İş Yatırım

One of China's biggest mobile phone maker Tecno Mobile has begun manufacturing in Turkey with an investment of $35 million, a company statement said on May 24.

"We plan to employ around 1,000 people at our production facility at Istanbul's Pendik district in the first year of trading," said Hank Li, Tecno Mobile's Turkey manager.

The acquisition of a 10% share in Turkish stock exchange Borsa Istanbul by the Qatari state Investment Authority was completed on Nov. 30.

According to a statement from the Turkiye Wealth Fund (TWF), the transaction size of $200 million implies a total equity value of $2 billion.

Turkey's annual gold production "may easily reach 50 tons within the next two-three years, thanks to new investment projects," the head of the Turkish Gold Miners Association has said.

Turkey's banking sector regulator BDDK has approved the establishment of a new investment and development bank, named Golden Global Yatırım Bankası.

Turkish fashion retailer Mavi Giyim's initial public offering (IPO) is seen priced at 43 to 51 lira per share, valuing the jeans maker at up to 2.5 billion lira ($700 million), a source close to the matter told Reuters on May 30.

Japanese company Mitsui & Co has acquired a 30 percent stake in Koç Holding's technological investment company Inventram, the companies' top executives said in a joint press meeting on Nov. 7. 

The European Bank for Reconstruction and Development (EBRD) is entering exclusive negotiations to acquire a 10 percent stake in Borsa Istanbul, in a landmark deal which will support Turkey's efforts to reshape its capital markets, the EBRD has said in a statement.

Istanbul is an historical economic power and London is the capital city of the modern economy, and the unity of these two cities is important for both the European and the global economy, Turkish Prime Minister Ahmet Davuto?lu said on Jan. 20.

There remains a lot of interest in Turkey among international investors, a London Stock Exchange official told Anadolu Agency on Jan. 16.

Borsa Istanbul, Turkey's main stock exchange, signed a deal on Jan. 13 allowing the London Stock Exchange to list futures and options based on the BIST 30 Index and on leading Turkish stocks. The deal is subject to regulatory approval.