European bank to loan Turkish honey producer

By Tuba Sahin

ANKARA (AA) – The European Bank for Reconstruction and Development (EBRD) provided over a $5.3 million loan to Turkish honey producer Altiparmak Gida, the EBRD said Friday.

“The funds will allow Altiparmak Gida to enhance its natural honey and bee product range, ” the EBRD said in a statement.

Arvid Tuerkner, the EBRD managing director for Turkey, said the financing would help the company strengthen its brandname and increase its sales in Turkey and overseas through research and development.

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