The European Bank for Reconstruction and Development is scaling up its presence in Turkey. It expects the new field office in Ankara, the country’s capital, to deepen its cooperation with the government.
EBRD has reportedly scheduled a news conference May 30 on the new office. Michael Davey, EBRD country director for Turkey, and Charlotte Ruhe, director of small business support at the bank, will attend the event.
The bank’s main country office will remain in Istanbul, the bank has said in a statement sent to local media.
Early this month, EBRD issued its new country strategy for Turkey. The three-year road map aims to help develop sustainable energy, encourage the development of small and midsize enterprises in underdeveloped areas and women’s entrepreneurship, enhance industry competitiveness, back privatization, and promote market-based investment in municipal infrastructure.
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