World Economic Forum Investment call for Turkey
The Annual Meeting of the New Champions, traditionally organized by the World Economic Forum every year and known to the public as the Davos Summit, took place in Tianjin, China, on the 27th to 29th of June. Cevdet Alemdar, President of Sabancı Holding Industry Group, made a call to business leaders to invest in Turkey at […]
Less ‘Footprint’ with next-generation fabrics
After the pandemic, the interest in hygiene products has increased a lot. In this period when sustainability is on the agenda like never before, Turkish wet wipes manufacturer Sapro announced that it has reduced its carbon footprint in production by 14 percent with its new generation fabric. In recent years, especially during Covid-19 pandemic, the […]
Turkish-based StartersHub plans to invest in startups
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, […]
The foundation of Turkey’s first battery factory will be laid in Gemlik, Bursa
According to the written statement made by the Ministry of Industry and Technology, the construction start ceremony of Siro Silk Road Clean Energy Storage Technologies Battery Development and Production Campus, which was established in partnership with Turkey’s global mobility brand Togg and Chinese energy company Farasis, to develop energy storage solutions. Turkey is taking important […]
Sabancı Ventures Invests in Green Hydrogen
Sabancı Ventures, Sabancı Holding’s Corporate Venture Capital Fund, invested $800,000 in hydrogen equipment manufacturer SunGreenH2, which was established in 2020. The initiative aims to expand the mass production of green hydrogen on a global scale. Green hydrogen, which has zero carbon emissions, can be used in many different areas from mobility to industry and […]
$70 million investment in solar plants in Turkey
Solarex Istanbul Solar Energy and Technologies Fair, which opened its doors on April 6 at the Istanbul Expo Center (IFM), was flooded with domestic and foreign visitors. The fair, where state-of-the-art products are showcased in the international arena and which aims to sign agreements worth millions of dollars, ends today. In Turkey, which has […]
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 […]
EBRD investments in Turkey reached 1,63 billion Euros in 2022
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 […]
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 […]
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 […]