Category Archives: Turkey

Press Releases & News from Turkey distributed via EuropaWire

Papara Partners with Thales to Introduce World-First Personalization Solution for Payment Cards

(IN BRIEF) Thales has partnered with Turkish fintech leader Papara to launch the world’s first deployment of the SketchMyCard solution, allowing users to design personalized payment cards that showcase their creativity and individuality. This collaboration has led to increased card … Read the full press release

ANDRITZ to Supply Needlepunch Line to Şiteks for Expanded Production

(IN BRIEF) ANDRITZ has been selected by Turkish insulation felt manufacturer Şiteks to supply a complete needlepunch line for its Tekirdag facility. This investment will significantly increase Şiteks’ production capacity to meet global demand for needlepunched nonwoven insulation products in … Read the full press release

ANDRITZ Plays Key Role in Expanding Türkiye’s Renewable Energy Infrastructure with Silvan Hydropower Plant

(IN BRIEF) The Turkish water authority, Devlet Su İşleri (DSI), has chosen international technology group ANDRITZ to provide electro-mechanical equipment for the new 160 MW Silvan hydropower plant in Türkiye. ANDRITZ will supply turbines, generators, and associated equipment for the … Read the full press release

Kerem Bugay Assumes Role of Managing Director at Alstom Türkiye, Pledging Rail Systems Advancement

(IN BRIEF) In a strategic move to bolster its operations in Türkiye, Alstom has appointed Kerem Bugay as the new Managing Director of Alstom Türkiye. With over two decades of leadership experience in the Middle East and Africa region, Kerem … Read the full press release

EBRD Launches €25 Million Digital Transformation Loan Initiative for Türk Ekonomi Bankası

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital Transformation Financing Facility (DTFF) with a €25 million loan to Türk Ekonomi Bankası (TEB) in Türkiye, marking its inaugural transaction. Aimed at boosting the digital … Read the full press release

Garanti BBVA International Partners with Kordsa for $50 Million Sustainable Loan

(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing initiatives, has secured a $50 million sustainable loan agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa). This collaboration aligns with Kordsa’s efforts to reduce environmental and … Read the full press release

EBRD Partners with Bunge Gıda to Empower Women Farmers in Turkey’s Olive Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending an additional loan of US$25 million in Turkish lira to Bunge Gıda to support their working capital needs while expanding training opportunities for women olive farmers in Turkey. … Read the full press release

DHL Group Extends GoHelp Program to Europe, Enhancing Disaster Relief Efforts

(IN BRIEF) In a move to bolster global disaster relief initiatives, DHL Group announces the expansion of its GoHelp program to Europe. Building on its longstanding partnership with the United Nations, DHL Group aims to address the increasing frequency of … Read the full press release

EBRD Extends €50 Million Loan to Fraport TAV for Antalya Airport Upgrades

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Türkiye, aimed at financing the completion of upgrades to Antalya Airport. These enhancements, including … Read the full press release

CEB Approves €1.3 Billion in Loans Across Europe for Social Sector Investments

(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release

BBVA Foundation and Salt Collaborate to Empower Turkish Artists

(IN BRIEF) The BBVA Foundation and Salt, in partnership with Garanti BBVA, are launching the Salt Artistic Research and Production Grant Program, aimed at Turkish artists exploring contemporary social issues through interdisciplinary approaches. This two-year initiative offers selected artists a … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Celebrating Women Entrepreneurs: Türkiye’s 17th Women Entrepreneur Awards

(IN BRIEF) Garanti BBVA, in collaboration with ‘The Ekonomist’ and the Women Entrepreneurs Association of Türkiye (KAGIDER), recently hosted Türkiye’s 17th Women Entrepreneur Awards on February 27, 2024. Nagihan Yılmaz was honored as the “Woman Entrepreneur of the Year” for … Read the full press release

EBRD Reinforces Commitment to Türkiye’s Tech Sector with Follow-On Investment in Dgpays

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has solidified its support for Türkiye’s burgeoning technology sector by investing in Dgpays, a rapidly expanding tech firm. Partnering with Truffle Capital, the EBRD’s follow-on investment in Dgpays underscores its … Read the full press release

Garanti BBVA Unveils Turkey’s Largest Banking Technology Center

(IN BRIEF) Garanti BBVA, a pioneer in shaping the future of the banking industry through technology, has inaugurated Garanti BBVA Technology, the largest tech center within the Turkish banking sector, also known as the “tech factory.” With a strategic focus … Read the full press release

Ericsson Türkiye Spearheads AI-Driven 6G Security Solutions in ROBUST-6G Project

(IN BRIEF) Ericsson Research Türkiye leads the ROBUST-6G project, contributing to the development of cutting-edge security solutions for 6G networks. The project aims to address the cybersecurity challenges of future 6G services and networks by leveraging AI/ML techniques and zero-touch … Read the full press release

Innovation in Banking: Garanti BBVA Unveils Fingerprint-Enabled Payment Solution

(IN BRIEF) Garanti BBVA, a leading digital banking institution in Türkiye with 14 million customers, has unveiled the Bonus Platinum Biometric Card, revolutionizing secure payments. The card allows users to make purchases by scanning their fingerprint, enhancing security and convenience. … Read the full press release

EBRD Provides $100 Million Loan to Enerjisa for Earthquake-Hit Electricity Network Reconstruction in Turkey

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to $100 million to Enerjisa Enerji A.S. in Turkey to support the modernization and reconstruction of the electricity distribution network in the earthquake-affected Toroslar … Read the full press release

EBRD Records €2.48 Billion Investment in Turkey, Focusing on Earthquake Recovery and Green Initiatives

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) reported a record investment of €2.48 billion in Turkey for 2023, marking a significant increase from previous years. The EBRD’s commitment to supporting Turkey’s private sector and green transition remained … Read the full press release

