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TAV Airports
TAV Airports Holding ( tr, TAV Havalimanları Holding) is a Turkish airport operation and services firm that is part of Groupe ADP. It is one of the world's largest airport operators, providing services to 1 million flights and 152 million passengers in 2018. TAV was established as a joint venture between Tepe Construction, Akfen, and Airport Consulting Vienna in 1997. Today, it is the leading airport operator in Turkey and also provides duty free, food and beverage, ground handling, IT and security services. History In October 2011, TAV Airports was put for sale for €2 billion, with Credit Suisse handling the bid process. On March 12, 2012, TAV announced the planned sale of 38% of the firm's issued share capital to the group Aéroports de Paris for a total consideration of US$874 million. The sale value was determined based on the 32% premium of the company's latest closing price. The two companies provide service for 180 million passengers at 37 airports in total. Board ...
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Batumi International Airport
Alexander Kartveli Batumi International Airport is an airport located south of Batumi, a city on the Black Sea coast and capital of Adjara, an autonomous republic in southwest Georgia. The airport is northeast of Hopa, Turkey, and serves as a domestic and international airport for Georgia and northeastern Turkey. Overview Batumi is one of three international airports in operation in Georgia (along with Tbilisi International Airport serving the Georgian capital and David the Builder International Airport in Georgia's second largest city Kutaisi). The new airport terminal has been in operation since 26 May 2007. With a total area of , it is capable of handling 600,000 passengers a year. Batumi International Airport has noted a significant growth in the number of passengers since its renovation carried out by TAV Airports Holding in 2007. In 2011, the airport handled 134,000 passengers, an increase of 51% over the previous year. In 2019, it was decided to expand the terminal ...
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Tbilisi International Airport
Shota Rustaveli Tbilisi International Airport ( ka, თბილისის შოთა რუსთაველის სახელობის საერთაშორისო აეროპორტი) , formerly ''Novo Alexeyevka International Airport'', is the busiest international airport in Georgia, located southeast of capital Tbilisi. The airport handled 3.7 million passengers in 2019. Due to the global coronavirus pandemic, the airspace of Georgia was closed for most of 2020 causing the number of travelers through Tbilisi airport to drop by 84% to less than 600,000. General Tbilisi Airport is home to Georgian flag carrier Georgian Airways and MyWay Airlines, which was founded in 2017. The airport is served by approximately 30 airlines, mainly from Europe, the Middle East, and Central Asia serving roughly 30 destinations out of Tbilisi. Due to the increasing popularity of Georgia and the city of Tbilisi as a tourist destination, the number of travelers grew s ...
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Istanbul
Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, cultural and historic hub. The city straddles the Bosporus strait, lying in both Europe and Asia, and has a population of over 15 million residents, comprising 19% of the population of Turkey. Istanbul is the list of European cities by population within city limits, most populous European city, and the world's List of largest cities, 15th-largest city. The city was founded as Byzantium ( grc-gre, Βυζάντιον, ) in the 7th century BCE by Ancient Greece, Greek settlers from Megara. In 330 CE, the Roman emperor Constantine the Great made it his imperial capital, renaming it first as New Rome ( grc-gre, Νέα Ῥώμη, ; la, Nova Roma) and then as Constantinople () after himself. The city grew in size and influence, eventually becom ...
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Cuba
Cuba ( , ), officially the Republic of Cuba ( es, República de Cuba, links=no ), is an island country comprising the island of Cuba, as well as Isla de la Juventud and several minor archipelagos. Cuba is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located east of the Yucatán Peninsula (Mexico), south of both the American state of Florida and the Bahamas, west of Hispaniola ( Haiti/Dominican Republic), and north of both Jamaica and the Cayman Islands. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. The official area of the Republic of Cuba is (without the territorial waters) but a total of 350,730 km² (135,418 sq mi) including the exclusive economic zone. Cuba is the second-most populous country in the Caribbean after Haiti, with over 11 million inhabitants. The territory that is now Cuba was inhabited by the Ciboney people from the 4th millennium BC with the Gua ...
