DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 01.01 - 31.12.2012 ANNUAL REPORT GENERAL INFORMATION CONTENTS A. GENERAL INFORMATION • Corporate Profile 3 • Our Vision, Our Mission, Our Values 4 • Ray Sigorta from Past to Present 5 • Main Indicators 6 • Letter of Chairman of The Board of Director 8 • Letter of The General Manager 9 • About Vienna Insurance Group 10 • Review of Ray Sigorta in 2012 12 • Ray Sigorta Research and Development Studies 14 B. BOARD OF DIRECTORS AND SENIOR MANAGEMENT • Board of Directors and Board Management 18 • Statutory and Internal Auditing Department 24 • Organization Chart 25 • Agenda of The Ordinary General Assembly Meeting of Ray Sigorta A.Ş. 26 • Ray Sigorta A.Ş. Dividend Distribution Policy 27 • Corporate Governance Principles Compliance Report 28 • Human Resources Practices 40 • Compliance With The Legislation on Laundering of The Proceeds of Crime and Prevention of Terrorism Financing 41 • Internal Audit 42 C. FINANCIAL INFORMATION AND RISK MANAGEMENT • Risk Management and Internal Control Activities 46 • Risk Management Policies Information on Risk Types 2 and Implemented Risk Management Policies 47 • Statutory Auditors Report 49 D. FINANCIAL STATEMENTS • Balance Sheets 55 • Income Statements 61 • Cash Flow Statements 65 • Owners’ Equity Statements 66 • Explanatory Footnotes Related to Financial Statements 67 • Appendix 1 - Statements of Profit Appropriation 124 CORPORATE PROFILE Leaving 54 years behind in the insurance industry, Ray Regional Headquarters / Branches: 3 Sigorta generated 304,400,258 TL premiums in 2012 and was ranked as the 17th among the companies operating in Istanbul Anatolian Regional Office the elementary branch, with 1.77 market share. Sahrayıcedid Mah. Halk Sokak No: 33 Golden Plaza İş Merkezi F Blok Kat: 1 Kozyatağı 34734 As of end 2012, Ray Sigorta runs its operations with seven Kadıköy / Istanbul Regional Directorates, one Regional Representative, one Phone : (+90) 216 411 16 06 call center and 246 employees. Fax : (+90) 216 411 16 19 Ray Sigorta successfully carried out its vision of being a Istanbul European Side Regional Office value creating company in its field with the 790 agencies, Istanbul Dünya Ticaret Merkezi B-1 Blok Kat:9 65 branch bans, 53 brokers, six leasing companies, 818 No: 319 - 320 Yeşilköy / Istanbul contracted car services in three provinces, and 2,656 Phone : (+90) 212 465 40 45 contracted health institutions it provided services in 2012. Fax : (+90) 212 465 40 75 Ray Sigorta achieved all the targets it set for 2012, and is Central Anatolian Regional Office going to continue applying its productivity and profitability Farabi Sokak No: 40/A 06690 focused strategy in 2013, increasing its success further. Kavaklıdere / Ankara Ray Sigorta will continue working for strengthening its Phone : (+90) 312 428 50 50 brand awareness and customer satisfaction level. Fax : (+90) 312 428 50 49 Facts About Ray Sigorta: Aegean Regional Office Trade Name : Ray Sigorta A.Ş. Halit Ziya Bulvarı No: 72 Taner İşhanı A Blok Trade Register Numberı : 297257-244839 Kat: 2 35210 Izmir Phone : (+90) 232 483 72 46 e-mail : [email protected] Fax : (+90) 232 489 86 05 Investor Relation e-mail : [email protected] Website : www.raysigorta.com.tr Marmara Regional Office Investor Relation Phone : (+90) 212 363 26 86 Lefkoşe Cad. A Blok Kat: 3 No: 34 - 36 Headquarters : Cumhuriyet Mahallesi Nilüfer / Bursa Haydar Aliyev Cad. Phone : (+90) 224 211 28 27 No: 28 Sarıyer /İstanbul Fax : (+90) 224 211 28 37 Correspondence Address : Ray Sigorta A.