Koç family
Turkish banking industry on foreign investors’ radar
After Goldman Sachs increases its earning per share (EPS) estimates for the Turkish banks in its coverage earlier this month, this time Bank of America (BofA) lifted its EPS for Turkish lenders.
"We continue to have a positive view on Turkish private banks," BofA said in a report released on Feb. 19.
Listed companies’ profits soar 75 percent
The combined net profit of the companies, whose shares are traded on the stock exchange, increased by 75 percent in the third quarter to hit 444 billion Turkish Liras ($15.6 billion).
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26 Turks on Forbes’ 2023 billionaires list
A total of 26 names from Türkiye entered the 2023 billionaires list published by Forbes, while İbrahim Erdemoğlu, the owner of a holding company manufacturing carpet, has officially surpassed Yıldız Holding chair Murat Ülker to take the title of the country's richest billionaire.
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Immigrant artists looking at Istanbul in new performance
Within the scope of the "Istanbul Today" exhibition, the Suna and Inan Kıraç Foundation Pera Museum is hosting an interdisciplinary performance that brings documentary theater, sound installation, visual arts and live music together.
Cello Paradiso at Yapı Kredi bomontiada
Yapı Kredi bomontiada's "Happenin' with you" concert series starts again with a concert by the band Cello Paradiso, consisting of Şafak Erişkin, Didem Erken, Gülyar Balcı ve Dilbağ Tokay, on March 21 at 8:30 pm. The concert will be followed by 'After-Classics Party,' to be organized by conductor and composer Murat Cem Orhan.
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Initiative aims to establish safe spaces for girls in quake zone
Within the scope of the Suna'nın Kızları initiative of Suna and İnan Kıraç Foundation, safe centers for young girls in temporary settlement areas in quake-stricken provinces will be established.
Mamut Art Project in its 10th year
Istanbul's contemporary art event, Mamut Art Project, which has been bringing together independent talents across Türkiye with art professionals for 10 years, will be taking place between Oct. 26 and 30 at Yapı Kredi bomontiada and online platform of mamutartproject.com. The works of 49 artists will be exhibited at the event.
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OTOKAR to provide 90 buses to Czech Republic
Türkiye's leading bus brand Otokar has signed an agreement with Dopravni Spolecnost Usteckeho Kraje, the transport company of the Usti region of the Czech Republic, for the supply of 90 intercity buses.
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US sales of Tofaş’s van to discontinue
Stellantis plans to discontinue the Ram ProMaster City, the smaller of the truck brand's two van offerings, after the 2022 model year as the segment dwindles rapidly in the U.S. and automakers focus on adding larger electric vans instead, Automotive News has reported.
The ProMaster City is built in Türkiye by carmaker Tofaş at its plant in the northwestern province of Bursa.
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Stellantis to move Doblo production to Spain
Stellantis Group, a major shareholder in Turkish carmaker Tofaş, has announced that the new Fiat Doblo will be produced in Spain.
Tofaş has been manufacturing Fiat Doblo since 2000 at its plant in the northwestern province of Bursa.
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