Organic farming company to expand with EBRD financing
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.