Category Archives: Turkey

Press Releases & News from Turkey distributed via EuropaWire

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

EBRD Provides €25 Million Loan for Gender-Responsive Green Investments in Türkiye

(IN BRIEF) The EBRD has provided a €25 million loan to BNP Paribas Finansal Kiralama in Türkiye to support gender-responsive green investments. This loan, part of the Türkiye Green Economy Financing Facility II, aims to fund projects in energy efficiency, … Read the full press release

Garanti BBVA Achieves Record Sustainability Score in 2024 S&P Global Assessment, Leading Turkish Banking Sector

(IN BRIEF) Garanti BBVA, part of the BBVA Group, achieved a record score of 85 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), ranking 15th globally among 668 financial institutions. The bank’s commitment to sustainability includes a target to … Read the full press release

Garanti BBVA and TÜRKONFED Empower SMEs with Twin Transformation Initiative

  (IN BRIEF) Garanti BBVA, in partnership with TÜRKONFED, has launched the New Horizons in Twin Transformation project to help SMEs in Türkiye adopt green and digital practices, enhancing their competitiveness and sustainability. The initiative includes workshops and panels across … Read the full press release

Borçelik Partners with ANDRITZ for Advanced Furnace Installation to Boost Automotive Steel Production in Turkey

(IN BRIEF) Turkish steel manufacturer Borçelik has selected ANDRITZ to supply a versatile combi-line furnace for a new cold strip mill in Bursa. This advanced furnace will support both galvanizing and annealing operations, enhancing Borçelik’s production of automotive-grade steel. The … Read the full press release

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release

Garanti BBVA and WWF Türkiye Complete Key Projects for Wildlife Protection and Forest Fire Prevention

(IN BRIEF) Garanti BBVA and WWF Türkiye have successfully completed three new projects as part of their ‘Türkiye’s Life: Fire Management Grant Program,’ launched to mitigate forest fire risks and support wildlife conservation. The projects included efforts to protect caracal … Read the full press release

EBRD Funds A101’s Green and Inclusive Growth with $200 Million Sustainability Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release

Garanti BBVA Introduces Türkiye’s First End-to-End Digital Vehicle Loans for Individuals

(IN BRIEF) Garanti BBVA has become the first Turkish bank to offer fully digital vehicle loans for individual customers, expanding a service previously available only to companies and self-employed clients. The entire loan application process, covering nearly 40 automobile brands, … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release