
The $485 million financing provided by the World Bank will be used for green and digital transformation investments of businesses.
Minister of Treasury and Finance Mehmet Şimşek announced that the $485 million financing provided from the World Bank will be used for green and digital transformation investments of the industry and is compatible with COP31 priorities.
AI-generated summary
Türkiye uses external financing sources to promote green and digital transformation in the industrial sector.
Minister Şimşek, who also shared a post on the X account regarding the issue, stated that the 485 million dollar financing provided by the World Bank will be used in green and digital transformation investments of businesses. Şimşek emphasized that the support is also compatible with COP31 priorities.
Sharing his evaluations regarding the financial support for the transformation of the industry, Şimşek said:
"We support the green and digital transformation of our industry with external financing with favorable conditions.
The $485 million financing provided by the World Bank will be used for the green and digital transformation investments of our businesses.
This financing is also compatible with the priorities of COP31, which we will host in November: strengthening fair and easy access to climate finance, accelerating adaptation and transformation, and turning commitments into concrete practices.
"We will continue to increase the efficiency and competitiveness of our manufacturing industry and support its transition to sustainable production."
Şimşek stated that the financing in question is compatible with COP31 priorities and drew attention to strengthening fair and easy access to climate finance and accelerating adaptation and transformation processes.
The financing aims to increase the efficiency and competitiveness of the manufacturing industry, support the green and digital transformation investments of businesses, and accelerate the transition to sustainable production.
AI outlook — possibilities, not facts
Loan applications for businesses for green and digital transformation investments will begin.
Likely · Within months

The Fed is expected to keep the policy rate constant at 3.75-4.00 percent in its interest rate decision to be announced today. Market participants are closely following the reasons for this break despite high inflation and the signals to be given for December.
Reference Sigorta General Manager Oğuz Karahançer announced that 11.9 billion TL of damage occurred in the flood disaster in Istanbul and 10 thousand applications were made. Karahançer also made evaluations about automobile insurance prices, freight costs and complementary health insurance targets.
Vestel Beyaz Eşya turned positive again in EBITDA by increasing its sales revenues to 15.7 billion TL in the third quarter of 2026. The company stated that operational improvements and strategic transformation program had a positive impact on the results.
Minister of Commerce Ömer Bolat announced that exports in September increased by 15.3 percent on an annual basis, reaching 25.9 billion dollars, reaching the highest September export figure in the history of the Republic.
The cost of the heavy rains in the region to the insurance sector approached 12 billion lira. While 89.8 percent of the damage occurred in Istanbul, fire insurance companies ranked first in total compensation claims.

The liquidation process was accelerated after the fund crises in the capital markets. While 68 billion liras were paid to 71 thousand accounts, it was announced that new interim payments would start on October 30 and a new bill was prepared to prevent crises.