Turkey-based early stage technology investment fund StartersHub is preparing to invest in new companies. Having completed 2022 with 7 investments, including 3 successful projects (Paymes, PulpoAR and Tridi) and fund size of 18.1 million dollars, StartersHub plans to invest in 10 companies this year. Arda Aşkın, Managing Director of Startershub, made a statement and said,
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April 4, 2023
1 billion lira investment in Turkey from the European giant Prinzhon Holding
Hamburger Containerboard, a subsidiary of Austrian Prinzhon Holding, one of the largest packaging companies in Europe, has decided to invest 300 million Euros in Kütahya. The signing ceremony for the location allocation of the paper mill, which is aimed to start operating in Kütahya 2nd Organized Industrial Zone (OIZ) in 2020 and to provide direct
March 26, 2023
Denmark’s IKEA is coming to Turkey
A new brand is stepping into Turkey in the field of retail. JYSK, called Denmark’s IKEA, comes as a direct investment. It will open two stores in Turkey on May 4. Making growth plans in Turkey, the brand also started to look for personnel. The Danish-based retail chain sells furniture, home and sleep products. It
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
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 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
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
August 22, 2022
Turkish entrepreneur ikas, which provides e-commerce and e-export solutions, opened its Germany office
Turkish startup ikas, which received an investment of 3.5 million dollars in April 2022 with the participation of local and global investors, announced that it wants to expand to Europe with its new investment. With the new office opened in Germany, it took the first step to open up to Europe. Opened new office; hosts marketing,
August 15, 2022
Turkish EMRA, Elder and ITU ARI Teknokent join forces for energy sector initiatives
The 2022 application process for the “Enerjim Sensin Acceleration Program”, which was initiated in cooperation with ITU ARI Teknokent under the coordination of the Energy Market Regulatory Authority (EMRA) and the Electricity Distribution Services Association (Elder), to support initiatives that develop projects for the energy sector, has started. According to the statement made by EMRA,
July 25, 2022
2 Million Euros of Plastic Raw Material saved with new refrigerator smart production solution
Standing out with its smart production solutions, Simularge has signed a big project with Arçelik within the scope of sustainability for everyone. Simularge offered Arçelik an innovative digitalization solution to minimize the waste of plastic raw materials in the refrigerator production line. Refrigerators, one of Arçelik’s leading products, constitute 35% of the company’s annual
July 8, 2022
BinBin launches Bulgaria operation with 1000 scooters
BinBin, a technology company that produces technology in the field of micromobility and offers practical transportation solutions in Turkey, made its first electric scooter investment in Sofia, the capital of Bulgaria Offering service to more than 1.5 million users in 14 different cities across Turkey with its environmentally friendly, economical and fun solutions for short distance
April 22, 2022
Fast Charging Stations for Electric Vehicles Grant Program in Turkey
While the efforts to bring the electric vehicle infrastructure to Turkey continue, the Ministry of Industry and Technology launched the “Fast Charging Stations for Electric Vehicles Grant Program” in Turkey. While the market share of electric vehicles was 0.2 percent in 2012, it reached 8.3 percent with record sales last year. Thus, electric