Tag Archives: Turkey

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

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

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

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 Provides €25 Million Loan to AKLease in Turkey for Green Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ak Finansal Kiralama (AKLease) in Turkey. This loan, part of the EBRD’s Green Economy Financing Facility (GEFF), is aimed at supporting green and … Read the full press release

ESET Research Reveals Turkish-Origin CosmicBeetle Group Using Spacecolon Toolset for Ransomware Deployment and Data Theft Globally

(IN BRIEF) ESET Research has conducted an analysis of the Spacecolon toolset, which is utilized to deploy Scarab ransomware variants globally. The toolset is believed to be of Turkish origin and is operated by a group named CosmicBeetle. Spacecolon’s primary … 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$110 Million Loan to QNB Finansbank for Post-Earthquake Recovery in Turkey

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$110 million to QNB Finansbank in Turkey. The loan is part of the EBRD’s Türkiye Disaster Response Framework, launched after the devastating earthquakes in February. … Read the full press release

Teknomelt partners with ANDRITZ for biodegradable, plastic-free wet wipe production

(IN BRIEF) ANDRITZ has received an order from Turkish nonwoven manufacturer Teknomelt to provide a complete neXline wetlace line for the production of nonwoven roll goods for biodegradable, plastic-free wet wipes. The state-of-the-art line combines spunlace and wetlaid technologies, allowing … Read the full press release

FMO and partners provide second syndicated loan to Turkey’s Kılıç Deniz for growth and diversification

(IN BRIEF) Dutch development bank FMO, along with French development finance institution Proparco and SDG-focused emerging market credit fund ILX Fund, has provided a €60m ($71.6m) syndicated loan to Turkey’s Kılıç Deniz, a leading aquaculture player. The funds will be … Read the full press release

Swissport Joins Forces with Aid Organizations and Turkish Airlines to Provide Air Cargo Logistics for Earthquake Victims

(IN BRIEF) Swissport is collaborating with international aid organizations and Turkish Airlines to provide air cargo logistics in support of victims affected by the February earthquake in Turkey and Syria. The company is providing ongoing support, recognizing that long-term action … Read the full press release

Orange ofrece llamadas y SMS gratuitos a Turquía y Siria

(NOTICIA EN BREVE) El Grupo Orange ha anunciado medidas para apoyar a los afectados por los recientes terremotos en Turquía. La empresa ofrece llamadas y SMS gratuitos a Turquía y Siria, así como itinerancia gratuita para los trabajadores de rescate … Read the full press release

Orange Offers Free Calls and SMS to Turkey and Syria

(IN BRIEF) The Orange Group has announced measures to support those affected by the recent earthquakes in Turkey. The company is providing free calls and SMS to Turkey and Syria, as well as free roaming for rescue workers in affected … Read the full press release

SGS TransitNet’s facility in Hadımköy (Istanbul) earns Authorized Consignor status from the Turkish Ministry of Customs and Trade

(PRESS RELEASE) GENEVA, 22-Dec-2022 — /EuropaWire/ — SGS, the world’s leading testing, inspection and certification company, has announced that its facility in Hadımköy (Istanbul) earned the Authorized Consignor status from the Turkish Ministry of Customs and Trade. The newly earned … Read the full press release

EBRD to provide US$ 50 million long-term loan to Bunge, one of Turkey’s leading integrated producers of edible oils

US$ 50 million EBRD loan to one of Turkey’s leading producers of edible oils EBRD and Bunge to collaborate in supporting women farmers through a training academy Academy will teach climate-smart farming techniques (PRESS RELEASE) LONDON, 8-Mar-2022 — /EuropaWire/ — … Read the full press release

FMO to loan EUR 30 million to Sekerbank, a Turkish bank with strong positions in the agricultural sector across the Anatolian region

(PRESS RELEASE) THE HAGUE, 17-Jan-2022 — /EuropaWire/ — FMO, the Dutch entrepreneurial development bank, has announced its financial support to the agricultural sector across the Anatolian region in Turkey with the loan of EUR 30 million provided to Turkish Sekerbank. … Read the full press release

Voith supplies its latest automation technologies for high-quality paper production line at Kipaş Kağıt’s Söke site in Turkey

Voith supplied the entire production line for high-quality board and packaging papers. With the help of leading Voith technologies, the high-performance line will produce up to 700,000 tons of board and packaging papers annually. The efficient PM 2 is characterized … Read the full press release

EBRD supports green investments and women-led businesses in Turkey through US$ 100 million loan to Denizbank

Building resilience of the Turkish economy (PRESS RELEASE) LONDON, 19-Feb-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) announces that it has provided US$ 100 million in new funds to Denizbank A.S. for on-lending to local businesses … Read the full press release

Alstom to present at Eurasia Rail from 10-12 April 2019 in Izmir, Turkey

Alstom’s booth B630 will be at hall B at the exhibition (PRESS RELEASE) SAINT-OUEN, France, 2-Apr-2019 — /EuropaWire/ — Alstom to participate at Eurasia Rail from 10-12 April 2019 in Izmir, Turkey. Eurasia Rail is one of the leading rolling … Read the full press release

ING helped secure €2.27 billion of financing for the the world’s longest suspension bridge over the Dardanelles Strait in Turkey

AMSTERDAM, 30-Jul-2018 — /EuropaWire/ — A two-kilometre suspension bridge, the world’s longest, is being built over the Dardanelles Strait in north-western Turkey linking Europe and Asia. ING helped secure €2.27 billion of financing for the project that involves an international consortium … Read the full press release

April 10th, Conference in the European Parliament, Brussels, themed: A FUTURE FOR DEMOCRACY IN SYRIA

