World Business: Turkey's Economic Turnaround 01/08/10

[falcon010216]

turkey is worlds 17th biggest economy.

[TheUsaturkey]

@falcon010216 not anymore righ now it became 15th it growing realy fast

[AAAAAAAAA3170]

Corrado Passera - Intesa San Paolo Bank

I kindly invite you to explain publicly why in 2004 you have hidden to the Judiciary District of Ragusa, managed by commissioner Doctor Agostino Fera, the bank account 10/645629 owned by Mrs Campo Innocenza Maria and why you have never answered to the exposals of denunciation dated 30th December 2009 and instead you have let us wait so many years without answering and let Mrs Innocenza Maria die in the pain that someone has when deprived of all her money

[Search968]

I m living in Germany so I m know west better than you ... 

[utkusarioglu]

you'll have monthly installments. sometimes different brands come up with deals which allow you start paying a couple of moths later. you can apply for a loon too ofc. it might be too early to think about that though. when i said that you'll be taken care of i didnt mean only in terms of work. they'll prolly help you to find a house and/or anything else you need this has more to do with hopitality. plus most companies have commute busses so you dont have to buy a car as soon as you arrive.

[ericdisney1]

@utkusarioglu how come i notice that turkish people with money are not flashy like italians or greeks. how come they are more conservative dressing. not every one but most people with money in turkiye are not flashy like italians

[Athenaikos]

Very well. Keep going. But keep in mind that 2009 figures were low, so any improvements are calculated over a low base and as such % wise they seem impressive.

[ericdisney1]

@Athenaikos what benefits will turkey have if they decide to get into eurozone

[Athenaikos]

@ericdisney1 - Large inflows from the common EU treasury. In the billions for each year (perhaps 20-30 Bil. per year). Second, political representation in the EU parliament.

[ericdisney1]

@Athenaikos what is the difference between turkey and the usa ; as far as turkish lira. do you know. and does the cost of living mean anything.

[ericdisney1]

@Athenaikos basically i am asking that just because turkeys economy is growing alot and its successful does it mean living in turkey will be the same as USA not culture wise just in comfort ability.

[utkusarioglu]

@ericdisney1 in terms of gdp per capita, it would take at least 2 decades to reach usa or a wealthy european country. videos about turkey usually speculate about what it supposedly gonna happen. while i see dramatic improvements around me and in my country in general, its a fact that we still have a long way to go

[ericdisney1]

@utkusarioglu understood. you said your own country. is your country turkey? if it is your country, would 3000 lira a month be considered , middle class, upper middle, or upper class wage when compared to everyones monthly salary or wage

[utkusarioglu]

@ericdisney1 if that salary feeds only one person then it's upper mid class. the average wage for a first job for an university grad is around 1500 to 2000 TLs.

[ericdisney1]

@utkusarioglu what is expensive in turkey when compared to USA or UK ; what is cheap in turkey as far as goods go when compared to other countries; i have ehard the cost of living in turkey is very low, is this true and if its true what exactly is low cost of living (rent)

[utkusarioglu]

@ericdisney1 food and living costs are much lower. electronics and other industrious goods are either at the same price or higher. oil costs a lot. i dont know much about rents in different cities i can give you examples from two. i live in İstanbul in a 120m2 apartment which costs about 1000TL my mother lives in a 240m2 apartment in Ordu which costs 400TL. so it varies a lot. theres a website which expats share their experiences though i dont remember the website. search for that on google.

[ericdisney1]

@utkusarioglu are American restaurants like burger king, pizza places, are they common in Turkey. i have heard that the police in Turkey are not so mean, rude, upset, use a lot of force on people like in America. is this true. do you think it is more freedom in Turkey.

[utkusarioglu]

@ericdisney1 western franchises are common. however you should know that there are simply way too many choices in turkey in terms of food. it has been like 3 years since i have been to mc donald's or KFC or Pizza Hut even though i eat almost very lunch out. I have to say that one's least concern should be about food in turkey.

[ericdisney1]

@utkusarioglu how much Turkish should I learn before permanently living in Turkey in 3 years,

[utkusarioglu]

@ericdisney1 you might want to learn enough to be able to talk to the common man on street. you'll be able to talk to the new generation but for older people you need to have somewhat good command of the language. Fundamentals of turkish is very hard to grasp. but after you get over the initial difficulties it will be really easy to develop on that as the language is very proper. people are very very sympathetic to foreigners who try to speak turkish. so you'll be fine.

