Medium Enterprises Development Organization

The devastating twin earthquakes in early February last year affected not only buildings but also the economy of southern Türkiye.

Before the earthquakes, Adıyaman's economy was based on two main pillars: Agriculture and livestock, and textile factories, which accounted for almost 90 percent of the city's industry. Food, construction and building materials were also produced.

The support provided under the Small and Medium Enterprises Development Organization (KOSGEB) will be increased by at least 100 percent in line with the country's growth targets, Industry and Technology Minister Mehmet Fatih Kacır has said.

Türkiye is ramping up its efforts to transform the industrial sector in compliance with the EU's green deal by implementing a comprehensive and ambitious project.

The size of the Green Industry Project, aimed at facilitating Türkiye's transition to the EU Carbon Border Adjustment Mechanism and reducing carbon emissions in production, is $450 million.

Germany's state-owned KfW Development Bank will provide Turkey a grant of €71.3 million ($82.5 million) to support efforts to create jobs for Syrian refugees.