence of blog posts in La La Land, then buckle up. Because today, we adventure into the heart of Turkey's lira landslide.

On this fateful Wednesday, Erdo's main political rival, none other that Istanbul Mayor, Ekrem Imamoglu was detained and the Turkish Lira took a 12.7% nosedive to an all-time low of 42 Liras to the dollar.

Just go and open any chart and you will see that there is no stopping this new new Turkish lira becoming the new old Turkish lira.

[Maximus]

Word on the street is that erdo has fled turkey and is seeking assylum somewhere in europe.

You couldnt make it up.

[Londonrake]

https://www.theguardian.com/world/2025/ ... -detention

Sounds familiar.

[Lordo]

It sounds like the boy has been doing well but did not pay the cut to the boss of all bosses which may have upset him some.

As part of the ongoing investigation, İmamoğlu Construction Trade and Industry Joint Stock Company, of which IMM President İmamoğlu is a partner, was confiscated the previous day.

Information about the company was included in the MASAK report.

In the findings reflected in the report, it was stated that İmamoğlu Construction, 60 percent of which is owned by Ekrem İmamoğlu and 40 percent of its shares are owned by his father Hasan İmamoğlu, bought 117 immovable properties, including 19 shops, 19 residences, 63 residences, 8 offices, 6 offices, and 2 lands, between December 8, 2020 and December 11, 2023. It was stated that the source of these immovables and money increases acquired in 3 years is unclear.

https://www.ntv.com.tr/turkiye/yolsuzluk-ve-teror-sorusturmasi-ekremimamogluve-87-kisi-gozaltinda,DapmnB7IIkm0Exdpk_8Ilw

[Lordo]

This post brings to mind the song Livaneli played and sung in Germany with Cengiz Kurtiz singing along with him when Liveneli lived in exile fear of his life from the fascist regimes who were fully supported by the west.

Song ends with "sen nerden buldung bu mali."