EU to support Turkish businesses’ green and digital transformation with $322M grant
The image features a composite of the European Union and Turkish flags overlaid on euro banknotes. (Adobe Stock Photo)
The EU allocated €310 million ($322.8 million) through the Instrument for Pre-Accession Assistance (IPA) funding mechanism to enhance the competitiveness of Turkish enterprises, aiming to support digitalization and green transformation from 2025 to 2027.
Jurgis Vilcinskas, deputy head of mission of the EU delegation to Türkiye, told Anadolu Agency that the bloc provided over €780 million to support Türkiye’s green transformation and that it will continue to support the green and digital transformations in the coming days.
The grant will focus on key areas of basic rights, environment, energy, transportation, education, employment and competitiveness.
The IPA is an EU funding mechanism that supports candidate and potential candidate countries in aligning with EU standards and policies before accession.
Incentive for Turkish businesses’ green and digital transformation
Vilcinskas said that the grant will enable Turkish firms to transform into environmentally friendly and sustainable businesses and boost their competitiveness while supporting the country’s digital and green transformation efforts.
Emphasizing their support for green and digital transformation in Türkiye, Vilcinskas stated, “We want companies to engage more in digitalization efforts and better meet their customers’ expectations.”
On the other hand, as for U.S. President Donald Trump’s threatened tariffs on the EU, Vilcinskas said that because the U.S. is one of the bloc’s largest trading partners, they would rather avoid disruptions in trade, and made no further comments.
“The U.S. is one of the countries where we have the highest trade volume, so we wish to avoid any disruptions,” he responded.
