A new metro line in Izmir, Turkey’s third-largest city, will provide safer, more reliable and greener transport for about 500,000 residents in the urban district of Buca. The European Bank for Reconstruction and Development (EBRD) is supporting the first phase of construction
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The FINANCIAL — Turkey’s leading cocoa producer and chocolate maker, Altinmarka Gida Sanayi Ve Ticaret AS, is receiving a financial boost to keep up with growing demand. The European Bank for Reconstruction and Development (EBRD) and Turkiye Sinai Kalkinma Bankasi (TSKB), the Industrial Development Bank
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The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and Turkiye Sinai Kalkinma Bankasi (TSKB) – the Industrial Development Bank of Turkey – are jointly providing a €21 million loan to Turkey’s leading wet wipe producer Sapro to support business growth and
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The FINANCIAL — EUROCHAMBRES has called for every effort to be made to ensure free trade between the EU and Turkey, and underlined its opposition to economic barriers, including boycotts of EU products. EUROCHAMBRES, the European association of chambers of commerce &
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The FINANCIAL — IFC is supporting the financing needs of small and medium enterprises (SMEs) in Turkey by partnering with Alternatif Bank to extend new trade-related or working capital loans to SMEs whose cashflows have been disrupted due to the COVID-19 pandemic.
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The FINANCIAL — The study covers 83 cities in the EU, the EFTA countries, the UK, the Western Balkans and Turkey, for a total of 58,100 telephone interviews. It reveals in which cities people are satisfied with a range of public services
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The FINANCIAL — “The people of Azerbaijan have repeatedly heard from mediators and leaders of some international organizations that there is no military solution to this conflict. I said that I do not agree with this thesis, and I was right. I
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The FINANCIAL — National Statistics Office of Georgia published data of Domestic exports of Georgia (January – August 2020). In January-August 2020 the exports of Georgia (excluding non-declared exports) equaled USD 2 071.4 million, 14.7 percent lower year-on-year. Share of the domestic
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The FINANCIAL — National Statistics Office of Georgia published data of Foreign Direct Investments Q2. Foreign direct investments (FDI) in Georgia amounted to USD 237.8 million in Q2 2020 (preliminary data), up 0.5 percent from the adjusted data of Q2 2019. The top three countries
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The FINANCIAL — Turkish lira dropped to record low against dollar as state bank interventions could not reassure investors. The last lowest point was hit in May. Meanwhile, heavy interventions late last week drained the supply of local currency, government-owned lenders flooded the market with foreign exchange, selling at
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