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Turkey Wealth Fund
The Türkiye Wealth Fund (TWF; , TVF) is a sovereign wealth fund founded in August 2016 and owned by the Government of Turkey. As of 2023, TWF had over $317 billion in total assets. The fund is operated with a "Strategic Investment Plan", which was approved by the Council of Ministers. Companies and assets formerly owned by state institutions shall be eligible to be transferred to the fund and sub-funds shall be able to be created if viewed appropriately. History TWF was officially founded on 26 August 2016. According to the law published, the chairman, CEO and board members were appointed by the Prime Minister. In November 2016, PM Binali Yıldırım appointed board members and Mehmet Bostan as CEO. On 6 February 2017, it was announced that Ziraat Bank, Turkish Airlines, TÜRKSAT, BOTAŞ, PTT, BİST, TPAO, Türk Telekom (6.68%), Eti Maden, Çaykur had been handed over to TWF. In addition to the companies, the 3 billion liras worth Defense Industry Support Fund (Turkis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Moneta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isparta
Isparta is a city in western Turkey. It is the seat of Isparta Province and Isparta District.Ä°l Belediyesi Turkey Civil Administration Departments Inventory. Retrieved 1 March 2023. Its population is 247,580 (2022). Its elevation is 1035 m. It is known as the "City of Roses". Isparta is well-connected to other parts of Turkey via roads. lies 130 km to the south and is 350 km to the north. |
Port Of Ä°zmir
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manchester and Duluth; these access the sea via rivers or canals. Because of their roles as ports of entry for immigrants as well as soldiers in wartime, many port cities have experienced dramatic multi-ethnic and multicultural changes throughout their histories. Ports are extremely important to the global economy; 70% of global merchandise trade by value passes through a port. For this reason, ports are also often densely populated settlements that provide the labor for processing and handling goods and related services for the ports. Today by far the greatest growth in port development is in Asia, the continent with some of the world's largest and busiest ports, such as Singapore and the Chinese ports of Shanghai and Ningbo-Zhoushan. As of 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kardemir
Kardemir is a Turkish steel producer. The name is a contraction of the Turkish language ''Karabük Demir Çelik Fabrikaları'', which means "Karabük Iron and Steel Works". History Its main plant is located at Karabük in the Black Sea region of Turkey. Construction of the complex started in 1937 and finished in two years. Power plant was the first plant put into operation in 1939 and other plants became operative successionally within 2 years. Having functioned as a state-owned company for decades, Kardemir was privatized in 1995. Pollution Kardemir burns coal in Turkey. As an integrated steelworks emissions are higher than steel produced at electric arc furnaces. They also own Karabük coal-fired power station. Climate Trace estimates the plant emitted over 3.5 million tonnes of carbon dioxide in 2022, more greenhouse gas than any other steelmaker in the country except Erdemir and İsdemir. Sport sponsorship Kardemir is the main sponsor of Karabükspor. See also *List of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qatar Investment Authority
The Qatar Investment Authority (QIA; ) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 billion of assets under management. The QIA's structure and decision-making procedures have been characterized as non-transparent. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund). History and profile The QIA was founded in 2005 by the then- emir of Qatar, Hamad bin Khalifa Al Thani, to manage the oil and natural gas surpluses of the government of Qatar. As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector. Prior to establishment of the QIA in 2005, Qatar's Min ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Çukurova Holding
Çukurova Holding, established in 1923, is an industrial and commercial conglomerate based in Turkey. It is engaged in a range of sectors such as industrial, construction, communication and IT, media, transportation, financial services and energy.ForbesMehmet Emin Karamehmet/ref> Çukurova Holding managed its newspapers, magazines and radio stations under TurkMedya, in the Çukurova Media Group, but transferred most remaining media assets to the state TMSF in 2013, in settlement of a tax debt. Çukurova has been involved in litigation since 2005 over part-ownership of Turkcell. Media On 18 May 2013 Çukurova Media Group transferred a substantial number of its properties to the state TMSF, in partial settlement of a tax debt. With various media properties closed down in previous years, it leaves Çukurova with few media assets. Digital TV broadcasting and services Digiturk was incorporated as a digital platform in May 1999. Digiturk purchases, produces and packages Turki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telia Company
