Istanbul Fact Sheet 2019
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Borsa Istanbul-Communication with Stakeholders
BORSA İSTANBUL-COMMUNICATION WITH STAKEHOLDERS Last updated on: [January 2015] BUSINESS STRATEGY 1. How does your exchange define and view the rationale for corporate sustainability and the exchange's role in promoting it? There are several stakeholders that play a key role in shaping the sustainable investment climate: legislators, policy-makers, multilateral agencies, professional bodies that set accounting and auditing standards and of course securities exchanges. Exchanges traditionally act as a center of liquidity to enable companies to access sources of much needed capital and offer investors opportunities to diversify their portfolios. Due to their involvement with an extensive variety of market participants, they increasingly play the role of protagonists in defining the rules and best practices that reflect the aspiration of these participants and of society as a whole. In this respect, the main role of an exchange is to raise ESG awareness and standards among listed companies to encourage companies to become more sustainable and eventually help create a better future for next generations. In accordance with this commitment, Borsa Istanbul accomplishes its mission through diversified means which includes the provision of specially designed focused products and services, and engagement in initiatives that aim to enhance the awareness and knowledge. 2. How does your exchange's senior leadership and organizational structure support the promotion of corporate sustainability in its market(s)? Borsa Istanbul puts the compliance with the principles of UN Global Compact at the core of its sustainable business and growth. At the Board level, the Corporate Governance Committee is responsible from the monitoring of the Exchange’s business practices in accordance with regulations in terms of environment and public health. -
Istanbul Settlement and Custody Bank Inc. Borsa Istanbul Procedure on Equity Market Clearing and Settlement and Central Counterparty Service Principles
ISTANBUL SETTLEMENT AND CUSTODY BANK INC. BORSA ISTANBUL PROCEDURE ON EQUITY MARKET CLEARING AND SETTLEMENT AND CENTRAL COUNTERPARTY SERVICE PRINCIPLES CHAPTER ONE General Provisions Purpose ARTICLE 1 - (1) The purpose of this Procedure is to stipulate the principles and procedures regarding membership, collateral, clearing and settlement, default, discipline, revenues and other issues related with the clearing and settlement and central counterparty services to be provided for BİAŞ Equity Market by Istanbul Settlement and Custody Bank Incorporation as the central clearing agency. Scope ARTICLE 2 - (1) This Procedure covers the matters regarding membership, collateral, clearing and settlement, default, discipline, revenues and other issues related with the clearing and central counterparty services to be provided for BİAŞ Equity Market by Istanbul Settlement and Custody Bank Incorporation as the central clearing agency. Basis ARTICLE 3 - (1) This Procedure has been prepared in accordance with the articles 77 and 78 of the Capital Markets Law no. 6362 published in the Official Gazette no. 28513 dated 30.12.2012, article 10 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions published in the Official Gazette no. 28690 dated 27.06.2013 and Istanbul Settlement and Custody Bank Inc. Central Clearing and Settlement Regulation published in the Official Gazette no. 28711 dated 18.07.2013, Istanbul Settlement and Custody Bank Inc. Central Counterparty Regulation published in the Official Gazette no. 28735 dated 14.08.2013, the Regulation on Activities of Payment and Securities Settlement Systems published in the Official Gazette no. 29044 dated 28.06.2014, and the Directive on Istanbul Settlement and Custody Bank Inc. -
