EBRD launches mentoring program for Syrian entrepreneurs in Turkey
Baku, Azerbaijan, Aug.3
By Leman Zeynalova – Trend:
The European Bank for Reconstruction and Development (EBRD) has launched mentoring program for Syrian entrepreneurs in Turkey, Trend reports citing the Bank.
Syrian entrepreneurs in Turkey, who have fled the conflict in their home country, will have access to local business networks and know-how to build their managerial capacity thanks to a mentoring program launched by the EBRD, reads the message.
Turkey is the biggest recipient of Syrian refugees in the world and is currently providing shelter to more than 3.6 million Syrians, according to the United Nations High Commissioner for Refugees.
In order to better integrate the Syrian-led businesses and improve their competitiveness the EBRD, together with the Human Development Foundation (INGEV), will match 24 Syrian entrepreneurs who currently live in Istanbul and in the south-eastern city of Mersin with Turkish professionals. The aim is to help them improve the performance of their businesses in areas such as marketing, business development and sales.
The mentoring initiative is part of the EBRD’s Refugee Response in Turkey, which focuses on economic inclusion, support of SMEs and infrastructure development. To date, more than 130 small businesses in regions hosting large numbers of refugees have benefited from advisory support.
The EBRD is a leading institutional investor in Turkey and has invested over €11 billion in 289 projects in the country since 2009, including €79 million financing provided directly to SMEs. The Bank has also provided advisory support to 750 SMEs across Turkey. The overwhelming majority of EBRD investments in Turkey are in the private sector.
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