Article
HABSBURG GAZETTE
Financial report and evaluation of Turkey's economy and market
Turkey is a highly risky country for investment and trading purposes. The Habsburg Imperial Bank has been present in the country for 3 years and is engaged in active economic activity.
The country's current chief financial officer is
As a private individual, he became known as a speculator who was punished several times for economic violations, fraud and looting of joint-stock companies. In the market and economic field, he became known not as a competent specialist, but as a risky fraudster.
His incompetence can be seen in the country's economic condition and the measures he has taken:
Turkey works with the highest production taxes in all areas, which is currently 25%. In addition, the highest personal income tax is applied, which is 50%
The country's leadership not only taxes the productivity of market participants by imposing the highest tax, but also takes away half of the workers' wages, thereby minimizing the purchase value of the wages.
Based on productivity data, the country ranks 13th in the world.
The country's financial management also decided to introduce a minimum wage, which was set at 25 TRY / ECO.
All of the measures mentioned above led to
for entrepreneurs:
- employment in the labor market involves huge expenses
- the state taxes 25% of the production
for employees:
- the state taxes 50% of their wages
- minimal purchase value of wages
in terms of economy:
- inflation is at record levels and the national currency has depreciated
- the country is unable to attract both investors and workers
The value of the national currency TRY is currently 0.0149 Gold , which is the most worthless currency at the moment. Before the Greek occupation, it was between 0.025 Gold and 0.03. Gold
On the other hand, the gold supply is extremely expensive, the Habsburg Imperial Bank offers the best price at
1 Gold = 74.9899 TRY
Before the Greek occupation, it was 1 Gold = 40 TRY
On the product market, the Turkish state applies 5% VAT and 2% import duty, except for tickets, where the VAT is unjustifiably 50% and import duty is 99%.
In addition to such disproportionate and market-distorting taxes, the state does not control and own the majority of the national currency.
The largest TRY holder currently is a private individual,
He owns 534617.12 TRY in his private joint stock company in the Central Bank of Turkey.
In addition, in another public joint-stock company Aselsan Share TC, he oversees another 12221.05 TRY .
In contrast, the Turkish treasury has 10170.82 TRY .
Turkey is considered a politically unstable country, civil war initiatives have unfolded twice in the past 1 month, one of which successfully overthrew the reigning power, although there were no changes in the ministry of finance.
With such an economic background, Turkey is currently in a losing war against Bulgaria, which was initiated by Turkey.
The potential Bulgarian occupation further reduces investor confidence in the Turkish market.
Final rating:
Financial management:
1/10
Currency stability:
1/10
Application of taxes and minimum wage:
1/10
Potential for investment:
1/10
Political stability
2/10
Economist expert, Founder and head of the Habsburg Imperial Banks
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The Age of Habsburg Imperial Banks (1 year ago)
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