Listing in Borsa İstanbul Contents
www.pwc.com.tr Listing in Borsa İstanbul Contents Why İstanbul? ..............................................04 Which market? .............................................12 Are you ready? .............................................18 The process ..................................................22 Life as a listed company ................................24 We are here to help .......................................25 2 PwC Foreword The Turkish economy, 17th largest economy in the world in terms of total GDP, experienced a compound average growth rate of 4.2% in the last decade. According to the latest PwC World 2050 report, Turkey is forecasted to move up to the 14th spot in global rankings in terms of total GDP by 2030, and maintain this ranking until 2050. Turkey has a great potential with its strong fundamentals and demographics and it is expected to post higher growth rates with the help of the structural reforms. Mert Tüten PwC Turkey, Shift in global economic power towards emerging economies has been increasingly impacting the global landscape of capital Capital Markets market transactions. Recent PwC Capital Markets in 2025 Report Leader mentions that companies from all over the world looking to go public will have more alternatives than before. However, development of deep domestic capital pools and completion of local regulatory infrastructure are the key success factors for the emerging economies to attract these companies. Recently, Turkish capital market authorities and its leading actors have been introducing new project initiatives to create a regional -then global- financial hub in İstanbul. İstanbul International Financial Centre is one of these ongoing initiatives, intended to transform İstanbul to a regional then an international financial centre, which is considered a bold move jointly supported by the public and private institutions. -
2019 Consolidated Financial Statements With
BORSA İSTANBUL A.Ş. Consolidated Financial Statements as at and for the Year Ended 31 December 2019 With Independent Auditor’s Report Thereon 19 March 2020 This report includes 3 pages of independent auditors’ report and 63 pages of consolidated financial statements together with their explanatory notes. CONTENTS Page CONSOLIDATED STATEMENT OF FINANCIAL POSITION 1 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 2 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 3 CONSOLIDATED STATEMENT OF CASH FLOWS 4 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 GROUP’S ORGANIZATION AND NATURE OF OPERATIONS 5-7 NOTE 2 BASIS OF PRESENTATION OF FINANCIAL STATEMENTS 7-28 NOTE 3 BUSINESS COMBINATIONS 28 NOTE 4 CASH AND CASH EQUIVALENTS 29 NOTE 5 INVESTMENTS ACCOUNTED FOR UNDER THE EQUITY METHOD 30-32 NOTE 6 FINANCIAL INVESTMENTS 32-33 NOTE 7 TRADE RECEIVABLES 33-34 NOTE 8 OTHER ASSETS 34 NOTE 9 INVESTMENT PROPERTIES 35 NOTE 10 PROPERTY AND EQUIPMENT 36 NOTE 11 INTANGIBLE ASSETS 37 NOTE 12 GOVERNMENT GRANTS 38 NOTE 13 TRADE PAYABLES 38-39 NOTE 14 DERIVATIVE FINANCIAL INSTRUMENTS 39 NOTE 15 SHORT TERM BORROWINGS 39 NOTE 16 LEASE LIABILITIES 40 NOTE 17 PROVISIONS, CONTINGENT ASSETS AND LIABILITIES 40 NOTE 18 PROVISION FOR EMPLOYEE BENEFITS 41-43 NOTE 19 OTHER LIABILITIES 43-44 NOTE 20 SHAREHOLDER’S EQUITY 44-46 NOTE 21 REVENUE AND COST OF SALES 47-48 NOTE 22 GENERAL ADMINISTRATIVE EXPENSES 48-49 NOTE 23 OTHER OPERATING INCOME / EXPENSES 50 NOTE 24 FINANCIAL INCOME / EXPENSES 50-51 NOTE 25 TAX ASSETS AND LIABILITIES 51-53 NOTE 26 RELATED PARTY DISCLOSURES 54 NOTE 27 NATURE AND LEVEL OF RISKS RELATED TO FINANCIAL INSTRUMENTS 55-61 NOTE 28 FINANCIAL INSTRUMENTS 61-63 NOTE 29 SUBSEQUENT EVENTS 63 BORSA İSTANBUL A.Ş. -
