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HONG KONG, Dec 8, 2016 - Evershine Group Holdings Limited (the "Evershine Group" or the "Company", stock code: 8022) is pleased to announce that, a wholly owned subsidiary of the Company has entered into a sales and purchase agreement with an independent third party. The proposed acquisition of the Purchase Shares represent 30% of the share capital of Boyraci Yapi Insaat ve Taahhut Gayrimenkul Yatirim Anonim Sirketi (the "Target Company"). 
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Turkey’s central bank unexpectedly raised its one-week repurchase and overnight lending rates for the first time in almost three years, after the lira’s plunge and its impact on inflation trumped political demands for lower borrowing costs. The currency gained against the dollar.
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A ship launching ceremony in Tuzla, east of Istanbul has taken place on Nov.13. Among the ships to launched, there were giants that are 300 meters in length and 50 meters in width. Not only their size, but their functions matter too, as they will be carrying the Turkish miracle to far seas. They are the floating power plants produced by Karadeniz Holding. They call them the “Friend Ship” or “Power Ship”. They are power plants that have the capacity to illuminate cities.
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Pakistan has potential to enhance its exports to Turkey up to $5 billion, with the greatest capacity of $329 million in the trade of instruments and appliances used in medical, surgical and veterinary sciences, says the latest report of Pakistan Business Council (PBC).
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The Bank of China (BOC) will start its operation in Turkey by the end of this year, Turkish Banking Regulation and Supervision Agency (BDDK) President Mehmet Ali Akben said on Sunday.
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Global investors who have contributed to the Turkish economy should have no doubts about trusting in it, Prime Minister Binali Yildirim said Thursday, touting the strong political power and stability of the nation’s administration. Speaking to the Ninth Investment Advisory Council meeting in Istanbul, Yildirim said there is no such thing as a "foreign” investor in Turkey, but only entrepreneurs.
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Some 15,000 exporters will be offered a special kind of passport that will enable holders to acquire visas quicker and gain visa-free entrance to many countries as part of new incentives in the sector, Economy Minister Nihat Zeybekci has said.
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The Billion dollar fund will serve to invest in tourism, energy, agriculture and transport -Speaking to journalists in Istanbul following meeting with Russian counterpart Alexey Ulyukaev, Zeybekci said: We have reached a significant level in a free trade agreement between countries.”The minister added they were working on a free trade agreement.
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'We are the ambassadors to draw investment to Turkey' head of HSBC Turkey Selim Kervanci says - The CEO of HSBC Turkey, he has ruled out earlier rumours of a possible exit from the Turkish market. HSBC has exited 17 to 18 countries and territories. In some countries, [HSBC] no longer provides private banking services. In Turkey, we have been through a restructuring process. We have absolutely no intention of selling the bank or moving out of the country.
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It is already a capital of history and culture. Now Turkey is vying for the lucrative crown of international financial centre. Its multi-billion dollar plan for Istanbul International Financial Centre (IFC) is intended to support the country’s drive to become one of the 10 largest economies in the world, attracting top-tier international financial institutions and investors. The man charged with bringing the IFC to life, Ali Agaoglu, is himself one of Turkey’s richest, with an estimated fortune of $1.75bn.
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The European Bank for Reconstruction and Development is providing funds to Turkey for investing into a new high-tech fibre-optic submarine communications cable system.
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The Law on Supporting Investments on Project Basis and Amending Certain Laws and Decree Laws (Law No. 6745), which seeks to improve Turkey’s investment climate through a project-based investment incentives package, entered into force following its publication in the Official Gazette on September 7, 2016.
The new law, which contains 82 articles, was drafted to facilitate Turkey's achievement of its long-term macroeconomic targets. Some of those targets include increasing its share in global trade, ensuring the security of supply, encouraging investors to conduct business in Turkey.
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IFC, a member of the World Bank Group, provided over $800 million to support 22 climate-smart investment projects in Europe and Central Asia in fiscal year 2016, helping its clients improve resource and energy efficiency, expand sustainable urban infrastructure, and increase access to renewable energy. IFC said in a press release that over $220 million of the total was invested in green buildings projects in Turkey, Bulgaria and Georgia, helping to reduce water, heat and energy consumption and losses in commercial buildings. About $240 million was directed to renewable energy projects in Turkey and Armenia
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Nearly 200 Turkish companies have invested in the United Kingdom in recent years, said British Ambassador to Turkey. Richard Moore’s remarks came at the 7th U.K.-Turkey Business Forum in Istanbul held by the Turkish-British Chamber of Commerce and Industry, Turkish Prime Ministry’s Investment Support and Promotion Agency, and the Foreign Economic Relations Board. Moore praised the friendly relations between the two countries, saying the British government regarded Turkey “very positively” in terms of trade volume and investments.
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Turkey’s top business organization has said it will establish a Turkish-Arabic Chamber through a deal with the Union of Arab Chambers (UAC), in a bid to further boost economic and trade ties with the region. The Union of Chambers and Commodity Exchanges of Turkey (TOBB) will sign the deal with the UAC, which has a total of 22 members representing an economy worth $2.7 trillion in total, at a ceremony in Istanbul on Nov. 24, according to a TOBB statement on Nov. 20.
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The world’s aviation and defense giants, including Boeing, Airbus and Thyssen-Krupp, are looking into Turkish contractors for cooperation opportunities, according to an executive of an Istanbul-based defense industry umbrella organization.
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Turkey has agreed to implement a wide-ranging trade agreement with Britain once it leaves the European Union, Turkish Economy Minister Nihat Zeybekci told a parliamentary commission in Ankara on Nov. 10
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Turkey's first licensed solar energy power plant, Solentegre GES, owned by Akfen Holding AS, began operating on Monday, according to the company's announcement. The plant, with 8 megawatts (MW) of installed capacity, is located in the city of Elazig in Eastern Anatolia. The plant plans to generate 15.7 gigawatts hours of electricity annually.
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Samsung Electronics Turkey today announced the opening of the Samsung Digital Library, which offers free digital access to the valuable works retained in the archive of the National Library of Turkey, as well as contemporary e-publications. This project was realized in cooperation with the National Library with a total investment of 500,000 USD.
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French energy giant EDF Group is “very interested” in the Turkish market, and in getting involved in hydro energy projects as well as further developing its activities in renewables, Simone Rossi, the group’s senior executive vice president in charge of the international division, said.“Turkey has an important energy agenda highlighting the security and affordability of supply,”
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The Baku-Tbilisi-Kars (BTK) railway, along with other railway projects under construction, will bring annual revenue of billions of US dollars to Turkey’s logistics sector, Turkish Minister of Transport, Shipping and Communications Ahmet Arslan said in an exclusive interview with Trend.
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IFC, a member of the World Bank Group, has said it had a fourth consecutive record year in Turkey, investing $1.8 billion to support sustainable energy and infrastructure development, improve municipal services, promote local capital markets and help Turkish companies increase competitiveness and impact.
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Overnight lending rate gets cut by 25 points to 8.25 percent; overnight borrowing rate remains unchanged at 7.25 percent
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Turkish Development Minister Lutfi Elvan said Tuesday that Turkish contractors were keen to bring their experiences to Kuwait’s $150 billion mega projects in the next five years. The minister’s remarks came at a meeting with his Kuwaiti counterpart, Hind Subaih Barrak Al-Subaih. Kuwait is planning to complete within a five-year development plan 523 projects that are worth around $150 billion.
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Thanks to the removal of the travel ban on Russians following the normalization process between Ankara and Moscow, Turkey’s hot spot Antalya has seen 239 Russian charters arriving over 12 days
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International corporate law firm Istanbul, Turkey