en.Wedoany.com Reported - The European Investment Bank (EIB) has resumed financing for Turkey, providing €200 million (approximately $230 million) in new loans to help Turkish companies reduce emissions and improve energy performance.
The EIB signed two financing agreements of €100 million each with the Turkish Development and Investment Bank (TKYB) and Türk Eximbank, which will on-lend the funds to small and medium-sized enterprises and mid-cap companies across the country. The funds will be directed toward renewable energy and energy efficiency projects, while also supporting supply chain resilience, energy security, climate adaptation, and green jobs.
Turkish Treasury and Finance Minister Mehmet Şimşek stated that this financing will help companies invest in clean energy, improve efficiency, and enhance competitiveness, serving as a concrete example of cooperation between Turkey and the European Union in supporting sustainable growth.
EIB Vice President Robert de Groot, on his first official visit to Turkey, said that by partnering with TKYB and Türk Eximbank—two institutions with expertise and extensive networks in the SME sector—the EIB can support Turkish companies in their transition toward a more sustainable and resilient future.
TKYB CEO Ibrahim Halil Öztop noted that the agreement is an important step in supporting Turkey's transition to a more sustainable, resilient, and competitive economy. TKYB will continue to mobilize international resources to advance investments in renewable energy and energy efficiency improvements.
Türk Eximbank CEO Ali Güney stated that the agreement provides financial support for exporters to comply with environmental regulations in key markets, particularly the European Union, and that the bank's total international financing for the green transition has now reached $1.9 billion.
During the visit, the EIB delegation also traveled to Hatay Province, which was severely affected by the 2023 earthquakes and has received €400 million in EIB support for drinking water and wastewater infrastructure projects for reconstruction. EU Ambassador-designate to Turkey Aivo Orav said that this financing demonstrates how the EU and Turkey can cooperate in areas such as the green economic transition, enhancing corporate competitiveness, and post-disaster reconstruction.
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