European Bank for Reconstruction and Development

The head of the European Bank for Reconstruction and Development (EBRD) said on Nov. 10 that it will support for Turkey's transition to a green economy.

Turkish home appliance manufacturer Arçelik said on Nov. 9 it has secured a €150 million ($173.9 million) loan from the European Bank for Reconstruction and Development (EBRD) for green manufacturing.

The loan, which will support a three-year environmentally sustainable investment program, will come in two parts.

The European Bank for Reconstruction and Development (EBRD) is committed to the continued success of the Turkish economy and the resilience of its private sector by continuing to offer green financing, the head of the bank said.

Citing a rebound in domestic demand and strong exports, the European Bank for Reconstruction and Development (EBRD) has raised its 2021 growth forecast for Turkey.

The Turkish economy is projected to expand by 9% in 2021, revised upwards 3.5 percentage points from its previous forecast, according to the EBRD's latest Regional Economic Prospects report published on Nov. 4. 

A city in southeastern Turkey joined the Green Cities program of the European Bank for Reconstruction and Development (EBRD), according to an official statement on Nov. 2.

The first phase of the reconstruction of the Piraeus Tower was undertaken by TERNA SA, a 100% subsidiary of the GEK TERNA Group.

Turkey's leading bus manufacturer Otokar has won a major bus tender in Jordan.

According to the contract, Otokar will manufacture and export 136 buses, including 100 Vectio models and 36 Kent models, for the transportation needs of the Amman municipality.

Ljubljana/Brussels – EU leaders will gather in Brdo pri Kranju on Tuesday for a strategic debate on the EU’s international role in the light of developments in Afghanistan, the AUKUS security partnership and relations with China. On Wednesday, the Slovenian EU presidency will host an EU-Western Balkans summit, but no significant developments are expected.

The European Bank for Reconstruction and Development (EBRD) provided $50 million in trade finance to the Türk Ekonomi Bankası (TEB).

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The facility, aiming to boost support for exporters and importers, will be channeled under the EBRD's Trade Facilitation Programme (TFP), according to a statement by the bank.

The European Bank for Reconstruction and Development (EBRD) has invested in a minority stake in Turkish waste-to-energy firm Biotrend.

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Through the investment the bank aims to promote private-sector participation in municipal waste management, according to a statement on Aug. 23.