More than half of the European Bank for Reconstruction and Development’s (EBRD) investments in Turkey last year consisted of projects supporting green transformation. Turkey became the country in which the European Bank for Reconstruction and Development (EBRD) invested the most on an annual basis with 1.63 billion euros in 2022. The EBRD has announced details
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January 16, 2023
10 ‘economic steps’ in seven months in Turkey
Before the presidential and general elections, which are expected to be held in June 2023, the government aims to influence the electorate with its successive moves. Since May, 10 economic steps, described as the “election economy”, have been taken. Low interest loan for first time home buyers After the exorbitant increases in house prices, President
January 9, 2023
Turkey will increase wind power capacity up to 30 gigawatts in 2030s
The Turkish National Energy Plan, which was prepared on the basis of the Ministry of Energy and Natural Resources’ target of achieving net zero emissions by 2053, and which includes the steps to be taken until 2035, has been published. According to the information compiled by the AA correspondent from the plan, 96.6 gigawatts of
December 23, 2022
Turkey’s First Wave Power Plant to be Established in Ordu
According to the protocol signed, a wave energy facility of up to 77 megawatts (MW) will be established in Ordu. Estimated $150 million power plant, Turkey’s first grid-connected wave power plant, and the world’s largest wave power plant While he was the Minister of Energy and Natural Resources, Ordu Metropolitan Municipality Mayor Dr. Mehmet Hilmi
December 13, 2022
Tourism professionals expect a record in the number of tourists and income in 2023
TÜRSAB Chairman of the Board of Directors Firuz Bağlıkaya said that in the 100th anniversary of the establishment of the Republic of Turkey, the highest number of tourists and the highest income in history will be reached. Baglikaya stated that TÜRSAB, which is celebrating its 50th anniversary this year, is in the position of Turkey’s
December 5, 2022
The CBRT has made open banking transactions available in Turkey via its website
Open Banking (Open Banking) is a system based on application programming interface (API) and aims to share financial information necessary for the development of financial products and services. Unlike traditional central management of financial data, it relies on a technological network of different financial institutions, enabling them to exchange information more efficiently. In other words,
November 22, 2022
New R&D center investment from Daikin in Turkey
Daikin announced that the necessary work for the new R&D center building, whose investment cost was determined as 3.5 million euros, has been completed and that the construction of the center will begin in April 2023. According to the Daikin statement, Daikin, which steers the air conditioning market, which is growing and diversifying day by
November 11, 2022
Green destination model has been completed in Turkey
The Sustainable Energy Based Tourism Application Center (SENTRUM) project, which was implemented for the first time in the Ayvalık district of Balikesir to create a “green destination model”, was completed. Within the scope of the SENTRUM project, which is the first example of the “green destination model” with energy efficiency, renewable energy and sustainable tourism
November 1, 2022
Climate scorecard of banks in Turkey announced
Publishing the report “The Approach of Banks in Turkey to Climate Change”, 350 for Climate called on banks not to provide financing for fossil fuel investments, especially coal.The Banks’ Approach to Climate Change report evaluates Turkey’s 17 largest banks in five criteria related to climate change: Fossil fuel assets/investments, Clean energy investments, “Net Zero”, Carbon
October 24, 2022
Startups received $97 million investment in the third quarter
tartup Centrum Turkey announced its 3rd quarter data on the Startup Ecosystem. According to the data announced, in the third quarter of 2022, 74 startups received $97 million investment from 202 investors in the startup ecosystem of Turkey. With this quarter, 232 domestic enterprises have collected 1.49 billion dollars of investment so far in 2022.
October 14, 2022
Nordic countries will support Turkey’s transition to a green economy
The first of the Nordic Talks events, which were implemented to contribute to the green economy transition process of Turkey, which has taken important steps in the field of climate and sustainability, was hosted by the Consulate General of Denmark in Istanbul and the Consulate General of Sweden in Istanbul. At the WRI
October 10, 2022
Turkey’s wind energy potential introduced in Germany
İbrahim Erden, President of Turkish Wind Energy Association (TÜREB), said that they demonstrated Turkey’s industry and investment potential in wind at the WindEnergy Hamburg event. İbrahim Erden, President of the Turkish Wind Energy Association (TÜREB), stated at the WindEnergy Hamburg Conference and Fair that the event was extremely successful for Turkey within the
October 3, 2022
Turkish society sees the way of energy independence in renewable energy
According to the Research on Energy Consumption and Economy in Turkey, 55 percent of the society defines foreign dependency as the biggest energy problem in Turkey, and they think that solar and wind energy should be used to prevent foreign dependency. The results of the Energy Consumption and Economy in Turkey research conducted by
September 23, 2022
Turkish Octovan receives a 11.5 million TL investment
According to current data, while it is known that a total of $1.27 billion investment agreements were made in the first quarter of 2022, domestic entrepreneurs managed to stand out from the competition with world-class technology and business models. The latest news on this issue came from Octovan, which was established in 2017 to