European Bank for Reconstruction and Development
European development bank pledges full support for Turkey’s green transition
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.
Turkey’s Arçelik secures 150 mln euros EBRD loan for green manufacturing
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.
EBRD commits to €1.5 bln for Turkey with half for green financing
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.
EBRD raises Turkey's 2021 growth forecast to 9%
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.
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Turkey's Gaziantep joins EBRD's Green Cities initiative
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.
European bank provides $50 mln in trade finance to Turkish lender
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.
European bank invests in Turkish waste-to-energy firm Biotrend
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.
EBRD, Ford Otosan charge ahead with big EV lending
The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.
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EBRD upgrades Slovenia’s GDP forecast to 5% growth this year
London – The European Bank for Reconstruction and Development (EBRD) has upgraded by 1.5 percentage points its GDP growth forecast for Slovenia in 2021 to 5%. The institution expects that Slovenia’s economy will expand by a further 4% next year.
EBRD forecasts 5.5 pct growth in Turkish economy, 4.2 pct in emerging countries
Turkey's economy is expected to grow by 5.5 percent in 2021 and 4 percent in 2022, according to the forecast of the European Bank for Reconstruction and Development (EBRD) released on June 29.
The forecast for Turkish economic growth this year is driven by exports, as the bank said domestic demand remains constrained by the impact of weaker household financial circumstances.