Industry, Commerce and Agribusiness

TURKEYDEVELOPING THE KNOWLEDGE ECONOMY

Turkish electronic goods manufacturer Vestel Elektronik is investing in research for the development of energy-efficient smart TV sets and light-emitting diode (LED) products, thanks to our financing.

We extended a €50 million loan to the company, which makes TV sets and white goods for global brands and produces tablet PCs, phones, smart boards and set-top boxes under its own brand name. Vestel Elektronik uses LEDs in most of its products and the research and development programme aims to help the company reduce the cost of these and dependence on foreign suppliers. It will conduct its research with local universities, ensuring a transfer of skills that is expected to result in patents, academic publications and improved university laboratories.

Over

€4.9 billion

invested in Turkey since 2009

3

regional offices in the country