Ş. Southeastern Anatolian Regional Office Genel Müdürlük Çınarlı Mah.Atatürk Cad. No: 15 İdeal Plaza Cumhuriyet Mahallesi Kat: 7 01120 Seyhan / Adana Haydar Aliyev Caddesi Phone : (+90) 322 457 06 83 No: 28 34457 Fax : (+90) 322 454 77 61 Sarıyer / İstanbul Phone : (+90) 212 363 25 00 Mediterranean Regional Office Fax : (+90) 212 299 48 49 Konyaaltı Cad.Antmarin İş Merkezi No: 24 Kat: 6 07050 Konyaaltı / Antalya Phone : (+90) 242 247 20 25 Fax : (+90) 242 247 39 59 TRNC Branch Bedrettin Demirel Cad. Arabacıoğlu - 7 Apt. No: 123/7 Lefkoşa / KKTC Phone : (+90) 392 227 03 80 Fax : (+90) 392 227 03 83 OUR VISION; OUR VALUES; To be the company that creates value and guides We are… 4 the insurance business. a Family, To rank among the top five companies operating in the non-life insurance industry, by 2015. Honest, Respectful to ethical values, OUR MISSION; Fair, To continuously improve its accumulation of Transparent and Sharing, knowledge owned, its product infrastructure, its reliable service mentality, its strong technology and human resources with an innovative perspective; Strong together, and become the preferred company by its customers, business partners, stakeholders and Creative and Productive, its employees. and, Our Agencies and Brokers are the most valuable business partners of our company and they will receive from us the best service in the insurance We value people. industry. RAY SİGORTA FROM PAST TO PRESENT • Founded in 1958 on the initiatives of the • 81.59 percent shares of the company national transportation companies (Turkish belonged to TBIH Services Group N.V, Airlines - THY, Turkish Maritime 12.67 percent shares to Vienna Insurance Organization, Turkish State Railways, and Group (VIG), and 5.7 percent was public in Turkish Post - PTT) 2011. • Privatized by Doğan Holding in 1992. • Total Premium production by Ray Sigorta in 2012: 304,400,258 • TBIH Financial Services Group, a subsidiary of VIG acquired 74. 26 percent of shares • Market share of Ray Sigorta in 2012: 1,77 for the company in 2007. • Ray Sigorta ranks 17 th among the • Ray Sigorta included the Vienna Insurance insurance companies in 2012. Group in its logo in 2008. • 84.26 percent shares of the company belonged to VIG, 10 percent to Doğan Group, and 5.74 percent was public in 2009. 5 MAIN INDICATORS SHARE HOLDER STRUCTURE SHARE HOLDER NUMBER OF SHARES VALUE OF SHARES SHARE RATIO % TBIH Financial Services Group N.V. 13,304,862,688.00 133,048,626.88 81.59% Vienna Insurance Group Wiener Staedtische Versicherung AG 2,066,352,811.00 20,663,528.11 12.67% Other 935,770,101.00 9,357,701.01 5.74% TOTAL 16,306,985,600.00 163,069,856.00 100.00% Capital Increase Certificate No 2191, issued by the 163,069,856 (one hundred and three million sixty Republic of Turkey Prime Ministry Capital Markets nine thousand eight hundred and fifty six) within the Board on 21.12.2011 certifying that our Company’s upper limit of registered capital, has been published issued capital has been raised by TL 26,000,000 in the Trade Registry Gazette of Turkey No 7973 and (twenty six million) against cash payment from TL dated 30.12.2011 after its registration by Istanbul 137,069, 856 (one hundred and thirty seven million Trade Register Office on 26.12.2011. sixty nine thousand eight hundred and fifty six) to TL FINANCIAL INDICATORS SUMMARY OF FINANCIAL INDICATORS 2012 2011 Total Assets 322,604,991 305,929,724 Paid-In Capital 163,069,856 163,069,856 Shareholder’s Equity 90,198,223 86,461,101 Written Premiums 304,400,258 252,962,810 Earned Premiums - Net 152,216,874 137,096,909 Incurred Damages - Net -100,603,726 -97,147,093 Other Technical Revenue/Expenditure-Net -4,039,179 -1,497,471 Operating Expenses -45,852,033 -41,408,620 Change in Other Technical Provisions -398,840 -951,179 Investment Revenues Transferred to Technical Part 8,324,843 5,772,414 Technical Part Balance 9,647,939 1,864,960 Net Profit/Loss 3,737,122 340,377 (THOUSAND WRITTEN PREMIUMS SHARE % CHANGE % TL) 2011 2012 2011 2012 FIRE 54,808 68,826 25.6% 21.7% 20.6% TCIP 5,270 7,429 