War-Related Risks and the ᅢトᅡᄚstanbul Bourse on the Eve of the First World
+ MODEL Available online at www.sciencedirect.com Borsa _Istanbul Review Borsa Istanbul_ Review xx (2015) 1e8 http://www.elsevier.com/journals/borsa-istanbul-review/2214-8450 War-related risks and the Istanbul_ bourse on the eve of the First World War* Avni Onder€ Hanedar a,*, Erdost Torun a,b, Elmas Yaldız Hanedar c a Dokuz Eylu¨l University, Faculty of Business, Izmir,_ Turkey b Academia Sinica, Institute of Economics, Taipei, Taiwan c Yeditepe University, Faculty of Economics and Administrative Sciences, Istanbul,_ Turkey Received 18 September 2014; revised 23 May 2015; accepted 23 May 2015 Available online ▪▪▪ Abstract The lack of well-documented information in the historical literature on the relationship between war-related expectations and their effects on the bond market in the Ottoman Empire motivates this paper's three contributions. First, this paper is the first empirical study to investigate the break points in the volatility of Ottoman bond prices from a historical point of view. Second, we use the econometric technique developed by Inclan and Tiao (1994) to identify the structural breaks. Last, we use a manually collected dataset from the daily newspapers of the time on daily Ottoman bond prices from 1910 to 1914. Subsequently, we identify five structural break dates, each of them corresponding to important war- related events. When we investigate the commentaries in the Ottoman newspapers, we see that the outbreak of several wars might not have been a surprise for investors in the Ottoman Empire, as reflected by government bond prices. Copyright © 2015, Borsa Istanbul_ Anonim S¸irketi. Production and hosting by Elsevier B.V. -
Elysium Art Şişli Is a Residence Project in Şişli Bomonti, Located at the Heart of Istanbul and in the Center of Life
1 // PROJECT 2 // LOCATION 3 // LIVING & DETAILS 4 // SOCIAL PRIVILEGES 5 // OFTON CONSTRUCTION 1 // PROJECT Elysium Art Şişli is a residence project in Şişli Bomonti, located at the heart of Istanbul and in the center of life. With a unique Art concept, it offers a comfortable and appealing living space. Elysium Art Şişli, an investment opportunity whose value will consistently rise, was arranged to comprise 1 bedroom apartments that will provide high rental income starting from 66 sqm2, which may be combined in order to create 2 bedroom, 3 bedroom, 4 bedroom and 4.5 bedroom apartments. WHERE INVESTMENT MEETS ART Elysium Art Şişli is a residence project based on this philosophy that will bring investment and art together under one single roof. ART Considering the common habit of viewing art only in art galleries and museums, Elysium Art Şişli provides its buyers, as part of its ‘Art Concept’, with seeing- and even beyond, experiencing numerous works of art within the daily routine of life. Offering the privilege of experiencing art in all kinds of spaces and keeping up with the modern silhouette of Istanbul, Elysium Art Şişli brings together under a single living space the most esteemed artists in Turkey and their works of photography, painting, sculpture, installation in addition to their artwork designed specifically for this project. INVESTMENT When taken into account the rising real estate value of the location and the period in which the investment is returned by rental income, what distinguishes Elysium Art Şişli from other projects is a real estate opportunity with tangible income for investors. -