Telia Company AB is a Swedish multinational telecommunications company and mobile network operator present in Sweden, Finland, Norway, Estonia, Latvia and Lithuania. Telia also owns TV4 Media which includes TV4 in Sweden, MTV Oy in Finland, and C More Entertainment after acquiring them in 2019. The company is headquartered in Solna and its stock is traded on the Stockholm Stock Exchange and on the Helsinki Stock Exchange. The company has been linked to corruption scandals in its dealings with the regimes in Uzbekistan and Azerbaijan. Telia's bribery scandal in relation to the Ilham Aliyev regime in Azerbaijan has been described as "possibly the largest bribery in Swedish history." History Telia Company in its current form was first established as TeliaSonera, as the result of a 2002 merger between the Swedish and Finnish telecommunications companies, Telia and Sonera. This merger followed three years after Telia's failed merger attempt with Norwegian telecommunications co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkcell
Turkcell İletişim Hizmetleri A.Ş. (''lit. Turkcell Communication Services'') (, ) is the leading mobile phone operator of Turkey, based in Istanbul. The company has 39.3 million subscribers as of September 2021. In 2015, the company's number of subscribers climbed to 68.9 million, in nine countries. The largest shareholder is Turkey Wealth Fund with 26.2% ownership. It is one of the world's biggest companies (Fortune 2000) list published by ''Fortune''. Turkcell has also developed Yaani, a browser for mobile and desktop. Turkcell's general manager is Ali Taha Koç. Company background In February 1994, Turkcell started Turkey's first GSM network. In Q3 2012, it had a market share of 52.4%. Its competitors were Vodafone with a market share of 27.9% and Avea with a market share of 19.7%. Turkcell is the first Turkish company to be listed on the New York Stock Exchange, where its shares have been traded since 11 July 2000 along with trading on the Istanbul Stock Exchange. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 75 countries and two European Union institutions, the newest shareholder being Nigeria since February 2025. Despite its public sector shareholders, it invests in private ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berat Albayrak
Berat Albayrak ( born 21 February 1978) is a Turkish businessman and politician. He served as the Minister of Energy and Natural Resources from 2015 to 2018 and as the minister of treasury and finance from 2018 to 2020. In the general elections of June 2015 and November 2015, he was elected as a member of parliament from Istanbul for the Justice and Development Party. He is married to Esra Erdoğan, the daughter of Turkey's president, Recep Tayyip Erdoğan. Early life and education Berat Albayrak was born on February 21, 1978, in Istanbul. His father's name is Sadık, and his mother's name is Kıymet. His family is originally from Dernekpazarı, Trabzon. He completed his primary education at Fındıkzade Elementary School and his secondary education at Fatih Boys' High School. In 2004, Albayrak married Esra Albayrak, the eldest daughter of Turkey's president Recep Tayyip Erdoğan. The couple has four children: three sons, Ahmet Akif (b. 2006), Sadık Eymen (b. 2015), and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 Turkish Constitutional Referendum
A constitutional referendum was held in Turkey on 16 April 2017 on whether to approve 18 proposed amendments to the Turkish constitution that were brought forward by the governing Justice and Development Party (AKP) and the Nationalist Movement Party (MHP). As a result of its approval, the office of Prime Minister was abolished and the existing parliamentary system of government was replaced with an executive presidency and a presidential system. The number of seats in Parliament was raised from 550 to 600, while, among a series of other proposals, the president was given more control over appointments to the Supreme Board of Judges and Prosecutors (HSYK). The referendum was held under a state of emergency that was declared following the failed military coup attempt in July 2016. Early results indicated a 51–49% lead for the "Yes" vote. In an unprecedented move, the Supreme Electoral Council (YSK) allowed non-stamped ballots to be accepted as valid. Some critics of the re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Halkbank
Halkbank () is a Turkish bank, first incorporated in 1933 as a Public bank, state-owned bank. After growing throughout much of the twentieth century, it began absorbing smaller-sized state banks around the turn of the millennium. Halkbank is now a publicly traded company, although the majority stakeholder remains the Turkish government. Halkbank is a bank that offers vehicle loans, housing loans, consumer loans and commercial loans. A number of scandals and controversies involving the bank emerged in the 2010s, some of which culminated in arrests of its executives. History Halkbank was incorporated in 1933 and began offering services in 1938. Between 1938 and 1950, it was a credit union whose purpose was to provide tradesmen and artisans loans on favourable terms to promote economic growth in Turkey. In 1950, it began opening branches and granting loans to customers. In 1964, Halkbank embarked upon an ambitious program in which its capital was increased and established a nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