41.0% 2.1% 2.4% TRANSPORT 21,965 21,998 0.2% 8.7% 7.2% ACCIDENT 126,263 154,112 22.1% 49.9% 50.6% ENGINEERING 33,681 43,864 30.2% 13.3% 14.4% AGRICULTURE 6,191 3,483 -43.7% 2.4% 1.1% HEALTH 4,785 4,689 -2.0% 1.9% 1.5% TOTAL 252,963 304,400 20.3% 100.0% 100.0% (THOUSAND RETENTION PREMIUM RETENTION RATIO % CHANGE % TL) 2011 2012 2011 2012 FIRE 9,836 9,292 -5.5% 17.9% 13.5% 6 TCIP 0 0 0.0% 0.0% 0.0% TRANSPORT 8,323 8,553 2.8% 37.9% 38.9% ACCIDENT 111,183 139,128 25.1% 88.1% 90.3% ENGINEERING 5,716 7,404 29.5% 17.0% 16.9% AGRICULTURE 0 0 0.0% 0.0% 0.0% HEALTH 816 1,015 24.4% - 21.7% TOTAL 135,874 165,391 21.7% 53.7% 54.3% 7 8 Karl Fink Ray Sigorta Chairman of the Board of Directors Dear Ladies and Gentlemen, The Central and East European region extending profitability have proved to be successful. On top of the from the Baltic Sea to Black Sea is among the world’s increase recorded in premiums, result before tax has most dynamic and growing regions along with Asia also increased remarkably. and South America in population. One of the targets declared by the Vienna Insurance Group, one of the The strategic rearrangement of the product portfolio leading insurance companies of the Central and was continued, and in this context the focus was Eastern Europe region is to harness the potential from mainly placed on the non-vehicle insurance products. the populations increasing insurance requirements New standards have been established in the Turkish in the best possible manner. insurance market with the successful implementation of the accident insurance named “Aura” and a very Turkey is a part of this region and in 2012 the country positive performance has emerged in a very short has indicated a great improvement by meeting the time.
Load more

Recommended publications
  • CATALOGUE of INVESTMENT OPPORTUNITIES Republic of Croatia
    CATALOGUE Of INVESTMENT OPPORTUNITIES Republic of Croatia IntroductIon Zagreb, June 2013 Dear Prospective Investor, We are delighted to present you with the Catalogue of Investment Opportunities, an overview of various investment projects in the Republic of Croatia. By bringing this Catalogue to your attention, we wish to introduce you to the remarkable investment potential Croatia has in various economic sectors - potential that can bring numerous rewards to our interested international partners. Collecting noteworthy projects in one brochure and presenting them to a wider audience is a part of Croatian Government’s dedicated efforts of attracting investment and improving business climate in Croatia. This glimpse of Croatia’s current investment potential entails some of the most interesting projects offered in Croatia and promoted by relevant institutions working in the field of attracting investments, i.e. Ministry of Regional Development and EU Funds, Ministry of Foreign and European Affairs, Ministry of Economy, Ministry of Entrepreneurship and Crafts, Ministry of Maritime Affairs, Transport and Infrastructure, Agency for Investments and Competitiveness, Center for Monitoring Business Activities in the Energy Sector and Investments, Croatian Agency for SMEs and Investments and Croatian Chamber of Economy. Aware of the importance of foreign direct investments for a dynamic and sustainable growth of the economy, the Croatian Government recently considerably increased incentives for launching investment projects and has been continuously implementing new regulations to encourage investors to expand their business operations to the Republic of Croatia. Our goal is for Croatia to become one of the most attractive investment destinations in Europe. To this end, the Croatian Government will continue to further develop our business environment and the already existing high quality services Croatia offers to foreign investors.
