5/7/2021

Turkey and EBRD Plan to Boost Innovation in Competitive Sectors

​The Minister of Industry and Technology Mustafa Varank and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso met via video conference to enhance cooperation in Turkey.

The MoIT and EBRD have agreed to boost innovation in competitive sectors such as machinery, electrics, electronics, mobility, pharmaceuticals, and chemicals, and to expand the existing capacity support provided by the bank within the framework of the Tech-Driven Industry Initiative (HAMLE), the bank said in an official statement.

HAMLE is developed to combine incentives to encourage investments in technology and expertise while providing investors with a single-window framework.

Minister Mustafa Varank shared his pleasure with the EBRD's financial and technological assistance, stating that Turkey views the EBRD as a strategic and reliable partner.

Since 2009, EBRD has invested EUR 13 billion in Turkey through 339 projects, of which 93 percent were into the private sector. ​
EBRD; Mustafa Varank; innovation; machinery; electrics; electronics; mobility; pharmaceuticals; chemicals; Tech-Driven Industry Initiative