Vitra Worldwide References
WOR LDWIDE REFERENCES Building Products Propelled by a vision of smart and sustainable living for people of every age, ability and cultural background, the Eczacıbaşı Building Products Division is supported by its multi- brand, multiple manufacturing site and multi-market growth strategy. Pioneer of modern, high quality and healthy living Production Power In addition to five production facilities in Turkey, the Building Products Division has seven The Eczacıbaşı Group manufacturing sites located in major international markets including France, Germany Founded in 1942, Eczacıbaşı is a leading Turkish industrial group with 39 companies, over and Russia. The Division is the majority shareholder of V&B Fliesen GmbH, the former 11,600 employees and a combined net turnover in 2018 of TL 8.8 billion. tile division of Villeroy & Boch AG and Burgbad AG, the leader of the European luxury bathroom furniture market. Core Sectors Eczacıbaşı’s core sectors are building products, consumer products and healthcare. The Group is also active in information technology, natural resources and property development. Sustainable Approach The Eczacıbaşı Group embraces a holistic approach to sustainability that aims to achieve a balance between the needs of the business world and society – both in the present and future – and the sustainability of natural resources. Eczacıbaşı group has developed a road Social Responsibility map that takes into account not only the UN Sustainable Development Goals and global The Eczacıbaşı Group has founded and continuously supported numerous initiatives to risk, but also the challanges unique to Turkey. advance culture and the arts, scientific and public policy research, high quality education, and women in sports. -
Vodafone Turkey 2016/17 Sustainability Report Contents
Vodafone Turkey 2016/17 Sustainability Report Contents Forewords 1 Vodafone Turkey 3 Our Sustainable Business Strategy 5 Women’s Empowerment 9 Energy Innovatıon 20 Youth Skills and Employment 37 Principles and Practice 46 Our Approach to Human Rights 47 Our People 48 Occupational Health and Safety (OHS) 54 Our Contribution to The Economy and Public Policy 61 Combatting Bribery and Corruption 63 Mobiles, Masts and Health 64 Supply Chain Integrity and Safety 67 Corporate Security, Confidentiality of Information and Data Security 71 Innovation 75 Vodafone Turkey Foundation 78 Appendix 83 Contact 110 Our Sustainable Women’s Energy Youth Skills and Principles and Vodafone Turkey Vodafone Turkey Innovation Appendix BusinessStrategy Empowerment Innovatıon Employment Practice Foundation Message from Vittorio Colao CEO, Vodafone Group The modern world cannot function without and upgrading the digital infrastructure skills in a changing world. To date, it has put our aspirations into practice, and I would digital networks. Our products and services relied upon by families, communities and reached 4,558 children with an aim to reach like to thank them for their contribution to play a central role in the daily lives and companies, with an investment in Turkey of 10,000 children across 30 cities in the our commitment to building and growing livelihoods of more than half a billion 1.2 billion TL. Those investments provide 2017/18 fiscal year. Vodafone as a purpose-led, sustainable people across more than 26 countries and different demographic groups – rich and business. over 22 million mobile customers in Turkey. poor, young and old, educated and unskilled A commitment to ensuring that business Technologies such as ultrafast 4G+ mobile, – with the ability to connect, learn and goals and societal benefits are as aligned as Vittorio Colao fibre-optic networks, cloud computing and advance their ambitions. -
