Çalık Holding

Turkish company's lira bond issuance oversubscribed

Çalık Enerji, a Çalık Holding-Mitsubishi Corporation partnership, said Feb. 6 it increased its bond issuance amount initially set at 100 million Turkish Liras to 150 million liras due to strong demand. 

The proceeds from the issuance, placed by ÜNLÜ & Co, will be used for the financing of the company's energy investments, the company said in a statement. 

5th Turkey Innovation Week starts in Istanbul

The 5th Turkey Innovation Week, during which dozens of innovation gurus from 10 different countries in various disciplines will meet, started on Dec. 8 in Istanbul. 

The three-day event is organized by the Turkish Exporters' Assembly (TİM) in a bid to support innovative ideas and works to strengthen sustainable development under the coordination of the Economy Ministry.