The European Investment Bank signed an agreement with the Turkish Government on 4 July under which it will provide €445 million to support projects aimed at countering climate change and encouraging entrepreneurship.
The funding includes a total of €150m to improve Turkey’s forestry resources and loans worth a total of €150m to two Turkish banks to help them support the development of small businesses. Another €145m will go towards establishing a more environmentally-friendly rail transport system.
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