By Us Secretary

Copyright trend

BAKU, Azerbaijan, September 25. The European
Bank for Reconstruction and Development (EBRD) is extending a 40
million euro loan to Kervan Gıda, a leading soft confectionery
producer in Türkiye, to advance the company’s transition toward a
greener and more inclusive business model, Trend reports.

The financing package allocates 10 million euros for new
automation, efficiency, and maintenance projects, 15 million euros
to refinance short-term debt linked to recent renewable energy
investments, and 15 million euros to support working capital,
helping to strengthen the company’s financial stability.

The project also focuses on inclusivity through the launch of a
‘digital operator school’, an internship programme with local
universities, and childcare solutions to improve gender inclusion
and work-life balance.

On the environmental side, investments in solar energy and
recyclable, certified packaging materials are expected to reduce
emissions, enhance resource efficiency, and promote circular
economy practices.

Natalia Zhukova, EBRD Head of Food and Agribusiness, said the
partnership will “further enhance the company’s financial
competitiveness” while accelerating progress on climate goals.
Kervan Gıda CEO Devrim Kılıçoğlu added that the support
“strengthens our foundations and provides the resources to
accelerate our sustainability and inclusive goals, ensuring that
our growth benefits both our employees and the wider
community.”

Since 2009, the EBRD has committed more than 22 billion euros
across 499 projects and trade finance limits in Türkiye, with the
majority directed toward the private sector.