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MONEY Necmettin Batırel – Can’t get enough of scoring goals!

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The Western world cannot digest the success that Turkey has achieved with the economic system it has implemented. British magazine The Economist asks: “Something is wrong: How is the Turkish economy growing despite rising inflation?”

At a time when the grain corridor reached 1 million tons, the US sent a letter to TUSIAD, threatening “If you do business with Russia, we will impose sanctions”! There is great jealousy. America and Europe are shrinking as they raise interest rates to reduce inflation. Turkey is cutting interest rates, its economy is gaining momentum. US Federal Reserve Chairman Jerome Powell has openly stated that the country will shrink, saying that the interest increase will be “painful” for the economy, that it will reduce the rate of growth, that employment will fall, that people will have difficulties, that there will be deep troubles and that it will fight inflation. Due to the energy shortage in France, people stock up on wood, there is an explosion in demand for fuel from sawdust …

Germany was plunged into darkness. The United States cannot send LNG ships to Europe. Do you know why? Because in Germany there is no refinery to convert liquefied natural gas! … There is only Spain. However, it cannot send the natural gas it gets to European countries because there is no gas pipeline. Germany is paying a heavy price for not creating such a refinery because it won’t be needed. Is there such a situation in Turkey? No. Our warehouses are full of energy, natural gas is not lacking, production is at full capacity. The Economic Confidence Index, which was 58 in the US and minus 24.9 in Europe, rose to 94.3 in August. Business confidence in the economy is increasing, what does this mean? More investments, production, means … The economy will be reborn and grow. It means that employment and income will increase.

The Central Bank’s decision, which aimed to reduce interest rates on commercial loans to below 30%, came into effect in a short time. The interest rate on banks’ TL-based commercial loans fell by 165 basis points in the week of August 19 from the previous week and became 25.45%. Companies make more investments and production with low-cost resources, their turnover increases and they earn. A lot of sales bring a lot of taxes, an increase in State revenues, a caravan of services marches …

Shouldn’t TUSIAD have said: “We are affiliated with the free market economy, your Russian policy does not bind us”, instead of sending the sanction letter sent by the United States to the ministry? Certainly. They gave no reaction. How come? Because they also oppose the low-interest policy implemented by the government … TÜSİAD President Orhan Turan said: “Policies designed with the logic of competitive exchange rates and high exports, but which do not adequately correspond to understanding and practice of today’s development, they do not produce the desired results. ” President Erdoğan said: “O gentleman who happened to be in TÜSİAD, you cannot teach us, you are just an apprentice! If there is no export, there is no growth, you cannot stand up, I see that you are managed by the same center. The center itself is clear, CHP … You’re mouthing whatever they tell you from there … Who is right will be revealed with second quarter growth figures to be announced tomorrow. Will they be ashamed?

We have to ask America: you are against the cooperation of Turkish businessmen with Russia, but why not speak against Greece, which carries 63% of Russian oil! Do you grant him privileges for the bases you set up on the Greek islands?

Maritime transport, which satisfies two-thirds of EU oil imports from Russia, has been excluded from the ban, largely due to Greece’s concerns on this issue. It generates $ 97 billion annually from Greece’s shipping. According to the report of the Greek Shipowners’ Association, 30 percent of the oil tankers in the world are in the hands of Greek operators in terms of transport volume. Turkey should take a big step in this direction and urgently enrich its shipping fleet …

A maritime ministry should be set up immediately. Thus, the biggest blow is dealt to Greece. Remember! Who dominates the seas dominates the world …

Very important note: We need to make the railway operational, which has a seat ready on the Yavuz Sultan Selim Bridge, as soon as possible. Building this road, which connects two continents and is much cheaper and safer than truck transport, will accelerate commercial activities, increase export revenues and reduce fuel consumption. Come on, come on …

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