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“There is no block sale or operation transfer in TEİAŞ”

The Privatization Administration made a statement regarding the decision to include the Turkish Electricity Transmission Corporation (TEİAŞ) within the scope of privatization, which created a public debate. In the statement, it was reiterated that the privatization method is a public offering, and it was stated that the majority share in TEİAŞ will remain in the …

Another step for low carbon economy from Koç Holding

Koç Holding joined the global supporters of the Task Force on Climate-Related Financial Disclosures (TCFD), which was established by the Financial Stability Board of the G-20 as part of its roadmap to become carbon neutral in 2050. According to the Holding statement, the Climate-Related Financial Statements Task Force aims to manage the risks and potential …

Abu Dhabi terminates airport agreement with TAV

Abu Dhabi’s public airport operator, Abu Dhabi Airports, has canceled the $2.94 billion contract with the consortium, including TAV Construction, for the construction of the terminal. TAV İnşaat, United Arab Emirates-based Arabtec and Greece-based Consolidated Contractors Company (CCC) were included in the consortium, which won the tender held in 2012 for the construction of a …

US supermarkets stock up against rising food prices

In the US, supermarkets stock everything from frozen meat to candy to keep costs down. Some markets have announced that they are stocking products in order to fill the shelves due to high demand. According to Jefferies and NielsenIQ data, grocery sales in the USA increased by 15% in the week ending June 19 compared …

Another central bank goes green

Barnabas Virag, Deputy Central Bank of Hungary, said at the central bank’s briefing meeting on the green financing strategy that it will start purchasing green mortgage certificates in 2021. Stating that the green financing plan will not affect the tight monetary policy, Virag said that he will receive a green mortgage certificate worth 200 billion …