EBRD Achieves Record Investments of €13.1 Billion in 2023, Focusing on Green Economy and Crisis Response

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) announced a significant milestone by delivering a record €13.1 billion in investments in 2023, marking a year of achievements and challenges. The bank reported record levels of investments, green financing, … Read the full press release

EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release

Garanti BBVA Commits €36.1 Million in Financing for Işıklar Wind Power Plant to Bolster Renewable Energy Expansion

(IN BRIEF) Garanti BBVA has revealed its dedication to supporting renewable energy initiatives with a €36.1 million financing agreement for the Işıklar Wind Power Plant, facilitated through BBVA’s Turkish unit in partnership with Dost Enerji. The wind power project will … Read the full press release

EBRD and Clean Technology Fund Partner with ING Türkiye to Boost Green Investments and Women-Led SMEs with €100 Million Financing Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are joining forces to provide a €100 million financing package to ING Türkiye and ING Leasing in Türkiye, aiming to support green investments and … Read the full press release

EIB and European Commission to Triple Advisory Assistance for Western Balkans and Turkey

(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

DHL Group Completes Acquisition of Turkish Parcel Delivery Company MNG Kargo, Boosting E-commerce Logistics

(IN BRIEF) DHL Group has successfully finalized its acquisition of MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, following approvals from the Turkish Competition Authority and the Turkish Information and Communications Technologies Authority. MNG Kargo, a … Read the full press release

Rönesans Group Maintains Top 10 Position Among Europe’s Largest International Contractors

(IN BRIEF) Rönesans Group has reaffirmed its status as a leading construction company, securing the 38th spot on ENR’s prestigious 2023 “World’s Top 250 International Contractors” list. This ranking reflects Rönesans’ consistent presence among the top 10 contracting companies in … Read the full press release

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release

EBRD Backs Turkish confectioner Kervan Gıda’s Green Expansion with €22 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €22 million long-term loan to Kervan Gıda Sanayi ve Ticaret A.Ş, a major Turkish jelly sweets exporter. The funds will support the expansion of jelly and liquorice … Read the full press release

EBRD Extends US$ 109 Million Loan to Türkiye İş Bankası for Earthquake Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a US$ 109 million loan to Turkiye İş Bankası (İşbank), the largest private bank in Türkiye, to aid businesses and individuals affected by the devastating earthquakes that hit … Read the full press release

DHL Group Expands E-commerce Footprint with Acquisition of MNG Kargo in Turkey’s Thriving Market

(IN BRIEF) DHL Group has agreed to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, aiming to strengthen its position in the rapidly growing Turkish parcel and e-commerce market. … Read the full press release

EBRD Provides US$90 Million Loan to Akbank for Türkiye Earthquake Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to US$90 million to Akbank in Türkiye as part of the Türkiye Disaster Response Framework. The loan will assist businesses and individuals affected by … Read the full press release

EBRD and Türkiye Join Forces for Green Maritime Development and Climate Mitigation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release

Fast Company Turkey Names Garanti BBVA CEO Recep Baştuğ Among Top 50 Sustainability Leaders

Fast Company Turkey Names Garanti BBVA CEO Recep Baştuğ Among Top 50 Sustainability Leaders

(IN BRIEF) Garanti BBVA, Turkey’s second-largest private bank and a subsidiary of BBVA, proudly announces that its CEO, Recep Baştuğ, has been ranked fourth in Fast Company Turkey’s Top 50 Sustainability Leaders list. This recognition highlights Baştuğ’s exceptional commitment to … Read the full press release

ANDRITZ Supplies Fiber Preparation Line for KEAS’ MDF Production at Balikesir Mill

(IN BRIEF) KEAS, the largest wood panel producer in Türkiye, has successfully started operations of its new fiber preparation line for Medium Density Fiberboard (MDF) production at its Balikesir mill. Supplied by ANDRITZ, the line has a capacity of 60 … Read the full press release

EBRD’s Funding Package Bolsters DenizBank’s Commitment to Green Finance and Women-Led Enterprises in Türkiye

(IN BRIEF) EBRD provides $143.25 million to DenizBank for green investments, women-led businesses, and earthquake response. The financing package supports DenizBank’s Diversified Payment Rights program and includes funds for on-lending to green economy projects, women-led SMEs, and companies involved in … Read the full press release

EBRD Grants US$110 Million Loan to Enerjisa Uretim for Wind Power Expansion in Türkiye

(IN BRIEF) EBRD has approved a loan of US$110 million to Enerjisa Uretim in Türkiye to support the expansion of their wind power portfolio. Enerjisa Uretim’s projects will reduce CO2 emissions by 52,000 tonnes annually and promote employment opportunities for … Read the full press release

EBRD provides funding for Turkish firm’s innovative poultry waste power plant

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of €25 million to Mav Elektrik, a Turkish energy company, to replace loans that funded the construction of the Arikcayiri biomass power plant. The plant is … Read the full press release

Die EBWE gewährt der TEB ein Darlehen von 50 Millionen Euro, um von Frauen geführte KMU in Türkiye zu unterstützen

(IN KÜRZE) Die Europäische Bank für Wiederaufbau und Entwicklung (EBWE) hat der Türk Ekonomi Bankası A.Ş. (TEB), um die finanziellen Möglichkeiten für von Frauen geführte kleine und mittlere Unternehmen (KMU) in Türkiye zu erweitern. Dieses Darlehen ist Teil des EBWE-Programms … Read the full press release

EBRD grants €50m loan to TEB to support women-led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €50 million loan to Türk Ekonomi Bankası A.Ş. (TEB) to expand financial opportunities for women-led small and medium-sized enterprises (SMEs) in Türkiye. This loan is part of … Read the full press release