EIB loan to help Turkey's SMEs

The European Investment Bank (EIB) has agreed to offer loans worth 200 million euros ($222 million) to Turkey?s state-owned bank, Ziraat Bank, to finance small and medium-sized enterprises (SMEs) as well as medium-sized corporates, the Turkish Treasury announced in a statement on June 3.

The loan will be guaranteed by the Treasury.

Over 50 billion devices to be connected to the Internet by 2020 (US commerce official)

The number of devices connected to the Internet worldwide will triple by 2020, to more than 50 billion units, US Deputy Secretary of Commerce Bruce Andrews told the second day of the Regional Cyber Security Summit in Bucharest.

Photo credit: (c) Alex MICSIK / AGERPRES PHOTO

Regional Cyber Security Summit begins at Palace of Parliament

The Ministry for Information Society together with the US Department of Commerce and the Commercial Service of the US Embassy in Bucharest are organising in the following three days at the Palace of the Parliament a Regional Cyber Security Summit, the US Embassy in Bucharest informs.

Photo credit: (c) Simion MECHNO / AGERPRES ARCHIVE

Turkish state lender Ziraat to open first foreign bank branch in Ethiopia

Turkey's largest state-owned lender, Ziraat Bank, has proposed opening the first foreign-owned bank branch in Ethiopia, Turkish Economy Minister Nihat Zeybekci has said.

Speaking at the Turkey-Ethiopia Business Forum in Ankara on April 27, Zeybekci said Turkish lender Ziraat Bank was awaiting a response from Ethiopia on its proposal.

Dignitaries to flock to Gallipoli anniversary

Turkey will host leaders from all corners of the world when it holds commemorations for the 100th anniversary of the Battle of Gallipoli April 24-25.

The heads of state for 20 nations will be in attendance, while two parliament speakers, three vice presidents, five prime ministers and around 20 ministers will also attend the ceremonies.