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Ohrid St
Ohrid ( mk, Охрид ) is a city in North Macedonia and is the seat of the Ohrid Municipality. It is the largest city on Lake Ohrid and the eighth-largest city in the country, with the municipality recording a population of over 42,000 inhabitants as of 2002. Ohrid is known for once having 365 churches, one for each day of the year, and has been referred to as a "Jerusalem of the Balkans"."The Mirror of the Macedonian Spirit, Zlate Petrovski, Sašo Talevski, Napredok, 2004, , page 72: "... and Macedonia in the Cathedral Church St. Sofia in the Macedonian Jerusalem — Ohrid..." The city is rich in picturesque houses and monuments, and tourism is predominant. It is located southwest of Skopje, west of Resen and Bitola. In 1979 and in 1980 respectively, Ohrid and Lake Ohrid were accepted as Cultural and Natural World Heritage Sites by UNESCO. Ohrid is one of only 28 sites that are part of UNESCO's World Heritage that are Cultural as well as Natural sites. Name In ant ...
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Riga International Airport
Riga International Airport ( lv, Starptautiskā lidosta "Rīga"; ) is the international airport of Riga, the capital of Latvia, and the largest airport in the Baltic states with direct flights to 76 destinations as of November 2019. It serves as a hub for airBaltic, SmartLynx Airlines and RAF-Avia, and as one of the base airports for Wizz Air. The Latvian national carrier airBaltic is the largest carrier that serves the airport, followed by Ryanair. The airport is located in the Mārupe Municipality west of Riga, approximately 10 km from its city centre. History The airport was built in 1973 as an alternative to Spilve Airport, which had become outdated. It is a state-owned joint-stock company, with the owner of all shares being the government of Latvia. The holder of the state capital share is Latvia's Ministry of Transport. Renovation and modernization of the airport was completed in 2001, coinciding with the 800th anniversary of the founding of the city. In 2006 and 2016 ...
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Almaty International Airport
Almaty International Airport ( kk, Halyqaralyq Almaty Äuejaiy) is a major international airport northeast of Almaty, the largest city and commercial capital of Kazakhstan. It is the busiest airport in Kazakhstan, accounting for 6.42 million passengers in 2019. Owners and management The airport is registered under name of "JSC Almaty International Airport", which is owned by Turkish airport company TAV Airports Holding, as well as many other airports available worldwide. History Early years The airport was built in 1935 for use by small civil and military aircraft. Up to 1990, it was the part of Kazakh Department of Civil Aviation, and then reorganized into "Alma-Ata Airport" in 1991. Since 1993, it has run as an independent business unit. In 1994, it was reorganized into OJSC "Almaty Airport" and later renamed to JSC Almaty International Airport. The supersonic transport (SST) Tupolev Tu-144 began service on 26 December 1975, flying mail and freight between Moscow and ...
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Zagreb International Airport
Zagreb Franjo Tuđman Airport ( hr, Zračna luka Franjo Tuđman Zagreb) or Zagreb Airport ( hr, Zračna luka Zagreb) () is an international airport serving Zagreb, Croatia. It is the largest and busiest airport in Croatia. In 2019 it handled 3.45 million passengers and some 13,000 tons of cargo. Named after Franjo Tuđman, the first President of Croatia, the airport is located some southeast of Zagreb Central Station in Velika Gorica. It is the hub of the Croatian flag carrier Croatia Airlines and a focus city for Trade Air. The main base of the Croatian Air Force is also located at the airport's premises. Moreover, the Croatian Air Traffic Control has its administration situated on the grounds of the airport. The airport was awarded to the ZAIC consortium (Zagreb Airport International Company) in a 30-year concession under the terms of a contract signed by the Government of Croatia with the aforementioned. The contract includes the financing, designing and construction ...
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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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International Financial Reporting Standards
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries. They are particularly relevant for companies with shares or securities listed on a public stock exchange. IFRS have replaced many different national accounting standards around the world but have not replaced the separate accounting standards in the United States where U.S. GAAP is applied. History The International Accounting Standards Committee (IASC) was established in June 1973 by accountancy bodies representing ten countries. It devised and published International Accounting Standards (IAS), interpretations and a conceptual framework. These were looked to by many national accounting standard-set ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Duty-free
A duty-free shop (or store) is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 Asia-Pacific, with 35 percent of global duty-free and travel retail sales, has more duty free than Europe and Americas, with these regions accounting for 34 percent and 23 percent respectively. 31 percent of sales came from the fragrances and cosmetics category, followed by the wine and spirit category with 17 percent and then comes tobacco products. However, some countries impose duty on goods b ...
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