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Istanbul Stock Exchange
The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) ( tr, İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange ( tr, İstanbul Altın Borsası, İAB) and the Derivatives Exchange of Turkey ( tr, Vadeli İşlem Opsiyon Borsası, VOB) under one umbrella. It was established as an incorporated company with a founding capital of 423,234,000 (approx. US$240 million) on April 3, 2013, and began to operate on April 5, 2013. Its slogan is ''worth investing''. Shareholders of Borsa İstanbul are: 49% Government of Turkey, 41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB brokers and 0.3% IAB members. It is planned that all the Government-owned shares will be offered for sale. Among the executives of the nine-member board of directors, which is presided by chairman Himmet Karadağ, are former deputy chairman of ISE Osman Akyüz, former head of VOB Işınsu Kestelli, Merrill Lynch Investment Bank G ...
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Borsa Istanbul Logo
Borsa may refer to: Places Greece * Borsas, a village in the municipal unit of Mykines, Argolis, Greece Norway *Børsa, a village in Skaun municipality in Trøndelag county, Norway *Børsa (municipality), a former municipality in Trøndelag county, Norway *Børsa Church, a church in Skaun municipality in Trøndelag county, Norway Romania *Borșa ( hu, Borsa), a town in Maramureș County * Borșa, Cluj, a commune in Cluj County, which includes Borșa-Cătun and Borșa-Crestaia villages *Borșa, a village in Săcădat Commune, Bihor County *Borșa, a village in Vlădeni Commune, Iași County *Borșa (river), a river in Cluj County Slovakia * Borša, a village in Slovakia * Hruba Borsa, a village and municipality in western Slovakia People * Andrea Borsa (born 1972), Italian football player * Andy Borsa (1944–2016), American politician * Emilio Borsa (1857–1931), Italian painter *James Borsa (c. 1260 – 1325/1332), lord in the Kingdom of Hungary *Roger Borsa (1060/1 – 1 ...
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Ottoman Public Debt
The Ottoman public debt was a term which dated back to 24 August 1855,
when the first entered into loan contracts with its European creditors shortly after the beginning of the . The Empire entered into subsequent loans, partly to finance railway construction and partly to finance deficits between revenues and the lavish expenditure of the Imperial court. Some financial commentators have noted that the terms of these loans were exceptionally favourable to the French and British banks which facilitated the ...
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Equities
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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Security (finance)
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ...
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Grand National Assembly Of Turkey
The Grand National Assembly of Turkey ( tr, ), usually referred to simply as the TBMM or Parliament ( tr, or ''Parlamento''), is the unicameral Turkish legislature. It is the sole body given the legislative prerogatives by the Turkish Constitution. It was founded in Ankara on 23 April 1920 in the midst of the National Campaign. This constitution had founded its pre-government known as 1st Executive Ministers of Turkey (Commitment Deputy Committee) in May 1920. The parliament was fundamental in the efforts of '' Mareşal'' Mustafa Kemal Atatürk, 1st President of the Republic of Turkey, and his colleagues to found a new state out of the remnants of the Ottoman Empire. Composition There are 600 members of parliament (deputies) who are elected for a five-year term by the D'Hondt method, a party-list proportional representation system, from 87 electoral districts which represent the 81 administrative provinces of Turkey (Istanbul and Ankara are divided into three electoral di ...
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Ankara
Ankara ( , ; ), historically known as Ancyra and Angora, is the capital of Turkey. Located in the central part of Anatolia, the city has a population of 5.1 million in its urban center and over 5.7 million in Ankara Province, making it Turkey's second-largest city after Istanbul. Serving as the capital of the ancient Celtic state of Galatia (280–64 BC), and later of the Roman province with the same name (25 BC–7th century), the city is very old, with various Hattian, Hittite, Lydian, Phrygian, Galatian, Greek, Persian, Roman, Byzantine, and Ottoman archeological sites. The Ottomans made the city the capital first of the Anatolia Eyalet (1393 – late 15th century) and then the Angora Vilayet (1867–1922). The historical center of Ankara is a rocky hill rising over the left bank of the Ankara River, a tributary of the Sakarya River. The hill remains crowned by the ruins of Ankara Castle. Although few of its outworks have survived, there are ...
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Capital Markets Board Of Turkey
The Capital Markets Board of Turkey (CMB) ( tr, Sermaye Piyasası Kurulu) is the financial regulatory and supervisory agency of Turkey. Its board is appointed by the Turkish finance ministry. History The CMB was created in 1982 with the passing of the Capital Markets Law (CML) in 1981. This was followed by a number of further laws and decrees that expanded its functions and responsibilities. The most significant of these changes was Law No. 4487 which was passed in December 1999, which brought in a set of amendments to the Capital Market Law expanding the duties and the scope of authority. This included increased consumer protection and changes to allow dematerlisation of stocks and other changes to make the markets more flexible and able to use information technology. Responsibilities and functions The CMB is responsible for safeguarding the stability of the financial market, consumer protections and supervising participants in the stock market. Structure The Chairman who ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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Turkish Republic
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in Southeast Europe. It shares borders with the Black Sea to the north; Georgia to the northeast; Armenia, Azerbaijan, and Iran to the east; Iraq to the southeast; Syria and the Mediterranean Sea to the south; the Aegean Sea to the west; and Greece and Bulgaria to the northwest. Cyprus is located off the south coast. Turks form the vast majority of the nation's population and Kurds are the largest minority. Ankara is Turkey's capital, while Istanbul is its largest city and financial centre. One of the world's earliest permanently settled regions, present-day Turkey was home to important Neolithic sites like Göbekli Tepe, and was inhabited by ancient civilisations including the Hattians, Hittites, Anatolian peoples, Mycenaean Greeks, Pe ...
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Dersaadet
The city of Istanbul has been known by a number of different names. The most notable names besides the modern Turkish name are Byzantium, Constantinople, and Stamboul. Different names are associated with different phases of its history, with different languages, and with different portions of it. Names in historical sequence Lygos According to Pliny the Elder the first name of Byzantium was ''Lygos''. This may have been the name of a Thracian settlement situated on the site of the later city, near the point of the peninsula (Sarayburnu). Byzantium ''Byzantion'' ( grc, Βυζάντιον, Byzántion, la, Byzantium) was founded by Greek colonists from Megara in 667 BC. The name is believed to be of Thracian or Illyrian origin and thus to predate the Greek settlement. It may be derived from a Thracian or Illyrian personal name, ''Byzas''. Ancient Greek legend refers to a legendary king of that name as the leader of the Megarean colonists and eponymous founder of the city. ''By ...
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