Fatih Kacır

Japanese agency provides financing for quake relief

The Japan International Cooperation Agency (JICA) is providing loans of up to 20 billion yen ($139 million) to support micro, small and medium-sized enterprises that were affected by the February earthquakes.

The loan agreement was signed between JICA and the Small and Medium Enterprises Development Organization of Türkiye (KOSGEB) in the capital Ankara.

Technology investments to help lower current account deficit

Industry and Technology Minister Fatih Kacır has said during his ministry's budget discussion for 2024 that Türkiye will contribute $7 billion a year to closing the current account deficit by implementing 185 projects focusing on medium and high technology with an investment of $66 billion.

Togg to produce 1 mln vehicles by 2032: Minister

Türkiye's first electric carmaker Togg will produce a total of 1 million vehicles by 2032, Industry and Technology Minister Fatih Kacır has said.

Some 97 percent of those vehicles will be sold to consumers while the public institutions will buy the remaining 3 percent, the minister told a group of journalists.

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