Category Archives: Turkey

Press Releases & News from Turkey distributed via EuropaWire

Voith and Modern Karton achieve successful start-up of high-speed PM 6 in Zonguldak, boosting containerboard capacity in Turkey and Europe

(IN BRIEF) Voith, Modern Karton, and Harbin Electric International (HEI) have announced the successful start-up of the high-speed PM 6 paper machine and BlueLine stock preparation system at Modern Karton’s Zonguldak facility. Capable of producing up to 640,000 metric tons … Read the full press release

Garanti BBVA Crypto adds Tether trading and transfers to expand stablecoin offerings in Türkiye

(IN BRIEF) Garanti BBVA Crypto, Türkiye’s first bank-backed cryptocurrency platform, has introduced trading and transfers in Tether (USDT) via the Ethereum network. The addition of the world’s largest stablecoin enables users to trade USDT pairs and benefit from the stability … Read the full press release

Garanti BBVA integrates crypto portfolios into mobile app for seamless investment management in Türkiye

(IN BRIEF) Garanti BBVA has integrated crypto asset portfolios into its Garanti BBVA Mobile app, enabling customers in Türkiye to track both traditional and digital investments in one place. The update allows users to view real-time prices, analyze gains and … Read the full press release

Wood to deliver project management consultancy for Turkey’s largest polypropylene plant under $18 million contracts

(IN BRIEF) Wood has secured $18 million in contracts to provide project management consultancy for Turkey’s largest polypropylene plant and terminal facility, part of the Ceyhan project in Adana province. Deploying more than 70 experts, Wood will oversee EPC works … Read the full press release

FMO Secures Landmark €130 Million Loan to Propel QNB Leasing’s Green and Inclusive SME Financing in Türkiye

(IN BRIEF) FMO has arranged and led a €130 million syndicated A/B term loan to QNB Leasing—one of the largest syndications for a Turkish non-bank financial institution—bringing in CDP as a parallel lender and several B-loan investors (ResponsAbility, Global Climate … Read the full press release

Garanti BBVA Funds Strategic Electricity Infrastructure Upgrades for Uludağ Elektrik in Türkiye’s Marmara Region

(IN BRIEF) Garanti BBVA is financing Uludağ Elektrik Dağıtım A.Ş.’s electricity distribution investments across Türkiye’s Marmara region, covering key provinces such as Bursa, Balıkesir, Çanakkale, and Yalova. Serving four million customers, these investments are vital to enhancing energy security, efficiency, … Read the full press release

EBRD Commits €20 Million to Strengthen MAY Seed’s Recovery and Climate‑Resilient Crop Research

(IN BRIEF) The EBRD has extended a €20 million loan to MAY Seed, Türkiye’s leading private seed producer, to shore up its working capital and fund critical investments after the 2023 earthquakes disrupted its operations. The financing also underpins the company’s research … Read the full press release

Garanti BBVA Launches My Banker to Deliver Bespoke Banking and Premium Lifestyle Perks to Affluent Clients

IN BRIEF) Garanti BBVA’s new My Banker program assigns each affluent customer a dedicated relationship manager and support team, delivering tailored financial advice, priority service, and a host of lifestyle benefits under one umbrella. Accessible via both physical branches and … Read the full press release

BBVA Rolls Out In-App Bitcoin and Ether Trading for Spanish Retail Customers

(IN BRIEF) BBVA now offers retail customers in Spain the ability to trade and custody bitcoin and ether directly through its mobile app, following clearance from the CNMV and in line with EU MiCA regulations. The fully integrated service, devoid … Read the full press release

Blue Breath Cleans 280 Tons of Marine Waste and Revives Historic Seagrass Meadows in Turkey

(IN BRIEF) Launched in 2021 by Garanti BBVA and DenizTemiz Derneği/TURMEPA, the Blue Breath project has spent four years tackling pollution and restoring coastal ecosystems across Turkey. Teams have extracted 280 tons of trash and 650 000 liters of liquid … Read the full press release

Garanti BBVA Secures Over $440 Million in Syndicated Loan to Support Turkish Economy and Sustainable Projects

(IN BRIEF) Garanti BBVA has secured over $440 million through a syndicated loan to bolster the Turkish economy, aligned with the bank’s commitment to sustainability. The loan, supported by 43 banks across 20 countries, includes tranches with maturities of 367 … Read the full press release

Garanti BBVA Enhances Mobile App with GarantiPay and NFC Features for Seamless Card-Free Payments

(IN BRIEF) Garanti BBVA’s latest mobile app update introduces GarantiPay and NFC contactless payment features, allowing customers to make card-free payments in stores and online. This update enhances the bank’s commitment to innovation and convenience by enabling Android users to … Read the full press release

Allianz Group and Allianz Turkey Invest Over €2 Million in New Dormitory Project to Empower Girls Through Education

(IN BRIEF) Allianz Group and Allianz Turkey have invested over €2 million in a new dormitory project in collaboration with the Koruncuk Foundation. Located in Istanbul, the dormitory will provide a safe and nurturing environment for girls in need, offering … Read the full press release

ANDRITZ to Deliver WetlaceTM Line for Sustainable Flushable Wipes Production to Göliplik Şeremet Tekstil

(IN BRIEF) ANDRITZ has been awarded an order by Göliplik Şeremet Tekstil to supply a complete WetlaceTM line for the production of sustainable, flushable wipes. This new production line, which utilizes advanced technology, will allow Göliplik to enter the nonwovens … Read the full press release

Garanti BBVA Leads Turkish Finance Sector in Workplace Safety Recognition

(IN BRIEF) Garanti BBVA has been awarded the prestigious International Safety Award from the British Safety Council for the sixth year in a row, becoming the only financial institution among 350 Turkish applicants to achieve this recognition in 2025. This … Read the full press release

Garanti BBVA Advances Digital Banking with Generative AI Upgrade to Smart Assistant Ugi

(IN BRIEF) Garanti BBVA has enhanced its mobile smart assistant Ugi with generative AI technology, enabling more natural, context-aware, and personalized interactions for customers. Ugi now supports a broader range of banking services, anticipates user needs, and continues to evolve … Read the full press release

Alstom Revolutionizes High-Speed Rail in Türkiye with First-Ever ROCS Installation

(IN BRIEF) Alstom has secured a pivotal agreement with RESA Yapi Elektromekanik A.S. to supply the Rigid Overhead Catenary System (ROCS) for a segment of Türkiye’s new high-speed railway between Halkali and Kapikule, part of the TEN-T network. This innovative … Read the full press release

ANDRITZ Enhances Diaper Production at Turkuvaz with Swift Retrofit Upgrade

(IN BRIEF) ANDRITZ has finished a service retrofit at Turkuvaz’s Sakarya plant, modernizing its diaper fastening tape system. This upgrade enhances the strength and reliability of diaper closures, streamlines the converting process, and reduces downtime and costs by optimizing raw … Read the full press release

EBRD Unveils Diverse Short List for Prestigious Literature Prize Across Seven Investment Regions

(IN BRIEF) The EBRD has announced the short list for its annual Literature Prize, featuring ten English translations of books by authors from seven countries where the Bank invests. Selected by an independent jury led by Maya Jaggi, the short … Read the full press release

Garanti BBVA Sets Ambitious Goals for 2025 While Navigating Economic Uncertainty

(IN BRIEF) Garanti BBVA’s CEO, Mahmut Akten, shared the bank’s strategic priorities and 2025 goals during a meeting with Turkish media, discussing the global and local economic landscape. Despite global uncertainties, Akten expressed confidence in Türkiye’s economic program and the … Read the full press release