[ericdisney1]

@utkusarioglu I am not muslim, I am not religious but I believe in Allah. will this be a problem in Turkey. I do not come from a muslim background or family. Im not entirely christian either. I just have my own way of praying to Allah. Will this hinder my business or opportunities in Turkey.

[utkusarioglu]

@ericdisney1 i dont think that i have ever met anyone who would withhold monetary gains for religion but it's safe assume that there are people that way. if a person refuses to do business with you claiming that your religion is the problem, you can be sure for 95% of the time that its because of mistrust in your culture. i dont think anyone will ask you what you believe in unless you get close with them.

[ericdisney1]

@utkusarioglu I have a friend who I met in my University. He is from turkey, gaziantep. He told me his father owns a factory that produces cotton in gaziantep. He says when he finishes studying in 2-3 years english here in the USA; he is going to go over to gaziantep and take over the factory. He wants me to go over there to gaziantep to work for him and make 3000 lira a month. So this is why I ask you all these questions.

[utkusarioglu]

@ericdisney1 i'd say why not. 3000TL is a good wage for a newly grad. The boss is inviting you to work with them so you will clearly be taken care of. you'll get to visit a lot of countries and i know that gaziantep does business with central asia and europe as well as with mid east.

With all the islamophobia and misconceptions about turkey, you are right to be scared. but you should really ask someone who has been in your shoes. btw: expatsofturkey . com, that adress i was telling you about

[ericdisney1]

@utkusarioglu I went on the website, very useful information. thank you. sag olun- I tried to look at cars to buy to pretend for when I get there. The cars over there do they go by a daily rate? or a monthly rate. Like if I buy an atutomatic car in gaziantep, how will it be? do I pay every month?

[utkusarioglu]

@utkusarioglu forgot to click reply..

[ericdisney1]

@utkusarioglu I heard most cars over there are stick shift. I drive Automatic. (I also heard the gas is very expensive)

[utkusarioglu]

@ericdisney1 you can buy a LPG or a diesel car, with a automatic transmission. you can find 2nd hand of these cars too. wont be a problem. dont worry about these things. money buys everything everywhere. like i said before, your problem will be with speaking turkish so i'd advice you to practice on that. eastern provinces have weird accents though i'd expect most people wholive in cities to speak with general turkish accent.

[ericdisney1]

@utkusarioglu will it be difficult for me to get a turkish girlfriend since i am not muslim. and my friend told me it is different in turkey than USA. in USA girls are not respectful and dont want to take care of you or clean or cook food. are the girls in turkiye more caring and they like to do women things and take care of you?

[utkusarioglu]

@ericdisney1 I assume the girls not being flashy is a mid east thing. We have a passionate culture, so expect much more care and much much more jealousy. for a while your affairs might suffer because of language barrier and cultural differences. you'll figure that out for yourself, dont worry. once i read that how exotic the ways of coquetry of turkish girls are so.. i dunno.. find that out for yourself.

[ericdisney1]

@utkusarioglu do you think my friend is telling the truth or maybe he is lieng? why would he? i looked into everything and its true about gaziantep, and the many factories producing cotton. he wants me to be an english translator and travel doing business around different countries for the company.

[utkusarioglu]

@utkusarioglu About the Police: yes we are not scared of the cops like you guys are. I feel very casual with them. but on the news i see police brutality and how it needs to be stopped from time to time. maybe i can say that they act more with feelings than according to procedures.

Crime rates are much lower in turkish cities compared to western cities. Still i cant imagine leaving my car unlocked when im not by it. though i can say stuff like serial killers or highway chases never occur.

[Athenaikos]

@ericdisney1 - Growth rates by themselves are meaningless. Many African countries are experiencing same or higher growth rates than Turkey. The Republic of Congo had a 10% growth last year. When you have one egg and you get 2 eggs that's a 100% growth rate. So, the base is important. Mature economies grow little, in the 2-3% range but their per capita base is large. Emerging economies grow close to 10% but it will take perhaps a century or more to overcome others because of moving target.

[Search968]

@Athenaikos okey we will see the next decade. you fucking poor greeks. you are living our germany's many. do not say something to Turkey. try to grow in economy like Turkey

[Athenaikos]

@Search968 - Cool. Let's see in a decade.

BTW, in case you don't understand. When your economy grows by 4.5% but has inflation of 9% we don't call this growth in the west. In the middle east maybe. But not in the west and not the EU either. We call this negative real growth.