EBRD and Turkey’s Ministry of Industry and Technology strengthen cooperation

By Olga Rosca

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  • EBRD President and Turkish Minister for Industry and Technology agree to deepen cooperation
  • Single-window system to facilitate investment in innovations
  • Unleashing power of technology to bring about change a strategic priority for EBRD

In its commitment to advance Turkey’s transition to a more competitive, knowledge-driven economy, the European Bank for Reconstruction and Development (EBRD) is strengthening its cooperation with the Ministry of Industry and Technology.

The partners will step up efforts to boost innovation in competitive sectors such as machinery, electrics, electronics, mobility, pharmaceuticals and chemicals.

The Bank and the Ministry have together established the Technology-Focused Industry Movement, also known as the HAMLE programme, which consolidates several incentives that promote investments in technology and skills and provides a single-window system for investors. 

In a video conference today EBRD President Odile Renaud-Basso and the Minister for Industry and Technology, Mustafa Varank, agreed that the two institutions will intensify efforts to facilitate innovative investments through the HAMLE programme..

Unleashing the power of technology to bring about change for the better is a strategic priority for the EBRD, alongside tackling environmental and demographical challenges in the economies where it invests.

In Turkey, the EBRD is a leading institutional investor and to date has invested more than €13 billion in the country through 337 projects, with 96 per cent of these in the private sector. In 2020 the Bank responded to the Covid-19 pandemic by stepping up its financing in the country to €1.7 billion from €1.0 billion in 35 projects in 2019. In 2021 the Bank’s investments will support the country’s post-Covid recovery.

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