Alan Rickman Alan Rickman
BKV MEDYA BKV MEDYA DDM’21 ŞUBAT AYI Dizi & Filmler Fotoğraf Hikayeleri ŞUBAT AYI! ÖN SÖZ Değerli okurlar, Güncel haberlerden haberdar olmak, tarihte yaşanmış olayları öğren- mek, belki de hiç fark etmeden atladığımız özel günlerin bilincinde olmak, bu dünyayı “dünya” yapan insanların yaşamlarını öğrenmek gibi konuların zamane gençleri, yani bizler, için çok önemli olduğu aşikârdır. Maalesef elimizdeki teknolojiyi bu tür konuları öğrenmek için kullanamıyoruz. Biz, böyle büyük bir hata yaptığımızı fark ettikten sonra bir okul gazetesinde tüm bu saydıklarımı toparlayabileceğimizi, bilgileri kendi gözümüzden sunabileceğimizi düşündük ve BKV Me- dya olarak okul gazetemizi çıkardık. Gazetemizi olabildiğince “genç gözü”nden yazdık, yorumladık. Bu gazetemizde emeği geçen bütün ekiplere, okul idaremize ve BJK Kabataş Vakfı’na sonsuz teşekkürlerim- izle... EMEĞİ GEÇENLER Melis SERT Alhan AKDEMİR Yankı KARTOL F. Buket ARSU Genel Yayın Yönetmeni Editör Baş Yazar Yazar Yasemin Helin KELEŞ Lara KESKİN Erim ÜNSEV- Toprak AKSU- Rona Ali ÖZAY Yazar Yazar Yazar Yazar Yazar/Kameraman 2 ŞUBAT AYINDA SPOR Şubat ayı futbol açısından hareketli başladı transfer döneminin sonlarına yaklaşılırken transfer hareketlil- iği arttı ve Fenerbahçe İrfan Can Kahveci’yi renklerine bağladı. Beşiktaş ise eski futbolcusu Cenk Tosun ile sözleşme imzaladı. Galatasaray ise son iki sezonda sadece 14 maça çıkmış Gedson Fernandes ‘le anlaşmaya vardı. 2 Şubat’ta transfer dönemi kapanırken Mesut Özil Fenerbahçe ile ilk maçını Hatayspor’a karşı oynadı. Aynı maçta Luiz Gustavo dizinden sakatlandı ve Dmitrios Pelkas ile derbiyi kaçırdı. Gustavo’nun durumu son ana kadar netlik kazanmazken MR sonuçları beklenenden daha kötü çıktı. 6 Şubat’ta büyük derbi oynandı. Galatasaray maçı 1-0 kazanırken maça hakem Cüneyt Çakır’ın olay kararları damga vurdu. -
Master's Degree Thesis
Master’s degree thesis IDR950 Sport Management Analysis of Twitter Behaviors of Portuguese and Turkish Clubs Eduardo Perdigao Drapier Sarp Doga Tezonarici Number of pages including this page: 155 Molde, 22.05.2019 Mandatory statement Each student is responsible for complying with rules and regulations that relate to examinations and to academic work in general. The purpose of the mandatory statement is to make students aware of their responsibility and the consequences of cheating. Failure to complete the statement does not excuse students from their responsibility. Please complete the mandatory statement by placing a mark in each box for statements 1-6 below. 1. I/we hereby declare that my/our paper/assignment is my/our own work, and that I/we have not used other sources or received other help than mentioned in the paper/assignment. 2. I/we hereby declare that this paper Mark each 1. Has not been used in any other exam at another box: department/university/university college 1. 2. Is not referring to the work of others without acknowledgement 2. 3. Is not referring to my/our previous work without acknowledgement 3. 4. Has acknowledged all sources of literature in the text and in the list of references 4. 5. Is not a copy, duplicate or transcript of other work 5. I am/we are aware that any breach of the above will be 3. considered as cheating, and may result in annulment of the examination and exclusion from all universities and university colleges in Norway for up to one year, according to the Act relating to Norwegian Universities and University Colleges, section 4-7 and 4-8 and Examination regulations section 14 and 15. -
