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Turkey Industrial Development
TURKEY – INDUSTRY SHUTS DOWN as Electricity is CUT OFF for 4 DAYS – Over 67,000 Businesses Affected
TURKEY – INDUSTRY SHUTS DOWN as Electricity is CUT OFF for 4 DAYS – Over 67,000 Businesses Affected
The Crisis in Turkey has just become much worse. The Authorities have just announced that ELECTRICITY WILL BE CUT OFF in the Organized Industrial Zones. Over 67,000 businesses more than 2 MILLION jobs are located in the OIZ’s. To make matters worse Turkey is experiencing SNOW and FREEZING TEMPERATURES making the demand for NATURAL GAS even higher (which is the route cause of the problem).
This situation is a DISASTER for Turkey and could have a long lasting effect on both Turkish Industry and the Economy. Turkey is fast running out of road….
Thanks for watching and please LIKE and SUBSCRIBE.
If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated.
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Chapters:
0:00 Intro
1:33 GAS & ELECTRICITY
4:12 WEATHER
5:05 OIZ’s
7:12 EGE
9:11 KARTONSAN
11:17 KETMERCILER
12:40 FOOD PRODUCTION
14:18 Summary & Conclusion
#Turkey
#Turkey Crisis
#Evergrande
#Global Financial Crisis
Video Duration: 00:18:01
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You always have good content but this time you seem to have missed the obvious. The companies were stupid to not have some local sourcing. Yes, I understand that could raise prices. It is time that JIT and the "free trade" be re-examined.
How dare they close those clot centers!
Hope soon overcome from power crises
As far as the world is concern, Turkey is as important as Zimbabwe.
It is truly amazing how much damage the wrong person in power can cause. Erdogan is solely responsible for this. Cheers.
"Technical difficulties" my ass. Turkey is broke and can't pay for Iranian gas.
Erdogan and Imran Khan. Destined to destroy Islam.
Is that what the mayor of İstanbul was discussing with the Brit ambassador over dinner while Istanbullers were struggling to get home under heavy snow? MI6 is on the job and New Lawrence of Arabia in the making…
Critical F35 parts are made in Turkey including engine components and landing gear systems so Iran can shut down the US defense industry
To many people this situation was know back in 1970. But our career politicians psychopath only want wealth and not improving society
Fake news.
Believe Turkey has a gas field they're developing, laying a pipeline to. Believe they're building a nuclear power plant. Hop to it.
The coldest weather seen in turkey for years that global warming rear’s its head again
Nothing to do with technical disruption of gas supplies. Turkey is running out of foreign currency reserves, the stuff foreign energy suppliers insist on being paid with. This is what happens when a country lets a financial amateur dictate economic policy against all financial wisdom.
The solution: replace Erdogan with someone competent.
Excessive globalization is causing one disaster after another. I hope people take heed of this.
So Turkey has it's military engaged in places like Libya, Qatar, Syria, Azerbaijan, Sudan, Iraq etc but can't get it's hands on fuel for the life of it?
Globalization and JIT supply chains: a great idea for everyone, until something goes wrong. Seems like a lot of somethings are happening these days. Kind of like the US government: three years of somethings and no end in sight.. What we are finding is that complexity and anti-fragility are opposites. And with shaky, inept, self-interested leadership everywhere (also global), it isn't going to get better. Perhaps Marky Z can conjure up a virtual reality where globalism works for everyone, all of the time.
We have found our own gass in 3 differant places ,that's first! Second we are buying gass from Rusia and Azerbaycan and new seller Turkmanistan…Cheap as chips!!!!!
Here's a new axiom for you. The more influential politicians become the less efficient and productive your economy becomes. There are many more Turkeys out there. Is that a pun?
The Armenian curse. AHAHAHA
Investing in cryptocurrency now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
I'll give you a thumbs up because you invited viewers to do this 'at some point in this video if you like it' as opposed to asking them to do so at the beginning before they've even heard what you have to say. ( Sorry just a personal gripe.)
I doubt, that the workers are simply not paid during the shutdown – that is American thinking. A motivation here might be, to prevent problems to the voters, while the Industrialists are often no AKP-Fans anyway.
Erdogan is the smartest person in the world.
Just ask him.
Good work, sound analysis!
I am turkish, and this is the most accurate and the most detailed video I've even watched on the situation in Turkey…
The problem is with the huge amount of debt erdoğan has accumulated over the last 20 years.. When erdoğan came to rule in 2003, turkey's external debt was 130 billion dollars and its central bank reserves was 30 billion dollars. Now turkey's foreign debt 1s 450 billion dollars and its cental bank reserves is -60 billion dollars (yes, minus). If we do the math, we will see that erdoğan borrowed and spent 440 billion dollars. Add to that the revenues coming from privatization, which is 100 billion dollars, we can see that erdoğan had 540 billion dollars worth of extra money to spend in his hand, in addition to the tax revenue…
With this half a trillion dollar extra resource, erdoğan government did surprisingly little investment.. A few bridges, a few tunnels, a few roads, but that's all. Instead, the money is fed into a huge construction boom and import of luxury goods. Also, turkey entered into a lot of very costly foeign adventures, which benefited neither turkey nor syria nor libya…
The problem is: while this half a trillion dollar debt money is dissipating in in the economy, like a drug slowly diffusing into the addict's body, everybody was very happy. Everybody become erdoğan's fan, and he kept on winning the elections. Nobody asked the question "where all these money is coming from?" Now the foreign debt (=drug) is dissipated, and we are suffering all the withdrawal symptoms.. It is bad and it will become worse…
Turkey is a democracy.. Turkish people had kept on electing erdoğan, even though the numbers clearly showing where he was dragging the economy was available for everyone to see at all times. Hence, the last responsibility rests with the turkish people.. It is not pretty, but entirely just for them to suffer..
İran is continuing it's gas flows to Turkey. By the way, Azerbaijan has the capacity to fill any void which may be left by Iran stopping their gas supplies.
I really wonder who is really paying you for spreading lies about Turkey.
I will come an comment under your videos as soon January export figures are released for Turkey. Let's see by what percentage the exports have gone up by.
Goes to show that putting all your eggs in one basket is asking disaster
With no electricity and gas plus a cold spell, how much damage will there be from frozen pipes, etc? On the other hand, refrigeration shouldn't be such a large issue.
Continuous process industry will suffer a lot due to such shut down , a big loss to industry, so sad
Islamisation has negative impact
This is a massive snowball rolling down a steeper and steeper slope. One has to feel a great deal of sympathy for the people affected.
Another superb video essay on a crucial subject that is not (yet!?) getting sufficient coverage in the media!
Love your videos but What is the best way to make money from investing now please?
So what cuts & sacrifices are the Turkish government going to endure for their contribution? can they at least get some LED bulbs for the palace, maybe save a few amps that way?
Same electricity shortages are happening in China. With a knock on industry, and in turn the export supply chain. Have you looked at that situation as well?