    [Show full text]
  • Journal of the Faculty of Law of Gazi University Gazi Üniversitesi Hukuk
    Gazi Üniversitesi Journal of The Hukuk Fakültesi Faculty of Law of Dergisi Gazi University Cilt. XIII, Haziran-Aralık 2009, Sayı 1-2 Vol. XIII, June-December 2009, No. 1-2 2010 GAZİ ÜNİVERSİTESİ HUKUK FAKÜLTESİ DERGİSİ Gazi Ünversitesi Journal of The Faculty of Law of Hukuk Fakültesi Dergisi Gazi University Sahibi : Owner : Prof. Dr. İhsan ERDOĞAN Prof. Dr. İhsan ERDOĞAN Sorumlu Yazı İşleri Müdürü Responsible Chief Editor Prof. Dr. İhsan ERDOĞAN Prof. Dr. İhsan ERDOĞAN Editörler: Editors : Prof. Dr. Vahit DOĞAN Prof. Dr. Vahit DOĞAN Doç. Dr. İlhan ÜZÜLMEZ Assoc. Prof. Dr. İlhan ÜZÜLMEZ Yrd. Doç. Dr. Hayrettin ÇAĞLAR Assist. Prof. Dr. Hayrettin ÇAĞLAR Yayın Kurulu : Editorial Board : Prof. Dr. Vahit DOĞAN Prof. Dr. Vahit DOĞAN Doç. Dr. İlhan ÜZÜLMEZ Assoc. Prof. Dr. İlhan ÜZÜLMEZ Yrd. Doç. Dr. Hayrettin ÇAĞLAR Assist. Prof. Dr. Hayrettin ÇAĞLAR Yayın Yönetmeni : Publishing Manager : Prof. Dr. İhsan ERDOĞAN Prof. Dr. İhsan ERDOĞAN Bu dergi yılda iki defa yayınlanır This Journal is published two times a year ISSN-1302-0013 Gazi Üniversitesi Hukuk Fakültesi Dergisi 1997 yılından itibaren yılda 2 sayı olarak yayınlanmakta olan hakemli bir dergidir. Basım Tarihi: 20.05.2010 DANIŞMANLAR KURULU Prof. Dr. Şahin AKINCI Selçuk Üniversitesi Hukuk Fakültesi Prof. Dr. Bahtiyar AKYILMAZ Gazi Üniversitesi Hukuk Fakültesi Prof. Dr. Enver BOZKURT Kırıkkale Üniversitesi Hukuk Fakültesi Prof. Dr. Anıl ÇEÇEN Ankara Üniversitesi Hukuk Fakültesi Prof. Dr. Aydın GÜLAN İstanbul Üniversitesi Hukuk Fakültesi Prof. Dr. Fırat ÖZTAN Çankaya Üniversitesi Hukuk Fakültesi Prof. Dr. Adem SÖZÜER İstanbul Üniversitesi Hukuk Fakültesi Prof. Dr. Cemal ŞANLI İstanbul Üniversitesi Hukuk Fakültesi Prof. Dr. Süha TANRIVER Ankara Üniversitesi Hukuk Fakültesi Prof.
