Or­ganic farm­ing com­pany to ex­pand with EBRD fi­nanc­ing

Dünya Executive - - OVERVIEW -

The Euro­pean Bank for Re­con­struc­tion and De­vel­op­ment (EBRD) and a Turk­ish or­ganic farm­ing com­pany have signed a 16 mil­lion euro (nearly

$18 mil­lion) fi­nanc­ing deal to help raise the firm’s pro­duc­tion ca­pac­ity. “The EBRD funds will en­able the com­pany to build a new hazel­nut pro­cess­ing plant in Eregli, in the Black Sea re­gion of Turkey, and fi­nance the ex­pan­sion of freeze-dried fruit pro­duc­tion at its Afyon plant in cen­tral Ana­to­lia,” said the EBRD in a state­ment. Mehmet Ali Isik, the founder of Isik Tarim, said the loan will help them pro­mote sus­tain­able or­ganic agri­cul­ture in Turkey. “With these funds, we will ex­pand the area we har­vest from and be able to work with even more farm­ers,” he added.

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