Highlevel conference 9:30 – 12:45 (EP, Room PHS1A002) and press-conference 13:30 – 14:00 (EP, press room) AMERSFOORT, 02-Apr-2018 — /EuropaWire/ — WIth this high level conference, we would like to present to Europe and European decision makers, politicians and media … Read the full press release

SB Havacılık A.Ş. appointed new distributor and Service Center in Turkey for Airbus Helicopters

ISTANBUL, 09-Mar-2018 — /EuropaWire/ — Airbus Helicopters has appointed SB Havacılık A.Ş. (SBAIR) as its new distributor and Service Center in Turkey. The Istanbul based company will represent the European manufacturer in Turkey and promote its civil product line. SBAIR … Read the full press release

BBVA: Garanti Bank is the only Turkey company included in the Bloomberg Gender Equality Index

MADRID, 16-Feb-2018 — /EuropaWire/ — Garanti Bank is recognized internationally with its practices in gender equality and once again included in the Bloomberg Gender Equality Index. Through its numerous practices and initiatives for ensuring gender equality within its human resources as well … Read the full press release

SGS: Turkey to adopt draft Regulations on food contact materials and article

GENEVA, 16-Jun-2017 — /EuropaWire/ — Turkey is proposing to adopt draft Regulations on food contact materials and articles. The proposed date of entry into force is Q3 of 2017. In May 2017, the World Trade Organization (WTO) circulated two notifications from … Read the full press release

EBRD to fund the acquisition of 50 new buses by the city of Gaziantep in south-eastern Turkey

LONDON, 27-Dec-2016 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is extending a €5 million loan and a €5 million grant to the city of Gaziantep in south-eastern Turkey for the acquisition of 50 new buses. With a … Read the full press release

EMBO awards Installation Grants to ten life scientists to set up laboratories in Czech Republic, Estonia, Poland, Portugal and Turkey

HEIDELBERG, 14-Dec-2016 — /EuropaWire/ — Ten life scientists have been awarded EMBO Installation Grants to set up independent research laboratories in the Czech Republic, Estonia, Poland, Portugal and Turkey. “Through the Installation Grants we encourage some of the best early-career researchers … Read the full press release

Leonardo opens new maritime traffic and navigation support centre in Izmit, Turkey

The Vessel Traffic Management System (VTMS) installed in the Turkish town will manage local maritime traffic and security, helping protect the marine environment The inauguration ceremony was attended by the Turkish Ministers of Defence and Transport  In the largest-scale application … Read the full press release

Turkey’s leading defense company ASELSAN and Honeywell sign MoU at IDEX 2015 Exhibition in Abu Dhabi

ANKARA, 4-3-2015 — /EuropaWire/ —  ASELSAN, Turkey’s leading defense company, and Honeywell, a Fortune 100 company active in both civilian and military domains in the global market, have signed a Memorandum of Understanding on the third day of the IDEX … Read the full press release

Bekaert enhances its status in the tire industry with the acquisition of the Pirelli steel cord plant in Izmit, Turkey

Kortrijk, Belgium, 9-2-2015 — /EuropaWire/ — Bekaert and Pirelli have successfully closed the acquisition by Bekaert of the Pirelli steel cord plant in Izmit, Turkey. The deal closing in Turkey follows the ownership transfer of the steel cord plants in Figline … Read the full press release

Alstom won €220M worth contracts for supply and maintenance of the power island of the 950 MW Kirikkale combined-cycle power plant in Anatolia region, Turkey

Alstom has been awarded two contracts worth over €220 million[1] in total for the supply and the maintenance of the power island of the 950 MW Kirikkale combined-cycle power plant located in the central Anatolia region in Turkey. The plant is … Read the full press release

Schneider Electric SE to acquire Turkey’s second largest player in wiring device accessories Günsan Elektrik

Rueil-Malmaison, France, 13-8-2014 — /EuropaWire/ — Schneider Electric SE announced today that it has signed an agreement to acquire Günsan Elektrik, the second largest player in wiring device accessories serving residential and commercial buildings markets in Turkey Based in Istanbul and employing … Read the full press release

CEB Administrative Council approved five new loans worth € 528 million for projects in Montenegro, Poland, Slovak Republic and Turkey

Paris, 24-3-2014 — /EuropaWire/ — Today (20 March 2014), at its 287th meeting, the Administrative Council of the CEB approved five new loans worth € 528 million entirely for target group countries. Montenegro – € 8 million to Société Générale Montenegro, specialising … Read the full press release

Heathrow and Asia House expanded their series of guides designed to help SMEs trade with Asia

London, UK, 10-1-2014 — /EuropaWire/ — Heathrow and Asia House have expanded their series of tailored guides designed to help SMEs trade with Asia. The series now includes Azerbaijan, Kazakhstan, Malaysia, Mongolia, Myanmar (Burma), Pakistan, The Philippines and Turkey, and follows … Read the full press release

Vestas to deliver, install and commission wind power plant in Sivas province, Turkey for Kangal Elektrik Uretim A.S.

KANGAL ELEKTRIK URETIM A.S. HAS SIGNED AN AGREEMENT TO CONSTRUCT A WIND POWER PLANT USING 22 V100-2.0 MW WIND TURBINES. THE COMPANY’S FIRST WIND PROJECT WILL BE READY FOR TURBINE INSTALLATION IN THE FIRST QUARTER OF 2014. Aarhus, Denmark, 09-12-2013 — … Read the full press release

The European Investment Bank launched new recruitment campaign for its FEMIP Internship Programme

Luxembourg, 18-10-2013 — /EuropaWire/ — The European Investment Bank (EIB) is currently launching a new recruitment campaign for its FEMIP Internship Programme. The Programme is open to students who are nationals of the Mediterranean partner countries (Algeria, Egypt, Gaza/West Bank, Israel, Jordan, … Read the full press release