    [Show full text]
  • Area-Wide Management of Insect Pests: Integrating the Sterile Insect and Related Nuclear and Other Techniques
    Third FAO/IAEA International Conference on Area-Wide Management of Insect Pests: Integrating the Sterile Insect and Related Nuclear and Other Techniques BOOK OF ABSTRACTS Organized by the 22–26 May 2017 Vienna, Austria CN-248 Organized by the The material in this book has been supplied by the authors and has not been edited. The views expressed remain the responsibility of the named authors and do not necessarily reflect those of the government of the designating Member State(s). The IAEA cannot be held responsible for any material reproduced in this book. Table of Contents Session 1: Operational Area-wide Programme .............................................................................. 1 Past, Present and Future: A Road Map to Integrated Area-wide Systems and Enterprise Risk Management Approaches to Pest Control ......................................................................................... 3 Kenneth BLOEM Technological Innovations in Global Desert Locust Early Warning .................................................... 4 Keith CRESSMAN Area-wide Management of Rice Insect Pests in Asia through Integrating Ecological Engineering Techniques .......................................................................................................................................... 5 Kong Luen HEONG Exclusion, Suppression, and Eradication of Pink Bollworm (Pectinophora gossypiella (Saunders)) from the Southwestern USA and Northern Mexico............................................................................ 7 Eoin DAVIS
    [Show full text]
  • Brisa Bridgestone Sabanci Lastik Sanayi Ve Ticaret A.Ş
    BRİSA BRIDGESTONE SABANCI LASTİK SANAYİ VE TİCARET A.Ş. 01.01.2018 – 31.12.2018 ANNUAL REPORT BRİSA BRIDGESTONE SABANCI LASTİK SANAYİ VE TİCARET A.Ş. BOARD OF DIRECTORS ANNUAL REPORT PREPARED AS PER THE CAPITAL MARKETS BOARD NOTIFICATION NO II-14.1 Reporting Period January 1, 2018 - December 31, 2018 Name of Partnership / Commercial Registry No. Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.Ş . / 126429 – 73647 İzmit Factory Plant Alikahya Fatih Mahallesi, Sanayi Caddesi, No:98, 41220 İ zmit-Kocaeli Phone : (262) 316 40 00 Fax: (262) 316 40 40 Aksaray Factory Plant Erenler OSB Mahellesi, Recep Tayyip Erdoğan Bulvarı, No:21/1, Taşpınar-Merkez-Aksaray Marketing and Sales Office Küçük Çamlıca Mahallesi, Ş ehit İ smail Moray Sokak No: 2/1 34662 Altunizade, Üsküdar, İ stanbul Phone : (216) 544 35 00 Fax : (216) 544 35 35 Web Address www.brisa.com.tr Corporate e-mail Address [email protected] i BRİSA BRIDGESTONE SABANCI LASTİK SANAYİ VE TİCARET A.Ş. BOARD OF DIRECTORS ANNUAL REPORT PREPARED AS PER THE CAPITAL MARKETS BOARD NOTIFICATION NO II-14.1 CONTENTS Chairman’s Message 1. Briefly Brisa ................................................................................................................................... 1 1.1. We Drive On With Courage .......................................................................................................... 1 1.2. Capital and Shareholding Structure ............................................................................................. 4 1.3. Organizational Chart ....................................................................................................................
    [Show full text]
  • Integrated Annual Report 2018
    A LEADING BRAND HIGH TECHNOLOGY STRONG PRODUCTION 2018 INTEGRATED ANNUAL REPORT CONTENTS 01 FROM THE MANAGEMENT 04 WORK ENVIRONMENT AND RISKS 4 Message from the Chairman of the Board of 42 Economic and sector overview Directors 46 Risks, opportunities and Çimsa’s Approach 6 Message from the General Manager 10 Board of Directors 05 2018 PERFORMANCE 11 Senior Management 52 Economic Performance 54 Investments 02 ABOUT ÇİMSA 55 R&D and Innovation 14 Corporate Profile 59 Corporate Development and Human Resources 16 Çimsa At A Glance 67 Occupational Health and Safety 18 Domestic Facilities 70 Climate and Energy 19 International Terminals 74 Environmental Management 20 Milestones: Çimsa’s 46 Year Journey Of 78 Corporate Communication Success 06 BOARD OF DIRECTORS ANNUAL REPORT 03 STRATEGY AND STAKEHOLDERS 82 Prepared With Respect To Communiqué No: 24 The Strategy of Çimsa and Value Creation Series: II-14.1 Process 1 January - 31 December 2018 Annual Report of the 28 The Business Model of Çimsa Board of Directors 30 The Values Produced by Çimsa and Objectives 32 The Business Model - 2018 Performance 07 FINANCIAL STATEMENTS&INDEPENDENT AUDIT REPORT 34 Stakeholders, Priorities and Communication 122 Independent Auditor Report and Consolidated Financial Channels of Çimsa Statements 36 Prioritization Analysis and Matrix 124 Profit Distribution Suggestion and Results 38 Sustainable Development Goals and Çimsa 39 Sustainability Management at Çimsa 08 APPENDICES 214 Performance Tables for Çimsa 2017-2018 220 Independent Assurance Declarations 224 ÇİMSA - GRI Standards Index 231 UN Global Compact - 2018 Communication on Progress COMMUNICATION To access the PDF copy of Çimsa’sT2018 Integrated Annual Report, scan the QR code in your browser.
