Arvid Tuerkner

The European Bank for Reconstruction and Development (EBRD) invested a record 2.48 billion euros in Türkiye in 2023, boosted by the Bank's swift response to the country's recovery and reconstruction needs following deadly earthquakes in early February last year. 

The European Bank for Reconstruction and Development on Thursday announced it would invest up to 1.5 billion euros ($1.6 billion) in Turkey's earthquake-hit region over the next two years.

The European Bank for Reconstruction and Development (EBRD) has said it is providing $127 million in new funding to İş Bankası for on-lending to women-led businesses and to facilitate Türkiye's transition to a green economy.

Residents of Turkey's Mediterranean province of Mersin will enjoy a new environmentally friendly, modern and comfortable public transport service as 100 new compressed natural gas (CNG) powered buses are set to replace an aging fleet thanks to a new loan and grant package provided by the European Bank for Reconstruction and Development (EBRD).

The Union of Municipalities of Turkey (TBB), the European Bank for Reconstruction and Development (EBRD), and the International Labor Organization (ILO) signed a memorandum of understanding (MoU) yesterday to promote more accessible childcare to encourage women's participation in the labor force.

The European Bank for Reconstruction and Development (EBRD) on Jan. 14 said it has hiked its financial support to Turkey amid its fight against the COVID-19 pandemic.

"The Bank stepped up its financing in Turkey to €1.7 billion ($2 billion) in 2020 through 33 projects, from €1 billion in 35 projects in 2019," it said in a statement.

The European Bank for Reconstruction and Development (EBRD) on May 20 announced a $55 million loan to Garanti BBVA, the second-largest private lender in Turkey.