ISE Review 47.Pdf
Associate Editors Board Academicians Prof. Dr. Alaattin TİLEYLİOĞLU, Orta Doğu Teknik University Prof. Dr. Asaf Savaş AKAT, Bilgi University Prof. Dr. Birol YEŞİLADA, Portland State University, USA Prof. Dr. Burç ULENGİN, İstanbul Teknik University Prof. Dr. Cengiz EROL, İzmir Ekonomi University Prof. Dr. Coşkun Can AKTAN, Dokuz Eylül University Prof. Dr. Doğan ALTUNER, Yeditepe University Prof. Dr. Erdoğan ALKİN, İstanbul Ticaret University Prof. Dr. Erol KATIRCIOĞLU, Bilgi University Prof. Dr. Gülnur MURADOĞLU, Cass Business School, England Prof. Dr. Halil KIYMAZ, Rollins College, MBA, USA Prof. Dr. Hatice DOĞUKANLI, Çukurova University Prof. Dr. İhsan ERSAN, İstanbul University Prof. Dr. Kürşat AYDOĞAN, Bilkent University Prof. Dr. Mahir FİSUNOĞLU, Çukurova University Prof. Dr. Mehmet ORYAN, İstanbul University Prof. Dr. Mehmet Şükrü TEKBAŞ, İstanbul University Prof. Dr. Nejat SEYHUN, University of Michigan, USA Prof. Dr. Nicholas M. KIEFER, cornell University, USA Prof. Dr. Niyazi BERK, Bahçeşehir University Prof. Dr. Nuran Cömert DOYRANGÖL, Marmara University Prof. Dr. Oral ERDOĞAN, Bilgi University Prof. Dr. Osman GÜRBÜZ, Marmara University Prof. Dr. Reena AGGARWAL, Georgetown University, USA Prof. Dr. Reşat KAYALI, Yeditepe University Prof. Dr. Rıdvan KARLUK, Anadolu University Prof. Dr. Robert JARROW, Cornell University, USA Prof. Dr. Robert ENGLE, NYU-Stern, ABD Prof. Dr. Targan ÜNAL, İstanbul University Prof. Dr. Taner BERKSOY, Bahçeşehir University Prof. Dr. Ümit EROL, Bahçeşehir University Prof. Dr. Ünal BOZKURT, İstanbul University Dr. Veysi SEVİĞ, Marmara University Prof. Dr. Zühtü AYTAÇ, Bilkent University Professionals Adnan CEZAİRLİ Dr. Ahmet ERELÇİN Assoc. Prof. Ali İhsan KARACAN Dr. Atilla KÖKSAL Bedii ENSARİ Dr. Berra KILIÇ Prof. Dr. Bhaskaran SWAMINATHAN Assoc. Prof. B. J. CHRISTENSEN Cahit SÖNMEZ Çağlar MANAVGAT Çetin Ali DÖNMEZ Emin ÇATANA Erhan TOPAÇ Dr. -
43R Otobüs Saatleri Ve Hat Haritası
43R otobüs saatleri ve hat haritası 43R Kabataş →Rumelihisarüstü Web Sitesi Modunda Görüntüle 43R otobüs hattı (Kabataş →Rumelihisarüstü) arası 3 güzergah içeriyor. Hafta içi günlerde çalışma saatleri: (1) Kabataş →Rumelihisarüstü: 20:45 - 21:20 (2) Rumelihisarüstü →Kabataş: 20:19 - 20:34 (3) Rumelihisarüstü →Rumelihisarüstü: 06:00 - 20:01 Size en yakın 43R otobüs durağınıbulmak ve sonraki 43R otobüs varış saatini öğrenmek için Moovit Uygulamasını kullanın. Varış yeri: Kabataş →Rumelihisarüstü 43R otobüs Saatleri 19 durak Kabataş →Rumelihisarüstü Güzergahı Saatleri: HAT SAATLERİNİ GÖRÜNTÜLE Pazartesi 20:45 - 21:20 Salı 20:45 - 21:20 Kabataş Inebolu Sokağı, Caglayan Çarşamba 20:45 - 21:20 Beşiktaş Meydan / Levent Yönü Perşembe 20:45 - 21:20 Eski Yıldız Caddesi, Caglayan Cuma 20:45 - 21:20 Barbaros Bulvarı / Levent Yönü Cumartesi 20:45 - 21:20 Barbaros Bulvarı, Caglayan Pazar 21:05 - 21:20 Yıldız Teknik Üniversitesi Ertuğrul Sitesi Barbaros Bulvarı, Caglayan 43R otobüs Bilgi Darphane / Levent Yönü Yön: Kabataş →Rumelihisarüstü Barbaros Bulvarı, Caglayan Duraklar: 19 Yolculuk Süresi: 24 dk Balmumcu / Levent Yönü Hat Özeti: Kabataş, Beşiktaş Meydan / Barbaros Bulvarı, Caglayan Levent Yönü, Barbaros Bulvarı / Levent Yönü, Yıldız Teknik Üniversitesi, Ertuğrul Sitesi, Zincirlikuyu Metrobüs Darphane / Levent Yönü, Balmumcu / Levent Yönü, Zincirlikuyu Metrobüs, Zincirlikuyu, Zincirlikuyu Levent / Rumelıhısarıüstü Yönü, Etiler Mesleki Ve Teknik Anadolu Lisesi, Akmerkez / Levent / Rumelıhısarıüstü Yönü R.Hısarüstü Yönü, Çarşı / R.Hısarüstü Yönü,