    [Show full text]
  • Rising Powers' Humanitarian Diplomacy Practices
    European Integration - Realities and Perspectives. Proceedings 2018 International Relations in the Contemporary World. Geopolitics and Diplomacy The Changing Nature of Diplomacy: Rising Powers’ Humanitarian Diplomacy Practices Ceren Urcan1 Abstract: In this study, the ways of how the sample rising powers conduct their humanitarian diplomacy are analyzed since there is heterogeneity such in the other fields of foreign policy implementations. Rising powers’ foreign policies and their soft power tools are a debatable issue in general. However, this study goes into much detail within the scope of humanitarian diplomacy and humanitarian aid as a part of it. The case study includes the sample countries which are Turkey, Brazil and China. The official reports, official foreign policies and their implementations are considered in the analysis. Turkey’s perception on humanitarian issues is based on the idea of humanity and international responsibility with its historical and cultural history. Brazil’s focus on humanitarian issues is mostly related to both its foreign policies and multilateralism tendencies. China has deep philosophical thoughts and some long-term goals. Even the policies of case countries seem in this way in principle and humanitarian issues are universally accepted issues, when the implementations are analyzed, there are some differences that inhibit us to reach a general conclusion and prove the heterogeneity in the practices. Thus, this study is an important contribution for such privatized diplomacy theme regarding the sample rising powers. Keywords: humanitarian aid; foreign policy; emerging powers; responsibility; humanitarian report 1. Introduction The general definition of power is to ability to influence and effect the behaviours’ of other to get what you want.
    [Show full text]
  • A Leading Brand High Technology Strong Production
    A LEADING BRAND HIGH TECHNOLOGY STRONG PRODUCTION 2018 INTEGRATED ANNUAL REPORT CONTENTS 01 FROM THE MANAGEMENT 04 WORK ENVIRONMENT AND RISKS 4 Message from the Chairman of the Board of 42 Economic and sector overview Directors 46 Risks, opportunities and Çimsa’s Approach 6 Message from the General Manager 10 Board of Directors 05 2018 PERFORMANCE 11 Senior Management 52 Economic Performance 54 Investments 02 ABOUT ÇİMSA 55 R&D and Innovation 14 Corporate Profile 59 Corporate Development and Human Resources 16 Çimsa At A Glance 67 Occupational Health and Safety 18 Domestic Facilities 70 Climate and Energy 19 International Terminals 74 Environmental Management 20 Milestones: Çimsa’s 46 Year Journey Of 78 Corporate Communication Success 06 BOARD OF DIRECTORS ANNUAL REPORT 03 STRATEGY AND STAKEHOLDERS 82 Prepared With Respect To Communiqué No: 24 The Strategy of Çimsa and Value Creation Series: II-14.1 Process 1 January - 31 December 2018 Annual Report of the 28 The Business Model of Çimsa Board of Directors 30 The Values Produced by Çimsa and Objectives 32 The Business Model - 2018 Performance 07 FINANCIAL STATEMENTS&INDEPENDENT AUDIT REPORT 34 Stakeholders, Priorities and Communication 122 Independent Auditor Report and Consolidated Financial Channels of Çimsa Statements 36 Prioritization Analysis and Matrix 124 Profit Distribution Suggestion and Results 38 Sustainable Development Goals and Çimsa 39 Sustainability Management at Çimsa 08 APPENDICES 214 Performance Tables for Çimsa 2017-2018 220 Independent Assurance Declarations 224 ÇİMSA - GRI Standards Index 231 UN Global Compact - 2018 Communication on Progress COMMUNICATION To access the PDF copy of Çimsa’sT2018 Integrated Annual Report, scan the QR code in your browser.
