Tag Archives: Türkiye

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

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … 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

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 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

Garanti BBVA Mobile App Achieves Record Usage with 2.7 Billion Logins in H1 2024, Leading Türkiye’s Digital Banking Revolution

(IN BRIEF) Garanti BBVA Mobile, Türkiye’s leading private-sector banking app, saw over 2.7 billion logins in the first half of 2024, reflecting its rapid growth and widespread use among over 15.5 million active users. The app’s extensive features and user-friendly … Read the full press release

Turkcell and Ericsson Partner to Trial 5G Cloud RAN, Pioneering Next-Gen Network Flexibility in Türkiye

(IN BRIEF) Turkcell has successfully completed a trial of Ericsson’s 5G Cloud RAN technology, becoming one of the first telecom operators globally to explore this advanced solution. The deployment marks a significant step in Turkcell’s network modernization efforts, enhancing flexibility … Read the full press release

BBVA Expands AI Factory to Mexico and Türkiye, Doubling Workforce to Drive Global AI Innovation

(IN BRIEF) BBVA’s AI Factory has expanded to Mexico and Türkiye, doubling its workforce to over 400 AI experts. This expansion aims to accelerate the development of AI solutions to improve customer experiences and optimize internal processes. The AI Factory … Read the full press release

Alstom Strengthens Rail Capabilities in Africa, Middle East, and Central Asia with New Industrial Center in Türkiye

(IN BRIEF) Alstom has strengthened its rail capabilities in Türkiye by acquiring Duray Ulasim Sistemleri in Bursa and establishing an Advanced Industrial Center. The new facility, which employs over 200 people, will produce critical rail components and support Alstom’s global … Read the full press release

EBRD Literature Prize Shortlist Reflects Diverse Voices from Across Regions

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has revealed the shortlist for the prestigious EBRD Literature Prize, showcasing a diverse array of compelling works from writers across several countries and regions of the Bank’s operation. Selected by … 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 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

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

Garanti BBVA Launches Türkiye’s First Ecommerce Loan for Energy-Efficient Car Rentals

(IN BRIEF) Garanti BBVA has partnered with Enterprise Türkiye to promote electric mobility and car rentals in Türkiye. As part of this collaboration, Garanti BBVA is offering an ecommerce loan, known as a Buy Now Pay Later (BNPL) loan, to … 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

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