Finance

Pasha Bank provides $6.4M for agricultural fintech firm Tarfin to back advanced investors in Turkey… Azerbaijan’s Pasha Bank has provided 46 million Turkish liras ($6.4 million) of funds for Turkish fintech firm Tarfin to support advanced investors in the agricultural sector, according to a statement on Thursday. The bank issued …

Press release… Er: Our olive oil exporter has become unable to export the product Davut Er, Chairperson of the Aegean Olive and Olive Oil Exporters’ Association (EZZİB), said, “The 15 percent drop in foreign exchange rates put the exporting companies that made their agreements at the beginning of the season …

The Turkish Central Bank on Feb. 4 announced its decision to form a division in charge of analyzing developments in the food and agricultural product markets. This division will “perform an early warning function by carrying out a detailed and timely analysis of data regarding the prices of food and …

“We will pay a total of 24 billion liras for agricultural support in 2021” Underlining that they will pay 24 billion TL in agricultural support this year, Minister of Agriculture and Forestry Bekir Pakdemirli said, “Agricultural support has increased by 65 percent in the last 3 years. We will pay …

Press release… Yağcı: “The decrease in exchange rates causes our products to be exported cheaply” Cahit Doğan Yağcı, Chairman of the Aegean Furniture Paper and Forestry Products Exporters’ Association, said that the dollar exchange rate, which entered 2021 at the level of 7.43 TL, declined to 7.05 on February 5, …

ANKARA The World Bank on Monday announced that under a new project it will provide a finance of $300 million to help avert the closure of viable micro- and small-enterprises (MSEs) in Turkey amid the coronavirus pandemic. The new financing will support people and firms by providing reimbursable support financing …

Yemeksepeti, an online food delivery app in Turkey, has announced a TL 20 million ($2.55 million) support package for restaurants feeling the pinch of the coronavirus pandemic. Turkey on Monday announced it will impose a weekday curfew and a full lockdown on weekends to combat the spread of the outbreak. …

Press release… E-commerce market will reach 6.5 trillion dollars in 2022… Aegean Exporters’ Associations (EİB) Koordinator Jak Eskinazi said the e-commerce sector can grow rapidly with SMEs (Small and medium enterprises), which are the backbone of the economy and that e-export will develop with the transition of SMEs to e-commerce. …

While the Goverment continued its works in many headings from income insurance to land banking in agriculture, agricultural assets worth 281.1 billion liras have been insured so far. Minister of Agriculture and Forestry Bekir Pakdemirli stated that 14 million 440 thousand agricultural insurance has been arranged since 2006. Pointing out …

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) on Wednesday jointly extended a loan of 11 million euros (nearly $13 million) to Turkish chocolate maker Altınmarka to finance growing demand for its products. The loan will finance the company’s increased working capital …