    [Show full text]
  • Stalinism Revisited Stalinism Revisited
    CYAN MAGENTA YELLOW BLACK Stalinism Revisited Stalinism Revisited Stalinism Revisited brings together representatives of multiple generations to create a rich examination The Establishment of Communist Regimes in East-Central Europe of the study and practice of Stalinism. While the articles are uniformly excellent, the book’s signal contribution is to bring recent research from Eastern European scholars to an English-speaking audience. Thus the volume is not just a “state of the discipline” collection, in which articles are collected to reflect that current situation of scholarship in a given field; instead, this one includes cutting edge scholarship that will prompt more of the same from other scholars in other fields/subfields. I would recommend this book highly to anyone interested in understanding the technology of Stalinism in both StalinismStalinism thought and practice. Nick Miller Boise State University The Sovietization of post-1945 East-Central Europe—marked by the forceful imposition of the Soviet- type society in the region—was a process of massive socio-political and cultural transformation. Despite its paramount importance for understanding the nature of the communist regime and its RevisitedRevisited legacy, the communist take-over in East Central European countries has remained largely under- researched. Two decades after the collapse of the communist system,Stalinism Revisited brings together a remarkable international team of established and younger scholars, engaging them in a critical re-evaluation of the institutionalization of communist regimes in East-Central Europe and of the period of “high Stalinism.” Sovietization is approached not as a fully pre-determined, homogeneous, and monolithic transformation, but as a set of trans-national, multifaceted, and inter-related processes of large-scale institutional and ideological transfers, made up of multiple “takeovers” in various fields.
    [Show full text]
  • Board of Director's Activity Report As of 31 December 2013
    Çimsa Çimento Sanayi ve Ticaret A.Ş. SERIAL NO: II ACTIVITY REPORT OF THE BOARD OF DIRECTORS PREPARED IN ACCORDANCE WITH COMMUNIQUE NO. 14.1 01 JANUARY 2013 - 31 DECEMBER 2013 ACTIVITY REPORT OF THE BOARD OF DIRECTORS INDEPENDENT AUDIT REPORT ON ANNUAL ACTIVITY REPORT Çimsa Çimento Sanayi ve Ticaret Anonim Şirketi To Board of Directors 1. As part of our independent audit, we have evaluated whether the financial information provided in the annual activity report prepared as of 31 December 2013 by Çimsa Çimento Sanayi ve Ticaret Anonim Şirketi and assessments and comments from the Board of Directors are consistent with the independently examined financial statements of the same date. 2. It is the responsibility of Company management to prepare the annual activity report in compliance with the Communiqué on Determining the Minimum Content of Annual Activity Reports of Companies. 3. As an independent audit institution, the responsibility that we bear is to express opinions on the consistency between the financial information provided in the annual activity report and the independently reviewed financial statements which are the subject of the independent auditor report dated 04 March 2014. Our evaluation has been carried out in accordance with procedures and principles on preparation and publication of annual activity reports put into effect pursuant to Article 6102 of the Turkish Commercial Code ("TTK"). These regulations foresees the planning of execution in a way to ensure reasonable assurance on whether there is an important mistake regarding the consistency between the financial information provided in the annual activity report and the independently reviewed financial statements as well as information obtained by the independent auditor during audit.
    [Show full text]
  • Yugoslavia and the Cold War
    COLD WAR INTERNATIONAL HISTORY PROJECT BULLETIN 10 111 Yugoslavia and the Cold War Co-editor’s note: During the early years of the Cold Soviet and Yugoslav documents on the meetings. Csaba War, Yugoslavia became one of the focal points of the Békés, a research fellow at the Institute for the History of East-West rivalry. As part of its “containment” strategy, the 1956 Hungarian Revolution, offers an interesting the United States tried to promote fissures within the snapshot of both Stalin’s thinking about the establishment Communist world that would undercut Soviet expansion- of the Communist Information Bureau (Cominform) as ism and eventually lead to the disintegration of the Soviet well as Yugoslav (and Hungarian) perspectives on the empire. As recent studies have shown, the break between organization in 1947. By contrast, the document found Joseph Stalin and Josip Broz Tito was hailed as a major and published by the Russian historian Dmitrii success of this “wedge strategy” and influenced U.S. Volkogonov throws new light on one of the more bizarre policy towards Moscow’s Eastern European and Asian efforts in the late Stalin years to eliminate the Yugoslav allies in the ensuing years. After the split became evident leader. Documents obtained from the Russian Foreign in 1948, the Truman administration adopted a policy of Ministry Archives by former CWIHP fellow Andrei “keeping Tito afloat” by extending military support and Edemskii illuminate the difficult process of Soviet- economic aid to Tito. Efforts to promote Tito’s influence Yugoslav rapprochement in the mid-1950s. Gibianskii’s among the satellites and to entice Tito to join NATO, second essay, as well as the documents concluding this pursued by both the Truman and the Eisenhower adminis- Bulletin section, explore the evolution of Soviet-Yugoslav trations, however, failed.
    [Show full text]
  • Project Kupari
    PROJECT KUPARI Project Kupari, Kupari POTENTIAL TRANSACTION: The main goal of this potential transaction is to contribute The project is on one of the most attractive locations in to further development of high-end tourism in Dubrovnik- the region which covers a land area of 14 hectares Neretva County through the completion of the state foreseen for building/reconstruction of hotel owned real estate project Kupari. accommodation capacities with approximately 1,500 beds. OBJECTIVE: To develop the Project by investing in the construction of a new tourist resort, including new facilities and amenities, and introducing modern destination management practices. TRANSACTION MODEL: January 16th - call for expressions of interest (dur. 30 days) March 2014 - the international invitation to tender in order to select the best tenderer for contracting the rights to build and usufruct. CURRENT STATUS OF THE REAL ESTATE INCLUDED IN THE PROJECT: The Kupari Tourist Complex is a former military resort, Today a part of the resort (Kupari I) includes five non- situated in the village Kupari, near the Old City of operating hotels. The total accommodation capacity of Dubrovnik (11 km) and Dubrovnik International Airport all five hotels, situated near the waterline, was 1,626 (16 km). beds. At the beginning of the 1990s the whole complex was All facilities are in a very poor condition and need destroyed and no investments have been made in significant reconstruction or rebuilding. reconstruction of existing or building new capacities since. PORTFOLIO OF EXISTING FACILITIES: Grand Hotel: built in 1920, renovated in 1979, with a Goričina II Hotel: built in 1980, with 352 beds, net 2 total of 139 beds and net developed area of 6,102 m .
    [Show full text]
  • Annual Report 2012
    Annual Report 2012 www.cimsa.com.tr www.cimsa.com.tr Contents 02 Agenda or the Ordinary General Assembly 04 Our Vision, Mission, Values 06 Corporate Rofile 06 Milestones 08 Message From The Chairman 10 Board Of Directors 11 Senior Management 12 Biographies of Board of Directors 14 Biographies of Senior Management 18 An Assesment of The Cement Industry in 2012 20 Domestic Cement Facilities 24 Foreign Terminals 26 Cement Types 28 Ready Mixed Concrete Products 30 Ready Mixed And Concrete and Aggregate Operations 32 2012 Investments 34 Çimsa Sustainability Approach 36 Social Responsibility 38 Corporate Development and Human Resources 42 Annual Report 2012 59 Auditor’s Report 60 Consolidated Financial Statements and Report of Independent Auditors 140 Profit Distribution Table as of December 31st 2012 142 Addresses Agenda of the Ordinary General Assembly The Agenda of the Ordinary General Assembly for ÇİMSA ÇİMENTO SANAYİ ve TİCARET A.Ş. to be held on March 27th 2013 Agenda: 1. Call to order and composition of the Administrative Board. 2. Authorization of the Administrative Board to approve the meeting minutes of the General Assembly. 3. Reading and Discussion of the 2012 Board of Directors’ Annual Report and the summaries of Audit Committee’s report and the Independent Auditor’s report. 4. Informing the General Assembly on donations and charities made within year 2012. 5. Determining the limits of donations the company will make regarding year 2013. 6. Informing the General Assembly regarding transactions done with related parties within year 2012. 7. Informing the General Assembly regarding indemnities, securities, liens given in favor of 3rd parties and obtained incomes or benefits within year 2012.
    [Show full text]